"ATLANTA, Feb. 24, 2014 /PRNewswire/ -- SunTrust Banks, Inc. (STI) today announced the Double Your Deposit Sweepstakes for clients using SunTrust Mobile and Tablet Banking. Every day through April 30, clients who use Mobile Deposit or Mobile Bill Pay with their cell phone or tablet are automatically entered for a chance to win the amount of their deposit or bill, up to $1,000. Two winners will be chosen each day during the duration of the sweepstakes.
Clients will automatically receive up to 30 entries per month (15 eligible mobile deposits and 15 eligible mobile bill payments). Winners will be chosen at random from all eligible entries received. SunTrust offers Mobile and Tablet Apps for both Apple and Android devices to help clients bank the way they prefer.
"Our research consistently finds that people want banking to work with their schedule, and that means having the option to deposit a check from the convenience of their home – or while they're on the go," said Brad Dinsmore, SunTrust's Consumer Banking and Private Wealth Management Executive. "Mobile Deposit is one way we're helping clients manage their finances more easily so they can stay on track to reach their goals. For those who haven't tried these applications yet, the Double Your Deposit promotion is a great reason to start."
Research confirms that more people are embracing mobile and tablet devices to exert greater control over their money and stay organized. According to a SunTrust survey, 55 percent of respondents with smartphones use a banking app. Among individuals between the ages of 26 and 34, mobile banking usage increased roughly 400 percent between 2008 and 2012." FWIW
it is interesting. I wonder if a promotion is needed. People are starting to make deposits by smart phone which seems very helpful. I wonder if branches will be used only for cash deposits in the future? perhaps cash will become obsolete and people will only have debit cards. That is what the teens do now.