SunTrust Banks Inc (STI) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum
purchase |
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$50.00 |
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Maximum
purchase |
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$250,000.00 |
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Fees |
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Account
Setup Fee |
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$10.00 |
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Automatic
Investment Fee |
$2.50 |
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Optional
Cash Purchase |
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$5.00 |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Suntrust Bank DRIP Details:
The Suntrust Direct Stock Purchase Plan offers a mediocre holding vehicle for your Suntrust investment with its account setup fees, and average investment fees, but has no dividend reinvestment fees. For many investores a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your STI investment.
Pros:
No dividend reinvestment fees
Cons:
Above average sales fee
Account setup fee