Products & Services

Services | Deposit Products | Loan Products

Services

Online Banking 

Bill Payment 

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Visa® CHECKCard 

Accepted wherever you see the familiar VISA® symbol, you can use the Visa CHECKcard as easily as writing a personal check in your hometown.
There is no monthly charge or annual fee.
Risk is limited due to the PIN control options in addition to the required activation of your card.
Safer than carrying a lot of cash.
Purchases are detailed on your monthly account statements for your record keeping, and sales receipts are provided for transaction amount verification. 

In case your card is lost or stolen please call one of the following numbers:
To report a lost or stolen card during banking hours call 662-562-1000 and one of Sycamore Bank's bookkeepers will be glad to assist you.
To report a lost or stolen card outside of banking hours call 1-877-300-3509. Once you select the prompt to report the card you will be asked to key in your card number. If you don't have your card number (which you probably won't since the card was lost or stolen) you just don't enter anything. You will then be asked to hold for a customer service representative, who will take your information.

ATM Cards 

Access your account from automated teller machines. Check your balances, transfer or deposit funds. 

In case your card is lost or stolen please call one of the following numbers:
To report a lost or stolen card during banking hours call 662-562-1000 and one of Sycamore Bank's bookkeepers will be glad to assist you.
To report a lost or stolen card outside of banking hours call 1-877-300-3509. Once you select the prompt to report the card you will be asked to key in your card number. If you don't have your card number (which you probably won't since the card was lost or stolen) you just don't enter anything. You will then be asked to hold for a customer service representative, who will take your information.

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TellerPhone 24 

Just call 560-0124 and follow the voice prompts. Our telephone banking service provides your account information for you when you need it.
The toll free number for TellerPhone 24 is 877-560-0124.

Drive Thru Banking

All of our branches have drive thru banking windows for your convenience. The hours for the drive thru windows are the same as the hours for each branch where the drive thru window is located. For your Saturday banking needs, the drive thru windows at our Main Office, located at 301 E. Main in Senatobia, are open on Saturdays from 9:00 a.m. to 1:00 p.m.

Direct Deposit

This free service provides you with the security of knowing that your paycheck, Social Security check or pension check has been safely deposited into your checking or savings account.

Automated Clearing House (ACH)

For your payroll and Social Security direct deposit, ACH provides convenience and security. Recurring payments, such as insurance premiums and other recurring amounts at designated intervals, are commonly processed through ACH. This method of moving funds from an account at one institution to an account at another institution provides a safe and automated method for your funds.

We can originate payroll for your business. For information regarding this service you may contact Marilyn Taylor at 662-562-1000 or email us at info@sycamorebank.com.

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Automatic Transfers

If you need a convenient way to transfer funds between accounts on a scheduled basis, you may contact us to make arrangements for this service.

Bank By Mail

We provide bank by mail envelopes at no charge for customers who enjoy the convenience of banking by mail.

Night Depository

All of our branches have a night depository for your use at any time, and adequate lighting is provided for your security concerns.

Travelers Cheques

You may purchase Travelers Cheques during banking hours. These checks provide a safe and easy way to carry funds wherever you go.

Cashier’s Checks and Money Orders

You may purchase these instruments during banking hours, if you need a secure way to provide for the handling of collected funds.

Wire Transfers

For the transfer of funds in a safe and confidential environment we initiate and receive domestic and foreign wire transfers electronically.

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Safe Deposit Boxes

For the safekeeping of your personal possessions you may rent a safe deposit box. We have various sizes available. The contents of safe deposit boxes are not insured.

Merchant Card Processing

Equipment is available for the acceptance and payment of credit card transactions by credit or debit. Services include the deposit of credit card sales, merchant statements and supplies.

Federal Tax Deposit Service

We offer the service of reporting your Federal Tax Deposits.

Savings Bonds

You may purchase U. S. savings bonds during banking hours.

Notary Services

We provide the services of a notary public at every branch.

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Deposit Products

Sycamore Bank has a variety of accounts designed to provide for the needs of our customers. Select the financial product that meets your individual specifications.

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Ask us about 5 Star Checking enhancement!

Free Checking

$25 to open
Free from monthly service charge
Free from any minimum balance
Free unlimited check writing

Regular Checking

$25 to open
If balance falls below $500, the monthly service charge is $5.00
No minimum balance required to earn interest

50 STAR Checking

A club account for members 50 years of age or older
$25 to open
No minimum average daily balance required to obtain interest
If average daily balance falls below $400.00, there is a $6.00 service charge

Club Benefits:

Up to 400 free club checks per year
$100,000 Accidental Death & Dismemberment Insurance (Common Carrier only)
Key ring registration
Credit card registration
90 Day extended warranty
Travel and entertainment savings
Trip Routing

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NOW Account

$25 to open
If the average daily balance falls below $l,000 there will be an $8.00 service charge
No minimum balance required to obtain interest

Super Now Account

A tiered interest account
$25 to open
If the average daily balance falls below $2,000 there will be a $10.00 service charge
No minimum balance required to obtain interest

Money Market Account

A tiered interest account
$25 to open
If the average daily balance falls below $1,000 there is an $8.00 service charge
No minimum balance required to obtain interest
Transfers limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.

Regular Savings Account

$25 to open
If the balance falls below $25.00 any day of the quarter, there will be a low balance fee of $3.00
Withdrawals are limited to six per statement cycle
A service charge of $2.00 will be charged for each withdrawal in excess of three during a statement cycle.

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Small Business Checking

$100 to open
No monthly service charge if total transactions (debits, credits, and items deposited) are not more than 20 in the statement cycle. A service charge of $9.00 will be imposed each monthly statement cycle the minimum balance in the account is less than $2000 and the number of transactions exceeds 20.
Fees: 100 debit items free each monthly statement cycle. All excess debits are $.20 each.
All excess items deposited are $.10 each Activity fees apply regardless of balance

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Commercial Checking

$100 to open
Fees: A monthly maintenance fee of $7.00 is levied per statement cycle plus $.12 per debit item and $.07 per item deposited.
Minimum balance to offset fees: An earnings credit equal to the bank’s 30 day certificate of deposit rate is applied the last day of the statement cycle to the average daily balance in the account to offset fees. For purposes of the earnings credit, cash and items deposited that are drawn on Sycamore Bank receive immediate credit, all other items receive credit no later than the business day we receive credit.

Non-Personal Now Account

$100 to open
A service charge fee of $10.00 will be imposed each monthly statement cycle the minimum balance in the account falls below $2,000.
No minimum balance required to obtain interest
Fees: 100 debit items (checks, etc.) free each statement cycle. All excess debits are $.20 each
150 items deposited free each statement cycle. All excess items are $.10 each

Activity fees apply regardless of balance

Non-Personal Super Now Account

A tiered interest account
$100.00 to open
No minimum balance required to obtain interest
A service charge fee of $10.00 will be imposed each monthly statement cycle the minimum balance in the account is less than $5,000.
Fees: 100 debit items (checks, etc.) free each statement cycle. All excess debits are $.20 each
150 items deposited free each statement cycle. All excess items are $.10 each

Activity fees apply regardless of balance

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Non-Personal Money Market Account

A tiered interest account
$100 to open
No minimum balance required to obtain interest
A service charge fee of $8.00 will be imposed each monthly statement cycle the minimum balance in the account falls below $1,000.

Transactions limitations and fees – Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties. Excess items are $5.00. Up to 100 items per statement cycle may be deposited without a fee. All excess items deposited are $.07 each. Excess transaction and deposit fees apply regardless of balance.

Non-Personal Savings Account

$100 to open
A service charge of $3.00 will be imposed every quarter the balance in the account falls below $25.00 any day of the quarter.

Transactions limitations and fees – Transfers from a Non-Personal Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by debit card or similar order to third parties. Excess items are $5 each. A fee of $2.00 will be charged for each withdrawal in excess of three during a statement cycle. A maximum of 100 items can be deposited free each statement cycle. All excess items deposited are $.07 each. Excess transaction and deposit fees apply regardless of balance.

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Certificates of Deposit

Competitive rates
Safe and secure investment of funds
Interest rate guaranteed for the term of your certificate
A variety of terms to provide flexibility

I.R.A.s

We offer traditional IRAs as well as Roth IRAs

Competitive rates
Safe and secure investment of funds
Interest rate guaranteed for the term of your certificate
A variety of terms to provide flexibility.

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Loan Products

Sycamore Bank has a team of experienced loan officers who will assist you with your loan needs. Our bankers are your neighbors and friends, and your financial needs will be handled with courtesy and confidentiality. All of our loan decisions are made right here at home, and, as a community bank, we are dedicated to meeting the needs of our customers.

Personal Loans

Sycamore Bank offers loans to help customers with their financing needs. Loans from Sycamore Bank have helped customers obtain many goods and services that have improved the quality of life that we enjoy in our community. Whatever your financial needs, come see any of the friendly, experienced loan officers at Sycamore Bank. We’ll be glad to assist you!

Commercial Loans

Whether your business is well established or just starting up, Sycamore Bank has an experienced commercial lender designated to help you. We understand that each business has different needs, and we offer a variety of commercial loans and lines of credit to meet those needs.

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Auto Loans

Buying a vehicle can be a major investment, whether you’re shopping for basic transportation or that special vehicle you’ve always dreamed of owning. Let Sycamore Bank help you with the purchase of your next vehicle.

Student Loans

Sycamore Bank was the first bank in Tate County to offer loans through the FFELP to assist students with the expenses of secondary education. We have proudly assisted many aspiring doctors, lawyers, educators, technicians, Rhodes scholars and others achieve their goals. We have made a strong commitment to educational assistance for our customers and to our communities’ colleges.

Sycamore Bank continues to offer loans for secondary education through the FFELP (Federal Family Education Loan Program) that can provide you with the funds you need to acquire a quality education. Under the FFELP, we offer the Federal Stafford loans and the PLUS (Parent Loans for Undergraduate Students) loans.

STAFFORD LOANS – Designed for the eligible student borrower, there are two types of Stafford loans. In general, the Department of Education pays the interest on a Subsidized Stafford Loan while the borrower is in school at least half time or more, while the borrower is responsible for the interest on an Unsubsidized Stafford Loan.

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PLUS LOANS – The Parent Loan for Undergraduate Students provides funds to parents to assist with the cost of their child’s education. The terms and conditions differ from the Stafford Loan Program.

Sycamore Bank provides student loan services through MOHELA so that we can offer the most convenient and effective methods of loan processing. Together, we can provide our student loan customers with complete and current information concerning the status of their student loan.

For more information regarding student or parent loans for higher education, contact Carolyn Stevens, at 662-562-8201 or through our website.

Mortgage Loans

For the mortgage plan you want, we offer both short and long term mortgages with competitive rates and terms. Give us a call, and let us help you with your home loan needs.

Home Equity Loans

Put the equity in your home to work for you. Call us about a Home Equity Line of credit, and let us provide you with funds for home improvements, loan consolidation, travel or other purchases.

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Adjustable Rate Mortgages (ARM)

We offer an adjustable rate mortgage that might be just what you’re looking for in a mortgage. Call one of our experienced loan officers for more information about this flexible mortgage program.

Construction Loans

Whether you need a loan for residential or commercial new construction, expansion or remodeling, let one of our experienced loan officers assist you from start to finish.

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