If you are a Texan who is looking for a low-cost local bank that meets your needs and has competitive interest rates, then Southside Bank maybe the bank you are looking for. This reputable bank has served thousands of customers in Texas for over half a century. Southside offers both individual and business customers banking services. The bank also deals with mortgage lending, wealth management, and investment planning. It is an excellent choice for people who are looking to open a checking account. There are eight different checking accounts, including specialty accounts for teenagers and veterans.
What Is Southside Bank?
Southside Bank is a Texas-based financial institution that has been in business for over 60 years. The bank markets itself as a community bank and its lack of expansion ambitions beyond the borders of Texas is evidence of its community-focused philosophy. This bank has branches in parts of eastern, central, northern, and southern areas of the Lone Star State. This bank manages customer assets valued at over $6.37 billion and it has a large ATM network in Texas. Southside customers' deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
Southside Bank Products
Southside offers a varied portfolio of retail and business account types. The savings accounts offer competitive APY rates as long as the minimum deposit requirement is met. The bank charges no fees. Some low-interest accounts and HSAs are also available without deposit requirements. The bank also offers Money Market Accounts (MMA) to customers willing to deposit large amounts of money. Customers can link some MMAs with their checking accounts.
Southside Bank Advantage Investment Money Market Account
The Southside Bank Advantage Investment Money Market Account has a minimum deposit of $50. You can access this account through the bank's branches, ATMs, and using the bank's mobile and online banking tools. The account charges a $10 monthly service fee. The fee can be waived if you maintain a balance over $1,000. Current interest rates for this account are as follows:
Southside offers eight different checking account. These accounts are perhaps the best product from the bank. Most of these accounts have no fees apart from the transaction fees that may be charged if you exceed the allowed free transactions per month. The bank's interesting-bearing options have very competitive rates.
Certificates Of Deposit Accounts And IRAs
The bank also offers Certificate of Deposit (CD) and Individual Retirement Accounts (IRA). The bank has several CD offers. The yields vary depending on the length of time you will leave your money with the bank. The bank allows a minimum deposit of $25,000 for its Certificate of Deposit and Individual Retirement Accounts. You can access your money for these accounts through the bank's branches, online, or through the mobile app. The CD accounts from this bank charge no fees.
The current yields from Southside Bank's CD account are:
The bank's IRAs have terms and yields similar to those of the bank's Certificate of Deposits.
Credit and Debit Cards
Southside account holders receive a MasterCard debit card that can be used at ATMs and at select retailers. The bank uses EMV chips and offers MasterCard's ID Theft Protection tool. In addition, the bank issues a wide variety of credit cards.
Southside Bank Fees
The bank has an impressive selection of competitive checking and business accounts. There are no monthly fees for Southside Bank's checking account and the accounts don't have a lot of requirements either. The bank will charge $0.25 for each transaction for checking accounts but allows 253 free transactions per month. Incoming domestic wire transfers cost $7.00 for Southside account holders. Non-customers pay $25.00 to receive their domestic wire transfer at Southside. Outgoing domestic wire transfers cost $22.00, while repetitive outgoing wire transfers incur a charge of $12.00 for each. Outgoing International transfers cost $52.50 to process.
Cash deposits incur a fee of $0.10 after the 10 “rolls of coin” free monthly deposits. Overdraft fees are processed at $30 each. While it is free to use Southside Bank ATMs, using other ATMs in the AllPoint Network will cost you $0.75 for balance inquiries and $1.5 for withdrawals.
South State Bank Other Services
Other services offered by Southside Bank include:
Locations & Branches
Southside Bank is headquartered in Tyler, Texas. It operates exclusively in Texas and currently has 70 branches. The bank, however, is also part of the Allpoint ATM Network which has 50,000 ATMs scattered all over the US. You can access these ATMs in every state and you can find them at Target, Walgreens, Costco, and more stores.
The bank has ATMs and branches in the following cities:
How To Open A Southside Bank Account
Southside accepts both online and in-person account applications. When using the online option, click or tap on the “Open Now” menu on top of the bank website. Be sure to keep your social security number, government-issued identification, and the minimum deposit on hand when opening the account online. You will need to scan and upload PDF documents. You can apply in person at any of the bank's branches.
Mobile App & Online Banking
Southside offers online banking, mobile apps, and banking by text. If you enroll for online banking, you can view your transaction history, account balance, make inter-account money transfers, set up automatic bill payment, and process domestic and international wire transfers.
The bank has Android and iOS mobile apps. The bank's apps get average reviews from most customers. The mobile app offers many of the same features as online banking but you cannot use the app to locate branches or ATMs for remote check deposits. Customers can use the text banking option too.
Southside's website offers a list with the different codes for text banking. You can send these to the bank by text to initiate the transaction or service. For example, you could text BAL to receive a text with your account balance and XFER to order a transfer between your different accounts.
Southside Bank Login
New members to online banking at Southside Bank enroll by clicking on the “Enroll Now” menu on top of the bank's bank's website. The bank will issue users with a username and a temporary password. To log in to your online account for the first time, you need to go to the homepage of Southside Bank. Enter your username and password and click on login. It will prompt you to change your password your first time logging in. You can access your transaction summary in your online account.
In addition to viewing your account summary, the bank's online banking service enables customers to do a number of things.. You can do both inter-account and external bank transfers using your Southside Bank online account. In addition. You can set and cancel recurring payments online.
Other services you can access through online banking include:
Southside Bank Mobile Apps
Southside Bank has IOS and Android mobile apps. You can use these apps to access your finances 24/7. You can download the Southside Bank mobile app in the Apple store or Google Play Store to activate mobile banking.
Some of the transactions you can access through the bank's mobile app include:
The Southside Bank has a long history of serving people in Texas. There are many banking services with generous interest rates that make the bank a wise choice for people looking for an interest-bearing checking account, money market account or individual retirement account.
The bank's online banking and mobile banking services enable you to do most of the banking chores you would otherwise do at the bank's branch or ATM. Southside's online banking offers a wide variety of actions and services including viewing account summaries and histories, transferring money, ordering checks, mobile deposits, and setting alerts. You can find many Southside Bank ATMs all over Texas, but there are an additional 55,000 ATMs that are part of the Allpoint Network. Members will be able to bank with ease no matter where they are.