Atlanta-based SunTrust Banks, Inc. has acquired more than 475,000 Internet and PC banking customers, a figure which represents 25 per cent of all SunTrust cheque account clients.
SunTrust introduced PC banking in 1995 and launched its Internet banking service in 1999, allowing customers to view detailed account balances, transfer funds and pay bills online. The bank currently averages 22,000 new PC or Internet banking customers per month.
According to TowerGroup research, approximately 12 to 14 per cent of all US households bank over the Internet.