Truth in Savings Disclosure - Regular Savings

Federal regulations impose certain withdrawal limitations on Regular Savings Accounts. You are not permitted to make more than six (6) preauthorized transfers, automatic or telephonic transfers, or withdrawals from a Regular Savings Account per statement period. “Telephonic” transfers or withdrawals include those made through an automated phone system, an online banking service, or personal computer. No more than three (3) of the six (6) preauthorized transfers may be made 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 or transfers 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 opening is subject to approval.

Truth in Savings Disclosure - Regular Savings

To avoid an $18 per month service fee, Prime Checking accounts require at least one (1) of the following:

   – $2,500 combined daily balance in deposits
   – $10,000 minimum in combined credit balances (excludes credit cards)
   – $10,000 minimum in combined deposit/loan balances
   – Obtain and maintain an account with Southern Investment Services