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Southern Commerce Bank Savings Account Review
Southern Commerce bank savings account review 2024: fees, APR/APY interest rates/high yields. New client promotions, service.
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Southern Commerce Bank, N.A. (National Association)
With its main operating facility being located in Tampa, Florida, Southern Commerce Bank is an FDIC (Federal Deposit Insurance Corporation) banking intuition that was founded in 1987. For over twenty-six years, Southern Commerce Bank has offered financial services to their customers in eleven various locations through-out Florida. Seven of these locations are located inside of Wal-Mart Supercenters and the other four are traditional style banks.
Southern Commerce Bank is owned by the Dickinson Financial Corporation which is a group of financial institutes located in many states across the U.S. As a part of the Dickinson Financial Corporation group, the following branches are included; Sunbank N.A. in Arizona, Academy Bank N.A. in Colorado and Academy Bank, a division of Armed Force Bank, in Missouri and Kansas. Also, the Dickinson Financial Corporation’s Armed Force branch is located on several military bases across seventeen states in the U.S.
General bank information pertaining to Southern Commerce
With approximately $.08 billion in assets, the top three loan types in the portfolio of Southern Commerce Bank are as follows; Small Business Loans, Commercial Real Estate Loans and 1-4 Family Residential Loans. Southern Commerce also offers to their customers car loans and mortgage refinancing.
The Texas ratio of Southern Commerce Bank is 13.91% in comparisons to the United States banking average of 15.31% (a Texas ratio is the percentage of loans at risk vs. the amount of owned assets/real estate).
Account types and services provided by Southern Commerce
Listed below are the account types, and services, provided by Southern Commerce to their customers while fulfilling their promise to follow their pledge (previously stated);
- Savings Accounts
- Checking Accounts
- Money Market Accounts
- Check Cashing Services
- Wire Transfer Services
- Personal Loans
- Credit Cards
- Home Equity Lines of Credit
- Residential Mortgages
- Business Loans
- Business Accounts
Benefits of becoming a Southern Commerce customer
Southern Commerce offers their customers checking, savings, business and money marketing accounts with minimal deposits as low as $0.00 to open. Accounts can be opened over the phone, online or by stopping by one of their eleven locations. When making the choice to open an account with Southern Commerce, there are a variety of styles created to fit your individual needs.
When opening a checking account with Southern Commerce, customers will receive the following benefits:
- No monthly service charge
- No minimum balance required
- Overdraft protection
- Free online and mobile banking
- Free (Visa) debit card for use at ATM’s world-wide
- Free e.statements and e.alerts (for those who sign-up for online, and or, mobile banking)
When opening a savings account with Southern Commerce, customers will receive the following benefits:
- No monthly service charge with a $100.00 minimal balance
- Interest earned on the entire savings balance
- Interest that is compounded into your account on a quarterly basis
- First six transfers, per month, from savings to checking are free ($7 each transfer thereafter)
Other services provided to Southern Commerce customers include online banking and mobile banking. These two services are highly beneficial as it allows ease of access to personal, business or saving accounts as well as instant check depositing and wire transfers from one account to another.
Using Southern Commerce’s online and mobile banking services
By using Southern Commerce’s online banking services, customers have the ability to check their account balance(s) within a matter of seconds, arrange for automatic bill pay and browse current and previous bank statements. For many, this eliminates the need for maintaining a check book and allows for their bills to be paid on time; therefore, avoiding late fees and decreasing minor mathematical errors.
The mobile banking service provided by Southern Commerce is another one of their beneficial features. Customers are provided with the ability to deposit checks via the means of capturing an images as well as the following other services; instant bill pay, online purchasing, request a stop payment and search for Southern Commerce ATM and branch locations.
For further information pertaining to the account types and services provided by Southern Commerce Bank, a division of the Dickinson Financial Corporation, please visit their website at the following address: https://www.sc-bank.com/.
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