Personal Checking Options

 

Smell The Flowers. At Panola National Bank we offer a comprehensive range of personal checking accounts.  Each account has different features which are categorized below.  This will assist you in deciding which account best fits yours needs.

For more detailed information and for more assistance in selecting an account, we invite you to contact any of our new accounts representatives to further assist you.

Personal Banking 

 

Kasasa Cash Back Rewards Account

 

Earn 3.00% cash back on debit card purchases *

Cash back earned on up to $300 in purchases monthly.

Earn up to $108 cash back per year, $9 per month.

Earn refunds on ATM withdrawal fees, up to $25 per month *

Minimum opening deposit of $100.

The following transactions and activities must post and settle to your account during each monthly qualification cycle:

  • At least 12 debit card purchases (minimum of $2 each) posted and settled
  • Login to online banking to receive e-statements at least once

 

Kasasa Cash Back - Truth In Savings Disclosure
This disclosure contains the rules that govern your deposit account as of August 27th, 2018.
Account Overview:
Kasasa Cash Back: A free variable reward checking account with no minimum balance that rewards accountholders with cash back on their PIN based and signature based debit card purchases, and nationwide ATM withdrawal fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycle.
Purpose and Expected Use of Account
This account is intended to be the accountholder's primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards.
Panola National Bank reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over six consecutive Statement Cycles. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Panola National Bank check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Kasasa Cash Back account, any optional add-on products / services associated with this account will also be terminated at the same time.
Qualification Information:
To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least ONE direct deposit, ACH credit, or ACH payment transaction
  • At least TWELVE PIN based or signature based debit card purchases, each greater than $2.00
  • Be enrolled in and log into online banking

For clarity, in order to count as a qualifying transaction for the purpose of earning the account's rewards, PIN based or signature based debit card purchases must be at least $2.00. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, PIN based or signature based debit card purchases less than $2.00, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. "Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions. "Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day. "Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account.
Reward Information:
When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 3.00% cash back on up to a total of $300.00 in PIN based or signature based debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back payments may be earned per Monthly Qualification Cycle. You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. When your Kasasa Cash Back account qualifications are not met, no cash back payments are made and ATM withdrawal fees are not refunded. Cash back payments and nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Cash Back account on the last day of the current statement cycle. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. You will automatically qualify for the account's rewards during your account's first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.
Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $100.00 minimum deposit is required to open the account. Enrollment in E-Statements are conditions of this account. See accompanying schedule of Consumer Fees and Charges for fees that may apply to this account. Enrollment in electronic services (e.g. online banking) and log-ons may be required to meet some of the account's qualifications. Limit of ONE account per Social Security Number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

 

Regular Checking Account

 

$250.00 Minimum Opening Balance

Minimum Balance Maintenance Fee
Over $500.00 No Charge
Below $499.99  $10.00

Unlimited check writing.

Statements mailed monthly.

Available to individuals for personal and household use. 

 

When you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. These requirements are required by the USA Patriot Act. It is intended to help fight the funding of terrorism, money laundering activities, and other attempts to use our country's financial systems for illegal purposes. It is also designed to help protect you from identity theft. 

For additional disclosures, see a New Account Representative.

 

Now Checking Account

 

$1,500.00 Minimum Opening Balance
Interest is calculated on the daily balance method and credited monthly. Available to individuals and sole proprietorships.
Prohibited for profit-making corporations and partnerships.

Minimum Balance Maintenance Fee
Over $1,500.00 No Charge
Below $1,499.99 $15.00

Unlimited check writing.

Statements mailed monthly.

Rates may change  at our discretion.

 

For the annual percentage yield (APY), interest rates and additional disclosures, see a New Account Representative.

Super Now Checking Account

 

$2,500.00 Minimum Opening Balance
Interest is calculated on the daily balance method and credited monthly. Rates may change at our discretion. If balance falls below $2,500.00 a rate equal to passbook savings will be paid until the account balance is restored to $2,500.00. If the balance falls below $1,500.00, no interest will be paid until the balance is restored to $1,500.00.

Available to individuals and sole proprietorships.

Prohibited for profit-making corporations and partnerships.

Minimum Balance Maintenance Fee
Over $2,500.00 No Charge
Below $2,499.99 $15.00

Unlimited check writing.

Statements mailed monthly.

 

For the annual percentage yield (APY), interest rates and additional disclosures, see a New Account Representative.

 

Club Checking Account

 

May be combined with any personal checking account.

Not available for Business Accounts.

No Minimum Balance required.

Regular Club Checking ........ $10.00 Club Fee
Family Club Checking ........... $15.00 Club Fee

120 Club Checks per year at no charge.

 

For additional Club benefits see a New Account Representative.

 

Priority 55 Club Account

 

$500.00 Minimum Opening Balance
Interest is calculated on the daily balance method and credited monthly.

Rates may change at our discretion.

If balance falls below $500.00 no interest will be paid until the balance is restored to $500.00.

Minimum Balance Maintenance Fee
Over $500.00 No Charge
Below $499.99 $5.00

Unlimited check writing.

Statements mailed monthly.


$5,000.00 Accidental Death Insurance per account.

Notary Service at no charge.

120 Club checks per year at no charge.

 

For the annual percentage yield (APY), interest rates and additional disclosures, see a New Account Representative.