About
BankSouth is a regional community bank that provides a variety of financial services to individuals and businesses in Georgia and South Carolina. The bank's offerings include personal banking services, such as checking and savings accounts, as well as loan products like mortgages, home equity loans, and personal loans. Additionally, BankSouth provides business banking solutions such as merchant services, remote deposit capture, and online banking services.
BankSouth prides itself on delivering personalized service to its customers and being an active participant in the communities it serves. The bank supports local organizations through charitable giving and encourages its employees to volunteer their time and talents to make a positive impact in the community.
Overall, BankSouth is dedicated to helping its customers achieve their financial goals and providing top-notch customer service.
Key Features
Some key features of BankSouth include:
- Personalized Service. The financial institution is committed to delivering personalized service to its customers, with a focus on building strong, long-lasting relationships.
- Diverse Product Offerings. The bank offers a wide range of personal and business banking products and services, including checking and savings accounts, loans, mortgages, and investment services.
- Online and Mobile Banking. BankSouth provides online and mobile banking services, allowing customers to access their accounts and manage their finances from anywhere.
- Community Involvement. The bank is actively involved in the communities it serves, supporting local organizations through charitable giving and encouraging employee volunteerism.
- Expertise and Experience. BankSouth has a team of experienced professionals who are knowledgeable about the financial needs of their customers and can provide tailored solutions to meet those needs.
- Convenience. With multiple branch locations throughout Georgia and South Carolina, customers are provided with convenient access to their banking services.
Requirements
To open an account with BankSouth, you will typically need to provide the following information and documents:
- Personal Information. This includes your full name, address, date of birth, and Social Security number or Tax Identification Number (TIN).
- Identification. You will need to present a government-issued ID, such as a driver's license, passport, or state ID card.
- Employment and Income Information. You may need to provide information about your employment status, including your employer's name and contact information. You may also need to provide proof of income, such as recent pay stubs or tax returns.
- Initial Deposit. You will need to make an initial deposit to open your account. The amount required may vary depending on the type of account you are opening.
- Additional Information. Depending on the type of account you are opening, you may need to provide additional information or documentation, such as a business license or partnership agreement for a business account.
It's important to note that the specific requirements may vary depending on the type of account you are opening and the state in which you are opening it. This is always a good idea to contact the bank directly to confirm the necessary requirements before attempting to open an account.
Access on the Go
BankSouth provides its customers with access to their banking services on the go through its online and mobile banking platforms.
With BankSouth's online banking platform, customers can manage their accounts, view transaction history, pay bills, transfer funds, and even apply for loans from their computer or tablet. The online banking platform is secure and easy to use, and customers can access it 24/7.
In addition to online banking, the bank also offers a mobile banking app, available for iOS and Android devices. The app allows customers to view account balances, transfer funds, pay bills, deposit checks, and even locate nearby ATMs and branch locations. The mobile banking app is free to download and can be accessed using the same login credentials as the online banking platform.
Overall, BankSouth's online and mobile banking platforms provide customers with a convenient and secure way to manage their finances on the go, no matter where they are.
Products and Services
BankSouth offers a variety of personal and business banking products and services, as well as investment and insurance services. Here is a more detailed overview of the products and services provided by the bank:
Personal Banking:
- Checking Accounts. A range of checking account options is designed to meet customers' specific needs, from basic accounts to interest-bearing accounts with added benefits.
- Savings Accounts.They include statement savings, money market accounts, and certificates of deposit (CDs).
- Loans. BankSouth offers personal loans for a variety of needs, including auto loans, home improvement loans, and debt consolidation loans.
- Mortgages. Customers are provided with various mortgage options for purchasing or refinancing a home, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo loans.
- Home Equity Loans and Lines of Credit. They allow customers to borrow against the equity in their home for large expenses or to consolidate debt.
- Credit Cards. The financial institution provides credit card options with competitive rates and rewards programs.
- Online and Mobile Banking. Convenient online and mobile banking options allow customers to manage their accounts, pay bills, and more, from anywhere.
Business Banking:
- Checking Accounts. BankSouth provides several checking account options for businesses of all sizes.
- Savings Accounts. Customers are offered business savings accounts, money market accounts, and CDs to help businesses save and earn interest on their funds.
- Loans. A variety of business loan options includes SBA loans, commercial real estate loans, equipment financing, and lines of credit.
- Online Banking and Bill Pay. BankSouth offers online banking and bill pay services to help businesses manage their finances efficiently and securely.
- Cash Management Services. They help businesses streamline their cash flow and improve efficiency.
- Treasury Management Services. They help businesses manage their cash, payments, and receipts more effectively.
Investment and Insurance Services:
- Retirement Planning. BankSouth provides investment advisory services and retirement planning options to help customers plan for their future.
- Investment Management. These services help customers grow and manage their wealth.
- Insurance Products. The options include life insurance, long-term care insurance, and disability insurance.
Overall, BankSouth offers a comprehensive suite of financial products and services to meet the needs of individuals and businesses alike. They pride themselves on providing personalized service and building long-term relationships with their customers.
Which associations does BankSouth belong to?
BankSouth is a member of several banking and financial associations, including:
- Federal Deposit Insurance Corporation (FDIC). BankSouth is FDIC-insured, which means that customers' deposits are insured up to the maximum allowed by law.
- Independent Community Bankers of America (ICBA). BankSouth is a member of ICBA, a national trade association that represents community banks across the country.
- Georgia Bankers Association (GBA). The bank is a member of GBA, which represents banks and banking institutions throughout Georgia.
- Mortgage Bankers Association (MBA). BankSouth is a member of MBA, a national association representing the real estate finance industry.
- National Association of Home Builders (NAHB). The financial institution is a member of NAHB, a trade association that represents the home building industry.
By being a part of these associations, BankSouth is able to stay up-to-date on the latest industry trends and best practices, as well as have access to resources and tools that can help them better serve their customers.
