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General Information

Q: What does integration mean and why is it occurring?

A: Grand Bank has joined the BancorpSouth family. Integration refers to the necessary changes to our banking systems to ensure that your account information is transferred into the BancorpSouth system.

Q: How does this integration affect me?

A: BancorpSouth has transitioned Grand Bank accounts to our system. By now, you should have received communications giving you details of that integration, how it will affect your particular accounts, and if any action is needed. You will now have access to a broader range of financial services and more branch locations that can help make banking easier.

Q: Will Grand Bank change its name to BancorpSouth?

A: Yes. All locations are now BancorpSouth Bank. Signage and documents will begin to reflect the change.

Q: Who should I contact if I need assistance during or after the integration?

A: You access to BancorpSouth Customer Service at 1-888-797-7711 from 7:00 am to 8:00 pm Monday-Friday, from 7:00 am to 5:00 pm on Saturdays, or visit us at BancorpSouth.com. You may also stop by any of our locations during regular business hours.

Deposit Account Information

Q: Will there be changes to my product type?

A: There may be. You should have received a communication as to how your account will change, if at all. If the communication stated there will be changes, your account will automatically be updated to a BancorpSouth account that has features similar to what you have now. If you have not received a communication in the mail, please contact your local Grand Bank banking team.

Q: What if I want a different product type for my account?

A: After reviewing your new product and services information, should you feel a different product would better suit your needs, stop by one of our branches starting on June 10, 2019, and we will do our best to accommodate you with the product you prefer.

Q: Will my deposit accounts continue to be insured by the FDIC?

A: Yes. Your deposit accounts will continue to be insured by the FDIC. The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each ownership category. During the first six months after merger your transferred deposits will be separately insured from any accounts you may already have had at BancorpSouth. This period allows you to evaluate your account structure and maximize FDIC insurance coverage.

Q: Will I still have overdraft protection on my personal account?

A: If you have overdraft protection that is tied to a savings account, it will transition to BancorpSouth and will remain active.

Q: Will my routing number change? If so, when?

A: Yes. The routing number has changed to 084201278. Update all automatic payments and direct deposits with your new routing number to be effective on or after June 8, 2019. For example: your employer, Social Security, or any other organization making direct deposits into your account and/or anyone who automatically takes payments out of your account each month such as a utility bill or gym membership. It’s important that you NOT make changes to your automatic payments or direct deposits prior to June 8. Doing so could result in processing errors.

Please know that we will ensure the proper posting of checks and drafts in the weeks following this transition to ensure their appropriate and timely posting and allow ample time for changes to become active.

Q: Will I receive a new debit card, or can I use my existing debit card?

A: You should have received a new BancorpSouth debit card in the mail prior to conversion. You may begin to use your new BancorpSouth debit card on June 10, 2019. At that time, your Grand Bank debit card will be deactivated; please destroy it. Unless you’ve been notified otherwise, your Personal Identification Number (PIN) has not changed. Use the same PIN that you used with your Grand Bank debit card.

If you haven’t received your BancorpSouth debit card by June 3, 2019, please contact your local branch.

Q: Will the daily limit on my debit card for ATM & point-of-sale transactions change?

A: With your BancorpSouth debit card, you may withdraw from ATMs up to a maximum of $400.00 (or your available balance if less than $400.00) per card per processing day, and use point-of-sale terminals to purchase goods or services up to a maximum of $10,000.00 (or your available balance if less than $10,000.00).

For additional terms & conditions, please review the BancorpSouth ATM Card and Mastercard Debit Card Disclosure included with your new card.

Q:Should I continue to use my current checks and deposit slips?

A: If there is NO change to your account number, you may continue using your existing checks and deposit slips until they are gone. When it is time to reorder your checks, you may do so at BancorpSouth.com or your local branch.

If you received notice that your account number will change, you will receive a complimentary book of new checks with your new BancorpSouth account number and should begin to use those on or after June 8, 2019. For future orders, you will need to reorder checks with your new BancorpSouth account number.

Q: I received a communication that I will have a new BancorpSouth account number. Do I need to update any automatic payments, direct deposits, etc. with my new account number?

A: Yes. If you received notice that your account number will change, update all automatic payments and direct deposits with your new account and routing number to be effective on or after June 8, 2019. For example: your employer, Social Security, or any other organization making direct deposits into your account and/or anyone who automatically takes payments out of your account each month such as a utility bill or gym membership.

Q: How will checks I have written from my Grand Bank account prior to conversion be handled? Will they be honored after conversion?

A: Checks that are in circulation prior to the system conversion should post to your account without a problem.

Q: Will I continue to receive images of my checks with my statements?

A: Yes, you will continue to receive images of your checks with your BancorpSouth statements.

Q: When will I receive my last Grand Bank account statement?

A: All Grand Bank deposit account customers received a final statement by mail that is reflective of the activity and balance on Grand Bank systems as of June 7, 2019.

Q: Will I continue to have access to my account statement and notices through online banking?

A: Yes. Once enrolled in BancorpSouth Online Banking, you will have access to your future BancorpSouth online statements. You will also have access to your past Grand Bank statement history (up to 18 months).

Q: Will I continue receiving wire transfers to my account?

A: To ensure that wire transfers are properly credited to your account, please inform the originator of the wire transfer of the following information to be effective as of June 8, 2019:

Financial Institution Name - BancorpSouth Bank
Bank Routing Number (ABA number) - 084201278
Your name and account number

Q: I currently receive an email notification when my statement is available; will I continue to receive an eStatement notification?

A: Yes. Once enrolled in BancorpSouth Online Banking, you will receive email notifications from estatements@bxs.com when your BancorpSouth online statements are made available.

Q: Will there be any changes to my Certificate of Deposit (CD) or Individual Retirement Account (IRA)?

A: No. You will keep your current interest rate on your existing CD or IRA. At maturity, you will receive advance notice that your CD or IRA will renew under the terms and conditions offered by BancorpSouth at that time. If your CD and IRA account numbers need to change, you will be contacted by BancorpSouth.

Q: Can I withdraw money from my CD prior to the maturity date?

A: Yes. However, early withdrawal penalties may apply if money is withdrawn before the maturity date.

Q: Will I continue to have supplemental Accidental Death & Dismemberment Insurance?

A: If you are currently enrolled in supplemental Accidental Death & Dismemberment Insurance with Franklin-Madison, you will continue to have this insurance without interruption. Insurance continues to be provided by Franklin-Madison directly. Premiums will continue to be automatically withdrawn from your checking account.

There is no action required to continue insurance coverage. Your original Certificate of Insurance with policy details remains effective. Only the name of the financial institution is changing, which will not affect any of your original insurance terms. Continue to reference your original Certificate of Insurance with your coverage ID and policy number if you have questions or need to file a claim.

Note: Franklin-Madison bills in April, July, October and January. Supplemental insurance customers will see the institution name change with the July 1st auto-payment.

Funds Availability Information

Q: How does BancorpSouth apply deposits to my account?

A: Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash, and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

Q: How do I determine the availability of my funds?

A: For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before our cutoff time on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after our cutoff time or on a day we are not open, we will consider that the deposit was made on the next business day we are open. For example:

If you make a deposit at an ATM before 12:00 noon on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 12:00 noon or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept a check for deposit that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Q: Are there times when a longer delay may apply?

A: In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $200.00 of your deposits, however, will be available on the first business day.

Q: If a longer delay is necessary, how will I be notified?

A: If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Q: What are some examples of exceptions where my funds may be delayed for a longer period of time?

A: Funds you deposit by check may be delayed for a longer period under the following circumstances:

Telephone Banking Information

Q: Does BancorpSouth have a 24-Hour Customer Service Number?

A: Yes. Once confirmed on your first-time use of this service, you will have access to the BancorpSouth automated 24-Hour Telephone Banking System, also known as InfoLine, by calling 1-888-797-7711. Here you can check your account balance, review your transactions, transfer funds, make payments, report lost or stolen cards and more.

You will also have access to live BancorpSouth Customer Service from:
7:00 am to 8:00 pm Monday-Friday and 7:00 am to 5:00 pm Saturday

*Special Hours on Sunday, June 9: 11:00 am to 5:00 pm

Important: Upon the first-time use of this service, you will be asked to enter your Social Security Number or Customer Number (available only if you are an Online Banking Customer), your date of birth, and a valid account number. If you are an Online Banking Customer and you have not received a letter by June 3 with your Customer Number, contact BancorpSouth Customer Service at 1-888-797-7711 or your local Grand Bank branch.

Once confirmed, you will be prompted to set up a four-digit Telephone Access Code. Future calls to InfoLine will require your SSN and the new four-digit Telephone Access Code.

Safe Deposit Box Information

A: If I have a Safe Deposit Box at Grand Bank, can I keep it? Yes. You will continue to use your current safe deposit box uninterrupted. At the time of renewal for your safe deposit box, BancorpSouth standard safe deposit box fees will apply. You will receive an annual billing notice informing you of the safe deposit box rate.

ATM Information

A: Can I use a BancorpSouth ATM? Yes. Effective immediately, you may begin using BancorpSouth ATMs and not be charged a foreign ATM usage fee. You now have access to more than 300 BancorpSouth ATM locations. Please refer to the BancorpSouth website for a complete list of all branches in your area: BancorpSouth.com/FindALocation

Branch Location Information

Q: Will my Grand Bank location change?

A: Beginning June 8, 2019 you will have access to all BancorpSouth locations to conduct your banking needs. Please refer to the BancorpSouth website for a complete list of all branches in your area: BancorpSouth.com/FindALocation

Q: Will there be a change in daily lobby & drive-through hours?

A: There are no changes to hours of operation at this time.

Wire Transfer Information

Q: Does BancorpSouth accept wire transfer requests?

A: Yes, BancorpSouth accepts wire transfer requests made in person at any convenient BancorpSouth location, taken via telephone by the Wire Transfer Group (confirmed by the applicable security option chosen by the customer), or submitted via Treasury Management InView. Customers who would like to make wire transfer requests by telephone should ask a branch representative about a Wire Transfer Agreement. BancorpSouth does not accept wire transfer requests submitted via facsimile or email. Wire transfers may be submitted (with applicable fees included) up to the available cash balance within the designated account. Please refer to your Account Information Statement for a list of applicable fees.

Q: What are the cut-off times for wire transfer requests?

A: Wire transfer payments will be processed the same day if received by 4:00 pm Monday through Friday. Tax payments and consumer foreign currency wires should be requested by 3:30 pm Monday through Friday.

Q: What are the wire instructions for a domestic (U.S.) wire transfer to BancorpSouth?

A: A domestic (U.S.) wire transfer can be sent to BancorpSouth by using the following instructions:

Bank Name: BancorpSouth
Bank ABA Number: 084201278
Bank Location: Tupelo, MS
BancorpSouth Customer’s Account Number
BancorpSouth Customer’s Name on the Account

Q: What are the wire instructions for an international wire transfer to BancorpSouth?

A: An international wire transfer can be sent to BancorpSouth by using the following instructions:

Intermediary Bank: Wells Fargo Bank Intl
Intermediary Bank Location: San Francisco, CA
Intermediary Bank Swift: WFBIUS6S
Beneficiary Bank: BancorpSouth
Beneficiary Account: FW//084201278
Further Credit/Reference: BXS Customer Name and Account Number

Online Banking Information

Q: Will Grand Bank Online Banking access be discontinued?

A: Yes. Grand Bank Online and Mobile Banking access will end permanently 30 days after integration to BancorpSouth.

Q: When will access to conduct external & internal transfers from Grand Bank Online Banking be discontinued?

A: Online Banking access to internal and external transfers ended on June 7 at 4:00 pm. Scheduled transfers were processed through midnight on June 7. Anything scheduled to process after this date and time will not transfer.

Q: When will Grand Bank Bill Pay access be discontinued?

A: Access to Grand Bank Bill Pay was permanently discontinued at 3:00 pm on June 6. Please make note of all of your payee information (payee, address, account numbers, due dates, etc.) as it will not transfer to BancorpSouth Online Banking and will need to be reestablished.

Q: How will bill payments currently scheduled in Grand Bank Bill Pay be impacted?

A: All bills established in Grand Bank Bill Pay that were scheduled to pay on or before June 7 were paid. Anything scheduled to pay after June 7 (recurring or one-time) will not process.

Q: Will I need to enroll in BancorpSouth Online Banking?

A: Yes. You will need to enroll in BancorpSouth Online Banking and may do so beginning on June 9. To avoid any gaps in viewing your BancorpSouth transaction information within online banking, please enroll by 10:30 pm on June 10.

Important: Whether you use mobile or desktop online banking now, your initial login to BancorpSouth Online Banking must be through a web browser from a computer or a tablet device.

For Personal Online Banking Users:

  1. Go to BancorpSouth.com.
  2. In the top right of the screen, see Login to Online Banking and select Enroll.
  3. Review the Customer Agreement and Disclosure Statement. When finished, click Accept to proceed.
  4. For quick enrollment, utilize the Customer Number option for identification purposes and enter the requested information in the provided fields. Click Continue when finished.
  5. Once you complete enrollment, you can then reestablish the following:
    a. Your alerts and preferences
    b. All bill payments
    c. Any internal or external transfers

Q: What is the Customer Number option?

A: The Customer Number option is for quick enrollment. If you currently have online banking access through Grand Bank, you will receive your customer number for quick enrollment with BancorpSouth Online Banking by mail. If you have not received your Customer Number by June 3, 2019, call BancorpSouth Customer Service at 1-888-797-7711 to speak to a customer service representative.

Q: How do I create my security questions within online banking?

A: Security questions will be added as a part of the BancorpSouth Online Banking enrollment process. If you need to make a change to your security questions you can do so, after a successful login. You will be prompted to set a permanent password, security questions and answers. These questions and answers are for your protection and will be used in verifying your account access. If you need to update your security questions, you can do so through the following steps:

  1. After logging in to BancorpSouth Online Banking, go to the Customer Service tab.
  2. Click on the Manage Security Questions in the Personal Information box.
  3. From here you will be able to change or update any of your questions.
  4. Please do NOT use special characters in your answers.

Q: How do I add a checking or savings account to my online banking account?

A: The last step of the enrollment process is to add accounts. If you need to add an account after the enrollment process, follow these steps:

  1. Login to BancorpSouth Online Banking.
  2. Go to the far right tab labeled Customer Service.
  3. Look in the Preferences box and click on Manage Account Preferences.
  4. Your current accounts will populate on the next screen.
  5. Under your current accounts, click the Add Account button.
  6. You will be prompted to select which accounts you want to add.

Q: I’m having trouble updating Quicken. Is there something I need to do with your online banking system to update it?

A: Please see our online guide for updating Quicken at BancorpSouth.com/Quicken.

Q: How do I access the MyBXS Mobile app?

A: Once you have logged into BancorpSouth Online Banking through a web browser from a computer or tablet device and completed the initial setup process, you will have access to view your account information through the MyBXS Mobile app. The app is compatible with iPhone or Android devices. Visit the appropriate app store to download.

Loan Account Information

Q: Will there be changes to my loan terms or where I make loan payments?

A: Terms for consumer loans will remain the same. You can continue to make personal and commercial loan payments at the bank location nearest you. If mailing payments on or after June 7, 2019, please send to the relevant address below:

Commercial/Consumer Loan Payments BancorpSouth Bank Post Office Box 789 Tupelo, MS 38802-0789

Mortgage Loan Payments BancorpSouth Bank Post Office Box 3356 Tupelo, MS 38803

For questions, please contact BancorpSouth Customer Service at 1-888-797-7711 from 7:00 am to 8:00 pm Monday-Friday and from 7:00 am to 5:00 pm on Saturday.

Business Account Information

Q: Will I continue to receive a payment notice for my business loan?

A: Business customers will continue to receive notices on their accounts for payments, rate changes and delinquencies, as applicable.

Q: Will I have access to Business Online Banking and Bill Pay service?

A: BancorpSouth offers online banking access for businesses depending on the products, services and features that your business require. Customers who need basic access for a singular user will utilize BancorpSouth Online Banking and Bill Pay.

For those that require multi-user access and/or complex services (such as ACH or wire), Treasury Management communications with instructions will be mailed to you, and a Treasury Management Officer will be in touch to assist in the transition to the appropriate online service.

Milestone Dates

Monday, April 1, 2019

BancorpSouth ATMs available for Grand Bank customers.

Monday, June 3, 2019

TAKE ACTION

Thursday, June 6, 2019

Grand Bank Bill Pay access will be removed on June 6 at 3:00 pm. All bills scheduled to be paid through June 7 will be paid. Anything scheduled to be paid after midnight on this date (recurring or one-time) will not be paid. ACTION REMINDER: Document all of your Bill Pay payees before June 6 at 3:00 pm so you can reestablish this information in BancorpSouth Online Banking.

Friday, June 7, 2019

Grand Bank Online and Mobile Banking will change to view-only access beginning on June 7 at 4:00 pm and will continue to have view-only access for 30 days. Access to conduct transfers through Grand Bank Online Banking will be removed on June 7 at 4:00 pm. Any transfers scheduled to occur on before June 7 will complete. Any transfers scheduled to occur after this date will not occur. You will need to re-establish all transfers once you enroll in BancorpSouth Online Banking.

ACTION REMINDER:

Document all of your scheduled transfers before June 7 at 4:00 pm so you can reestablish this information in BancorpSouth Online Banking.

Saturday, June 8, 2019

You may begin contacting BancorpSouth Customer Service at 1-888-797-7711 for assistance. You may begin mailing loan payments to BancorpSouth. Begin using the new routing number, 084201278, when re-ordering checks or establishing new automatic payments. We’ve taken the steps necessary to ensure your current routing number and current checks will continue to work for existing payments and direct deposits such as payroll or Social Security, etc.

Sunday, June 9, 2019

You may enroll in BancorpSouth Online Banking at BancorpSouth.com. Once enrolled, you will need to reestablish any bill payments or transfers that were previously set up within Grand Bank Online Banking.

Monday, June 10, 2019

Open for business - Former Grand Bank branches reopen as BancorpSouth. You may now visit any BancorpSouth location for all your banking needs.

You may begin using your new BancorpSouth debit card. Your current Grand Bank debit card will be deactivated.

TAKE ACTION:

To avoid any gaps in viewing your BancorpSouth transaction information, you must enroll in BancorpSouth

Online Banking by 10:30 pm on June 10. Once enrolled, you will need to reestablish any bill payments or transfers that were previously set up within Grand Bank Online Banking.

Thursday, July 4, 2019 at 12:00 pm

Grand Bank Online Banking view-only access will be permanently discontinued.

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