Southern Bank Alton Mo (2024)

FAQs

What is the mobile deposit limit for Southern Bank? ›

$25,000, 30-Day Limit of 40 transactions or $50,000. HOW AM I NOTIFIED THAT MY DEPOSIT HAS BEEN MADE? You may choose to receive a deposit notification via email when your deposit is submitted. The deposit will be subject to verification and the bank's funds availability schedule.

Please notify us if you believe there are incorrect charges on your account. We must be notified within 60 days of the statement date that shows the error. You can open a dispute by calling us at 855-452-7272. A customer service representative will connect you with our Cardholder Services Department.

Once you've set up your Southern Bank personal Online Banking account, you can download and use the Southern Bank Personal mobile app for your smartphone or smart device. Simply log in using the online banking username and password that you have already set up. Then you're ready to start banking your way!

When you first get access to Mobile Check Deposit, you can deposit up to $2,000 in individual checks, and up to $10,000 in total checks each month. Your limits apply to both personal and U.S. Treasury checks, although tax refund checks have no limit.

Most banks have flexible policies on how much you can deposit. If you plan to deposit more than $10,000 at a bank, remember that the transaction will be reported to the federal government. This enables authorities to track potentially suspicious activity that may indicate money laundering or terrorist activity.

Did a scammer make an unauthorized transfer from your bank account? Contact your bank and tell them it was an unauthorized debit or withdrawal. Ask them to reverse the transaction and give you your money back.

A chargeback is a forced payment reversal initiated by the cardholder's issuing bank, which takes money from the merchant and gives it back to the cardholder. Under the Fair Credit Billing Act of 1974, all payment card issuers must offer a chargeback process to remedy fraud and abuse.

In most cases, the cardholder receives the funds for a dispute as soon as they initiate it with their issuer, but it's hard to set reliable expectations around this.

Moment with Zelle. Introducing Zelle — a fast, safe and easy way to send money in minutes¹ to friends, family and others you trust, right from the Southern Bank mobile app. Zelle makes it easy to send money to, or receive money from, people you trust with a bank account in the U.S. Find Zelle in your Southern Bank app.

What bank is routing number 053102586? ›

The bank routing number for Southern Bank is 053102586.

Southern Bank offers fixed rate certificate of deposit (CDs) for guaranteed earnings. Secure an even higher rate by selecting a longer term. Open a certificate for as little as $1,000 and choose from our wide range of terms available today.

Though the amount you want to save may vary based on your living expenses, the number of dependents you have, and risk tolerance, aim to put away one to two months' worth of living expenses in a checking account and an additional two to four months in a savings account.

Not necessarily. Money in a checking account is easy to access, and keeping balances above the bare minimum can help you avoid monthly maintenance fees. But having a bloated checking account means you're missing out on higher returns in a savings or retirement account.

Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.

Your check image was not clear. Your check exceeded the daily limit of $15,000. Your check was a duplicate deposit. Your check was not endorsed.

All items deposited via Mobile Deposit are subject to Bank review and/or approval. Deposits to personal accounts are limited to 3 items with a total deposit of $3,000.00 per day, with a monthly limit of 25 items with a total deposit of $10,000.00 per month.

Otherwise, the daily limit is $1,000. “Mobile check deposit limits are set to reduce the risk of fraudulent checks being deposited,” says Urjit Patel, chief operating officer of Education First Federal Credit Union.

Now you can deposit a check from your mobile phone or device when using your Mobile Banking App. You may deposit up to $2,500.00 per check; up to $5,000.00 per day using this service - without having to make a trip to the bank.