Your written confirmation includes a complete description of the transaction. You should check your trade confirmations for accuracy and notify us immediately of any apparent discrepancies. It is important to keep your confirmations for tax purposes. For trading options, settlement is the next business day after the trade date. Settlement can be handled in one of three ways.
Funds transfer takes place on settlement date.
With this option, dividend and interest payments on your stocks and bonds can be transferred automatically to your bank account upon request. Automatic Settlement to Your Brokerage Money Market Mutual Fund Account Settlement may occur automatically through the STI Classic Money Market Fund associated with your brokerage account. Funds are credited or debited on the settlement date. When you choose an STI Classic Money Market Fund, any uninvested cash in your SunTrust Securities account is automatically swept into your STI Classic Money Market Fund every day, so your funds are automatically invested. Whether your Fund is taxable or tax-exempt is up to you.