Commercial Insured Money Market Savings is a commercial analysis account, which means that the account is charged a service charge on analysis basis. This method of determining service charges takes into consideration account balance and account activity.
Federal regulations impose certain withdrawal limitations on Money Market Savings Accounts. You are not permitted to make more than six (6) preauthorized transfers, automatic or telephonic transfers or withdrawals from a Money Market Savings Account per statement period. "Telephonic" transfers or withdrawals include those made through a phone system, an online banking service, or personal computer. No more than three (3) of the six (6) may be payments by check, draft, debit card, or similar order payable to a third party. There is an additional charge for excessive transfers or withdrawals. You may make unlimited withdrawals in person or through an ATM (non-Southern Bank ATM fees will apply). We are required by law to close or change your account if you repeatedly exceed these limits.
Account is subject to approval.
We have become aware of new fraud attempts that are targeting customers of multiple Financial Institutions. In this particular scenario, the perpetrators are sending text messages or placing a phone call that indicates there is a problem that requires your immediate attention. Please do not respond to these types of requests.
As a reminder, Southern Bank will never text you, email you or call you and request you provide us with your personal account information, including Debit Card or PIN numbers. If you have received a text or call like this recently, and called and provided your information, please contact us at 855-275-7226 to talk with a Southern Bank Customer Care associate.×