BB&T's SMART Money Manager Combines Brokerage and Checking Accounts Into Single Asset Management Account

Apr 10, 2001, 01:00 ET from BB&T Corporation

    WINSTON-SALEM, N.C., April 10 /PRNewswire/ -- What have the dollars in
 your checking account earned for you lately?  BB&T today introduced a new
 product that may help you earn more.
     BB&T's SMART Money Manager combines the earning power of a brokerage
 account with the convenience of a checking account.  The brokerage option lets
 customers invest in stocks, bonds, mutual funds, variable annuities and other
 securities.
     The new asset management service automatically "sweeps" retail customers'
 deposits into their choice of either: an FDIC-insured bank deposit account;
 several taxable and nontaxable money market mutual funds; or a brokerage
 account through BB&T Investment Services Inc.
     "BB&T's new SMART Money Manager offers best-in-market features such as
 full and convenient access to your money; a single comprehensive statement
 detailing monthly brokerage and checking activity; and cost basis tracking,"
 said Sharon Jeffries-Jones, business line manager.
     SMART Money Manager customers will receive comprehensive monthly and year-
 end statements that will combine brokerage account and checking account
 activity with balance information from all other BB&T deposit accounts.
 Customers can also choose to let SMART Money Manager categorize their expenses
 to make record keeping and tax documentation easier.
     Customers may access their money through teller services, their BB&T 24
 Check Card, unlimited checkwriting, online banking and more than 1,300 ATMs.
 BB&T Investment Services offers both full service and discount brokerage
 services and online trading.
     Winston-Salem, N.C.-based BB&T Corporation (NYSE:   BBT), with $61.7 billion
 in assets, operates 892 banking offices in the Carolinas, Georgia, Virginia,
 Maryland, West Virginia, Tennessee, Kentucky and Washington, D.C.
     BB&T and its subsidiaries offer full-service commercial and retail banking
 and additional financial services such as insurance, retail brokerage,
 corporate finance, international banking, leasing and trust.  More information
 is available at the bank's web site, www.BBandT.com.
 
     Investment products offered by BB&T Investment Services are not
 FDIC-insured, may lose value, and have no bank guarantee.
       BB&T Investment Services (member NASD, SIPC), a full-service
 broker/dealer, is a wholly owned subsidiary of Branch Banking and Trust
 Company.  Branch Banking and Trust Company is the principal subsidiary of BB&T
 Corporation.
 
 

SOURCE BB&T Corporation
    WINSTON-SALEM, N.C., April 10 /PRNewswire/ -- What have the dollars in
 your checking account earned for you lately?  BB&T today introduced a new
 product that may help you earn more.
     BB&T's SMART Money Manager combines the earning power of a brokerage
 account with the convenience of a checking account.  The brokerage option lets
 customers invest in stocks, bonds, mutual funds, variable annuities and other
 securities.
     The new asset management service automatically "sweeps" retail customers'
 deposits into their choice of either: an FDIC-insured bank deposit account;
 several taxable and nontaxable money market mutual funds; or a brokerage
 account through BB&T Investment Services Inc.
     "BB&T's new SMART Money Manager offers best-in-market features such as
 full and convenient access to your money; a single comprehensive statement
 detailing monthly brokerage and checking activity; and cost basis tracking,"
 said Sharon Jeffries-Jones, business line manager.
     SMART Money Manager customers will receive comprehensive monthly and year-
 end statements that will combine brokerage account and checking account
 activity with balance information from all other BB&T deposit accounts.
 Customers can also choose to let SMART Money Manager categorize their expenses
 to make record keeping and tax documentation easier.
     Customers may access their money through teller services, their BB&T 24
 Check Card, unlimited checkwriting, online banking and more than 1,300 ATMs.
 BB&T Investment Services offers both full service and discount brokerage
 services and online trading.
     Winston-Salem, N.C.-based BB&T Corporation (NYSE:   BBT), with $61.7 billion
 in assets, operates 892 banking offices in the Carolinas, Georgia, Virginia,
 Maryland, West Virginia, Tennessee, Kentucky and Washington, D.C.
     BB&T and its subsidiaries offer full-service commercial and retail banking
 and additional financial services such as insurance, retail brokerage,
 corporate finance, international banking, leasing and trust.  More information
 is available at the bank's web site, www.BBandT.com.
 
     Investment products offered by BB&T Investment Services are not
 FDIC-insured, may lose value, and have no bank guarantee.
       BB&T Investment Services (member NASD, SIPC), a full-service
 broker/dealer, is a wholly owned subsidiary of Branch Banking and Trust
 Company.  Branch Banking and Trust Company is the principal subsidiary of BB&T
 Corporation.
 
 SOURCE  BB&T Corporation