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BUSINESS ACCOUNT GUIDEWelcome to the family. WHAT TO EXPECT Conversion weekend: Important – Please Read The conversion of Oxford University Bank and Bank of Pontotoc to Guaranty Bank will take place during the weekend of September 20, 2024. Please review the timeline below for the transition activity. Friday, September 20, 2024 Saturday, September 21, 2024 Monday, September 23, 2024 The conversion process will begin at the close of business Friday afternoon. Oxford University Bank and Bank of Pontotoc will be closed. • ATMs will be in service for cash access only; deposit services will be unavailable. • OUB & BoP debit cards will be active; Reduced limits may apply, please plan transactions accordingly. • Online, Mobile, & Telephone Banking and Bill Pay will be offline and unavailable until conversion is complete. Conversion will be complete. You will have access to all your accounts and services at all 39 Guaranty Bank branches: 4 in Tennessee and 35 in Mississippi. Before the transition, it’s banking as usual Right now, there isn’t anything you need to do. Please continue to conduct your banking as you normally do, using your same account numbers, checks, debit cards, online and telephone access.Cash Management Suite Introducing your Your high-powered partner in commerce, our dedicated Cash Management Team can help you handle your business; big and small. These robust tools will help you check the boxes so you can get back to what you do best: good business. Positive PayRemote DepositACH Transfers Wire TransfersMerchant Services Sweeps Accounts To help prevent fraud, electronic payments and checks can be approved or rejected before they post to ensure only authorized, legitimate payments are posting. No more trips to the bank and waiting in line! With the Cash Management online portal, a specialized check scanner is used to capture check images and transmit them to for processing. Send and collect funds electronically to vendors and individuals. Guaranty Bank’s secure online banking site offers next-day and same-day delivery of funds. Available for domestic and international business transactions. Dual control is available for additional oversight and security. We offer credit card processing which allows your business to accept debit card and credit card payments online, on site, or on the go. Service provided by Ironwood. Allows you to consolidate excess cash to a designated account during nightly processing. Availabel for Lines of Credit and Insured Cash Sweeps. ACTION REQUIRED: Activate Business Debit Cards Monday, September 23 • When and How to Activate Your New Card – Activate your new VISA Business Debit card on Monday, September 23 , by calling 866-633-5293 from the phone number associated with your account. Please refer to the sticker on the front of the card. • Your New PIN – You will be asked to create a NEW VISA Debit card PIN when you call to activate your card. You will be able to choose your new PIN. • What to do With Your Old Card – On Monday, September 23, we advise you to destroy your old Debit card by cutting through the magnetic strip and the card number. For your security, it is best to throw the pieces away in different receptacles. • When to Use Your New Card – Effective Monday morning, September 23, you can begin using your NEW Guaranty Bank VISA Debit card. Your previous card will not work after Monday, September 23. Online Banking and Bill Pay • On Monday, September 23, your Online Banking and Bill Pay service will automatically transfer to Guaranty Bank. Your previous Online Banking and Bill Pay service will no longer be available after Friday, September 20. • You will continue using your existing Login ID for the Guaranty Bank online and mobile banking. • Your existing Bill Pay payees and scheduled and recurring payments that are in place on Friday, September 20, will automatically convert to Guaranty Bank’s service and continue as usual. • You will have access to transaction history for checking and savings accounts through the last bank statement date. • You will be able to access the last twelve months of bank statements within online banking. • All loan history will transfer back to the loan origination date. Solutions for Business Customers:Debit and ATM Cards You will receive a new Guaranty Bank Visa® Business Debit card with a new card number, activation instructions, and disclosure shortly before your accounts convert. Please do not activate or use your new Guaranty Bank Business Visa Debit card until Monday, September 23. Your business checking account number will remain the same at Guaranty Bank. Checks and Deposit Slips Continue using your current supply of checks and deposit slips for banking with OUB/ BoP until your supply is depleted. We will be glad to order you new checks after the conversion or when you run out. However, if you wish to continue to order checks through another provider, please provide Guaranty Bank’s ABA routing number 084202251 to ensure correct processing. Statements Checking, Savings and Money Market: Your final statement from Oxford University Bank and/or Bank of Pontotoc will include all activity from your last statement, and any interest posted to your accounts, through Friday, September 20. Your next statement will be from Guaranty Bank and will include all activity from Saturday, September 21 forward. If you currently receive a combined statement, you will continue to receive a combined statement after conversion. You will receive images of the front of your paid and cancelled checks with your checking and money market account statements after conversion. There may be a delay in reciept of your historical statements post conversion. It is recommended you download any historical statements you may need prior to September 20, 2024. About Your New Business Account Cutting-edge meets community focused for business Scan the code to learn more about our solutions for businesses, big and small. Incoming Wire Transfers As of Monday, September 23 please follow the wire transfer instructions below. Domestic Wires: For wires originating within the United States, please send to: Guaranty Bank, 210 N. Hayden Street, Belzoni, MS, 39038, USA, ABA Routing Number 084202251 . Please include the accountholder name and account number of the beneficiary at Guaranty Bank with wire transfer instructions. International Wires Sent Via SWIFT in US Dollars: Guaranty Bank’s Correspondent Bank is: First National Bankers Bank, 300 Concourse Blvd., Suite 100, Ridgeland, MS 39157 using Swift Code FRNAUS44. Please indicate further credit for Guaranty Bank, ABA Routing Number 084202251 . Please include the accountholder name and account number of the beneficiary at Guaranty Bank with wire transfer instructions. Outgoing Wire Transfers If you are a business owner who sends wire transfers, you can utilize our online banking platform to initiate domestic and international wires. Contact our Cash Management team for more information. Some restrictions may apply to certain incoming and outgoing wire transfers. Fees apply. To help make the transition of your accounts as seamless as possible, any incoming and outgoing electronic payments you have processed through your previous checking account will transfer automatically to your Guaranty Bank checking account. To aid in this transition, and to ensure uninterrupted service, Guaranty Bank will notify agencies, organizations and other third parties from whom you receive or send electronic payments. We will provide them with a notice of change to Guaranty Bank’s ABA routing number 084202251. There should be no action required by you to affect the transfer of your checking and/or savings account electronic payments to Guaranty Bank. If you wish, you may follow up directly with third parties to ensure the change is made in a timely manner. Account statements are dispersed at the end of the month. Electronic Payments - ACH OnlyIf your OUB account is: Your new Guaranty Bank account will be: There will be no scheduled service charge when: Otherwise, your service charge each month will be: Important features of your new account: Business Checking Edge Checking You maintain a minimum daily balance of $2,500 or more $14 Or $12 by receiving your monthly bank statements via e-mail • Online Banking with Online Bill Pay • Online Statements • Images of Checks and Deposits • Cash Management Services Available Business Interest Checking Business Checking with Interest You maintain a minimum daily balance of $1,000 $12 Or $10 by receiving your monthly bank statements via e-mail • Earns interest • Online Banking • Online Bill Pay • Online Statements • Images of Checks and Deposits • Cash Management Services Available Business Money Market Commercial Money Market You maintain a minimum daily balance of $2,500 or more $10 • Competitive Interest Rate • Unlimited over-the-counter withdrawals; Up to 6 third- party transfers per statement cycle; $5 fee for each debit beyond 6 • Monthly compounded and deposited monthly based on the entire balance of $1,000 of more NEW ACCOUNT NOW AVAILABLE FOR NONPROFITS Civic Checking You receive your monthly bank statement via e-mail Or Maintain a minimum balance of $1,000 or more $2 • Online Banking with Online Bill Pay • Online Statements with Images of Checks and Deposits BUSINESS ACCOUNTS TRANSFER GUIDE Effective September 23, 2024CDs, IRAs, Credit Cards and Loans Guaranty Bank will honor your existing CD and IRA rates and terms through the first maturity date after the conversion. Prior to maturity, we will mail you a renewal notice setting forth the terms of your renewed Guaranty Bank CD or IRA. CD & IRA Certificates of Deposit and Individual Retirement Accounts You can continue using your OUB and BoP credit cards. You will receive communications from the card issuer about the status of your credit card and may be issued a non-OUB or BoP branded card in the future. Credit Cards Rest assured; your loan remains unchanged. The interest rate, due and maturity dates, and the payment plan of your loan will all stay the same. Loans If you would like to open a Guaranty Bank credit card you may complete an application and learn about our rewards program, safety features, and benefits by scanning the QR code. Next >