Business Checking Plus

As long as both accounts are set up under the same Tax ID Number, you may add these both to the same BusinesSite Account. If there are two different Tax ID numbers, then you would need to apply for two separate BusinesSite products.

Online Banking - No fee (both accounts must appear online) Infoline - No fee (both accounts must be linked to debit card) Verbal Telephone Transfer - $5.00. This fee applies to Infoline Representative requests or branch telephone requests. The $5 fee is subtracted from the account where the money is transferred from. In Branch Transfer - $5.00 Online transfer from a non-BancorpSouth account. This is referred to as an external transfer. These can be done through your online banking only. Click on "Transfer" on the tool bar. Select "External Transfer" Follow instructions to set up. The set up takes 3 to 5 business days. Once the other account is set up, you can request a transfer. The transfer takes 3 to 5 business days and is routed through the ACH system. There is a fee for each transfer out of your BancorpSouth account. There is no fee to transfer into your BancorpSouth account.

The External Funds Transfer feature is available through the Online Banking product.  This feature allows transfers to and from accounts that are not with BancorpSouth.  This is not a substitute for wire transactions because of limits imposed (look at External Transfer Limits) and the time factor. This type of transfer can take and average of 2 to 4 business days. These transfers utilize the ACH system. It is a convenient and inexpensive way to move funds into and out of your BancorpSouth accounts. To initially set up all accounts, access your Online Banking and click on External Transfer located on the green tool bar. The set up process takes 2 to 4 business days. Even BancorpSouth accounts must be set up. You must be an owner of both accounts to transfer. Transfers into a BancorpSouth account can be done at no charge. There is a $2.50 fee for each transfer from BancorpSouth to another bank's account. The description that shows on your account history will have "A2A transfer".