CERTIFICATES OF DEPOSIT
 
Live Oak State Bank offers a choice of Certificates of Deposit.  The term will determine the rate of interest earned.  Minimum investment is $2,500.  Interest earned on the investment may be paid by check, deposited to a checking or savings account or added back to the principal according to the terms agreed on at the time of the investment purchase.

RETIREMENT PLANNING
 
Live Oak State Bank offers fixed rates on Traditional, Educational and ROTH Individual Retirement Accounts, and Simplified Employee Pension Plans.

REPURCHASE AGREEMENTS
 
Repurchase Agreements (Repos), allow Live Oak State Bank to repurchase any or all of the customers U.S. Treasury obligations on a daily basis, giving the customer daily access to their investment.  The Repo account is not a deposit account and is not insured by the F.D.I.C., but attractive for the customer who does not want to be restricted by F.D.I.C. insurance limitations.

VISA® CHECK CARD
 
The Visa® Check Card allows customers to shop anywhere Visa® is accepted and also serves as an ATM card for withdrawing cash.  Purchases and withdrawals are deducted from a checking account, and itemized on the monthly statement.  To report a lost or stolen VISA® CHECK CARD, please call 1-800-554-8969.

BILL PAY
 
Live Oak State Bank’s Bill Pay delivers a high quality, efficient and secure bill payment service.  You decide how much to pay, who to pay and when to pay.  Recurring automatic payments of the same amount and date can be set up.  You may go online to check and make sure a payment has been made.  Payees may be added at any time.  The per statement cycle fee is $5.00 for 30 transactions, over 30, $.50 each.

ACH BUSINESS SERVICES
 
Business customers utilize the Automatic Clearing House (ACH), a highly reliable and efficient electronic funds transfer system, to direct deposit payroll funds into employee bank accounts.  Direct deposit can save time and reduce costs while providing an important benefit to employees.

TELEPHONE BANKING
 
By calling (214-887-8188) customers have 24 hour access to accounts.  Telephone banking allows transfers, review of transactions and balance information.  There is no charge for the service.

SAFE DEPOSIT BOXES
 
Safe Deposit Boxes provide a safe, convenient and economical way for our customers to protect your valuables from fire, theft or loss.  Boxes are available in a variety of sizes.

NIGHT DEPOSITORY
 
A Night Depository is available for customers needing a secure means to deposit funds after normal banking hours.  The depository is equipped with a secure night depository vault with both an envelope slot and a key accessed drawer for deposit bags.

LOCKBOX SERVICE
 
Lockbox Service is a cash management tool that authorizes Live Oak State Bank to receive payments addressed to a post office box leased by the customer.  Customer benefits include a more efficient workflow, reduced clerical costs, improved audit control, separation of accounting functions and faster collection time for receivables.

OTHER SERVICES

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