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Personal Banking

Personal Banking Services










Choice Rewards Personal Checking

Minimum Deposit to Open Account - You must deposit $100.00 to open this account.

Fees - $8.00 per statement cycle.

Service Charge Buy-Down Options:  Options buy-down service charge by $2.00 each for maximum buy-down of $8.00.

  • $2.00 Buy-down - Receive direct deposits that total at least $500.00 per statement cycle. Direct deposits must post and clear to the account during the statement cycle to qualify.
  • $2.00 Buy-down - Use debit card 35 times during the statement  cycle.  Transactions will be counted on the date the transactions post and clear to the account, and not necessarily the date you conduct the transactions. 
  • $2.00 Buy-down - Use eStatment delivery
  • $2.00 Buy-down - Use online bill payment at least three times per statement cycle. Items must post and clear to the account during the monthly statement cycle to qualify. If the bill payment program is not used within a consecutive three-month period, the program will be deactivated, resulting in a loss of history and payee information.
  • $2.00 Buy-down - Age 65 or older.

Features:

  • No minimum balance is required.
  • Number of transactions - unlimited
  • ATM/Debit Card - provided
  • eStatements - provided
  • Online Banking and/or Mobile Banking - required to receive eStatements
  • Online Bill Payment - provided
  • Cash back on aggregate signature-based debit card purchases - .25% ($.25/$100.00).  Cash back is credited at the end of the monthly statement cycle.  See definition of signature-based transaction below.

Signature-Based Transactions - select credit instead of debit, sign a receipt instead of using your PIN or validate with your zip code instead of using your PIN.

Mail Delivery of Paper Statement - $4.00 per statement.

Estatements - In order to accept and receive electronic delivery of statements, you must have access to a computer or other device with internet connectivity, sufficient storage space and an internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Formant ("PDF"), and a valid email address.  You should notify the Bank if you become unable to meet the above hardware and software requirements.

Delivery Methods of Receiving Your Periodic Statements - Only one delivery method per account is possible.  Enroll in eStatements by clicking the eStatement tab within Netteller Internet Banking and completing the enrollment process.  Please contact the bank if you have trouble enrolling.

Senior Benefit (Customers 65 and older) - First box of wallet blue checks is free, 20% discount on 3x5 safe deposit box rental, and paper statement fee is waived.



Simple Checking

Minimum Deposit to Open Account - $100.00

 Monthly Service Charge - $5.00 per statement cycle

Features - No minimum balance is required. You are allowed unlimited transactions. ATM/Debit card is provided.

eStatements - Provided. Online Banking and/or Mobile Banking is required to receive eStatements. In order to accept and receive electronic delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF"), and a valid email address. You must notify the Bank if you become unable to meet the above hardware and software requirements.

Paper Statements - $4.00 per statement delivery by mail.

Statement Delivery Methods for Periodic Statements - Only one delivery method per account is possible. Enroll in eStatements by clicking the eStatement Tab within NetTeller Internet Banking and completing the process. Please contact the Bank if you have trouble enrolling.

Senior Benefit (Customers 65 and older) - First box of wallet blue checks is free, 20% discount on 3x5 safe deposit box rental, and paper statement fee is waived.

E Checking Account

Minimum Deposit to Open Account - You must deposit $100.00 to open this account.

Fees - $8.00 monthly service charge

Service Charge Buy-down Options: If all three of the buy-down options listed below are met, no monthly service charge will be imposed.

  • Receive direct deposits that total at least $500.00 per statement cycle.   The direct deposits must post and clear to the account during the monthly statement cycle to qualify.
  • Use ATM/Debit card 35 times (as a signature-based transaction) during the statement cycle. Transactions will be counted on the date posted and cleared to the account, and not necessarily the date you conduct the transaction.    To make a signature-based transaction, select credit instead of using your PIN or validate with your zip code instead of using your PIN.
  • Receive eStatements.

Paper Items (debits or credits) - $.25 per item for every item over three per statement cycle.

Features:

  • No Minimum Balance Required
  • Number of Electronic Transactions - unlimited
  • ATM/Debit Card provided
  • eStatements - required
  • Online Banking and/or Mobile Banking - required to receive eStatements
  • Direct Deposit - required (total at least $500.00 per statement cycle and must be posted and cleared to the account during the statement cycle to qualify.) 

eStatements - Required. Online Banking and/or Mobile Banking is required to receive eStatements. In order to accept and receive electronic delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF"), and a valid email address. You must notify the Bank if you become unable to meet the above hardware and software requirements.

To Enroll in eStatements - Enroll in eStatements by clicking the eStatement Tab within NetTeller Internet Banking and completing the enrollment process.  Please contact the bank if you have trouble enrolling.

Interest Checking Account

Minimum Deposit to Open Account - $100.00

Minimum Balance to Avoid Imposition of Fees - A service charge of $8.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the statement cycle.

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of Rate Changes - We may change the interest rate on your account every month.

Determination of Rate - At our discretion, we may change the interest rate on your account.

Compounding and Frequency - Interest will not be compounded. Interest will be credited to your account every month.

Effect of Closing an Account - If you close your account before interest is credited; you will not receive the accrued interest.

Daily Balance Computation Method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. 

Accrual of Interest on Noncash Deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Features - Account earns interest with unlimited transactions. ATM/Debit card provided. Bill Payment provided.

eStatements - Estatements are provided. Online Banking and/or Mobile Banking is required to receive eStatements. In order to accept and receive electronic delivery, you must have access to a computer or other device with internet connectivity, sufficient storage space, and internet browser capable of 128-bit encryption, software that enables you to view files in the Portable Document Format ("PDF"), and a valid email address. You must notify the Bank if you become unable to meet the above hardware and software requirements.

Paper Statements - $4.00 per statement delivered by mail.

Statement Delivery Methods for Periodic Statements - Only one delivery method per account is possible. Enroll in eStatements by clicking the eStatement Tab within NetTeller Internet Banking and completing the process. Please contact the Bank if you have trouble enrolling.

Online Bill Payment - Bill payment is provided. If the bill payment program is not used within a consecutive three month period, the program will be deactivated, resulting in a loss of history and payee information.

Senior Benefit - For customers 65 and older: First order of wallet blue checks is free, 20% discount on 3x5 safe deposit box rental, and paper statement fee is waived.

Savings Account

Minimum Deposit to Open Account - $100.00

Minimum Balance to Avoid Imposition of Fees - A service charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $250.00 any day of the statement cycle.

Fees - A per item fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer, or payment out of this account) in excess of three during a quarter. 

Account Closing Fee - A fee of $10.00 will be charged for any savings account closed within 90 days of opening.

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of Rate Changes - We may change the interest rate on your account at any time.

Determination of Rate - At our discretion, we may change the interest rate on your account.

Compounding and Frequency - Interest will not be compounded. Interest will be credited to your account every quarter.

Effect of Closing an Account - If you close your account before interest is credited; you will not receive the accrued interest.

Daily Balance Computation Method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations - Transfers from a regular savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per statement cycle.

Minor Savings Account

Minimum Deposit to Open Account - $50.00

Minimum Balance to Avoid Imposition of Fees - A service charge of $3.00 will be imposed every statement cycle if the balance in the account falls below $25.00 any day of the statement cycle. 

Fees - A per item fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer, or payment out of this account) in excess of three during a quarter. 

Account Closing Fee - A fee of $10.00 will be charged for any savings account closed within 90 days of opening.

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of Rate Changes - We may change the interest rate on your account at any time.

Determination of Rate - At our discretion, we may change the interest rate on your account.

Compounding and Frequency - Interest will not be compounded. Interest will be credited to your account every quarter.

Effect of Closing an Account - If you close your account before interest is credited; you will not receive the accrued interest.

Daily Balance Computation Method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations - Transfers from a minor savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per statement cycle.

Money Market Deposit Account

Minimum Deposit to Open Account - $2,500.00

Minimum Balance to Avoid Imposition of Fees - A service charge fee of $5.00 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $500.00.  the average daily balance is claculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle.

Fees - A fee of $5.00 will be charged for each check in excess of three during a statement cycle.

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of Rate Changes - We may change the interest rate on your account every month.

Determination of Rate - At our discretion, we may change the interest rate on your account.

Compounding and Crediting Frequency - Interest will not be compounded. Interest will be credited to your account every month.

Daily Balance Method - We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal int he account each day.

Effect of Closing an Account - If you close your account before interest is credited; you will not receive the accrued interest. 

Accrual of Interest on Noncash Deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations - Transfers from a Money Market Deposit Account to another account or to third parties by preauthorized automatic, telephone, or computer transfers are limited to six per statement cycle.

Direct Withdrawals - No restriction on the number or frequency of direct withdrawals, including transfers from the account to other accounts of the same depositor, when made by the depositor in person at the Bank or an automated teller machine (ATM), or by mail. The amount of each withdrawal may not be less than $100.00.

Statements - Descriptive statements will be furnished on a monthly basis on the date interest is paid. The actual checks, deposits and withdrawals WILL NOT be returned in the statement.

We now offer Mobile Deposit!

Search "Bank of the South" in your app store or tap below to download Bank of the South's goDough Mobile Banking App for iPhone and Android devices.

Main Office: 4410 West Fairfield Dr. Pensacola, FL 32506
Phone (850) 456-5722Fax (850) 456-0352
Pensacola Beach Office: 136 Ft. Pickens Road Pensacola Beach, FL 32561
Phone (850) 932-9336Fax (850) 932-7773
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Member FDIC, Equal Housing Lender

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