Bank OZK Banking Services and Features

Bank OZK offers a wide range of banking services to cater to the diverse needs of its customers.

Their online banking platform allows users to manage their accounts, pay bills, and transfer funds with ease. This service is available 24/7, making it convenient for customers to access their accounts at any time.

Bank OZK also provides mobile banking services, which can be accessed through their mobile app. This app allows customers to check their account balances, deposit checks, and pay bills on the go.

With Bank OZK, customers can enjoy a range of deposit accounts, including checking and savings accounts, as well as CDs and IRAs.

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Bank OZK operates a wide network of branches, with over 240 locations spread across eight southern states, including Florida, Georgia, and Texas. This extensive reach makes it a convenient option for many customers.

The bank offers a range of personal banking services, including business banking and trust and wealth management. Bank OZK also provides two types of savings accounts and five checking accounts, catering to diverse customer needs.

Bank OZK's personal banking options are complemented by three different CDs, each with its own features and benefits. This variety allows customers to choose the savings product that best suits their financial goals.

Here's a breakdown of Bank OZK's savings and CD options:

The OZK Interest+ Checking Account is a great option for those looking to earn some interest on their daily balance. It requires a minimum deposit of $50 to open.

You can access your savings account online, through an ATM, or in person at a branch. This makes it convenient to manage your finances on the go.

The account is FDIC insured, which means your deposits are protected up to the maximum amount allowed by law.

However, there is a $12 monthly service fee, which can be waived if you maintain a $2,500 average daily balance.

Here are the key features of the OZK Interest+ Checking Account at a glance:

With an APY of 0.20%, you can earn some interest on your balance, although it's worth noting that this is a relatively low rate.

The majority of Bank OZK deposit accounts are accessible online or via the bank's mobile app. You can also use a Visa debit card or ATM card, depending on the type of account.

Most accounts have a low minimum opening deposit, with some requiring as little as $50. This makes it easy to get started with your banking.

Bank OZK accounts also offer flexible access to your money, with online, mobile, ATM, and branch access available for most accounts. This means you can manage your finances from anywhere, at any time.

Here are some key features of Bank OZK accounts:

Excessive transactions can result in fees, so be mindful of how often you use your account. However, most accounts offer easy ways to waive these fees with simple requirements.

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The Bank OZK Savings account has a very reachable $50 minimum opening deposit.

You can access your savings account online, via the mobile app, ATM, or branch. This means you can manage your account from anywhere and at any time.

The account is FDIC insured up to the maximum amount allowed by law, so your deposits are protected.

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The monthly service fee is $3, but it can be waived by maintaining a $100 minimum daily balance.

You're limited to six pre-authorized withdrawals/transfers each calendar month, but ATM withdrawals are unlimited.

Exceeding the withdrawal limit will cost you $10.

Here's a summary of the key features of the Bank OZK Savings account:

Certificates of Deposit are a type of savings account that's FDIC insured up to the maximum amount allowed by law.

You'll need a minimum deposit of $1,000 to open a CD account, and you can access your savings at a branch.

If you need to withdraw your money before the end of your term, be prepared for an early withdrawal penalty - the exact amount will depend on a few factors.

CD rates can vary depending on your location, so make sure to double-check the rates that will apply to you.

Here are some key features to keep in mind:

Earning interest on your checking account is a great way to grow your money over time. The OZK Interest+ Checking account offers a 0.20% APY, which is a relatively competitive rate.

To earn interest, you'll need to maintain a balance in your account, but don't worry, the $12 monthly service fee can be waived if you keep a $2,500 average daily balance.

You can access your savings account online, at an ATM, or in a branch, giving you flexibility and convenience.

FDIC insurance protects your deposits up to the maximum amount allowed by law, providing peace of mind.

Here are the key features of the OZK Interest+ Checking account:

The Freedom Advantage Checking account is a great option for those looking for a hassle-free banking experience. The minimum opening deposit requirement is just $25.

You'll have access to your account online, through ATMs, and in person at a branch. This means you can manage your finances and make transactions whenever and wherever you need to.

One of the biggest advantages of this account is that it's FDIC insured, which means your deposits are protected up to the maximum amount allowed by law. You can rest easy knowing your money is safe.

However, there is a monthly service fee of $5, so be sure to keep an eye on your account balance to avoid this charge.

Managing your account with Bank OZK is straightforward and convenient. You can access your account online or via the mobile app.

You'll need to meet the minimum deposit requirement, which is $50 for the OZK Checking Account. This will give you access to your savings account online, at an ATM, or at a branch.

To avoid the $7 monthly service fee, you'll need to meet certain conditions, such as maintaining an average daily balance of $500 or more per statement cycle, or making at least 10 debit card transactions per statement cycle.

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If you're under 25, you'll also be exempt from the monthly service fee. And, if you have a direct deposit of at least $500, you won't have to worry about the fee either.

You can send money with Zelle and receive a free Visa debit card with your account.

Here's a quick summary of the conditions to avoid the monthly service fee:

You can also access your money by visiting a Bank OZK branch during business hours, or by using an ATM in the bank's regional network.

Bank OZK has received overwhelmingly negative reviews from customers, with some describing the service as extremely poor.

Long wait times are a common complaint, with one customer waiting 40 minutes to complete paperwork.

Another customer was put on hold for 18 minutes before hanging up, and later reported being stuck at home due to a blocked card.

The bank's customer service has been described as a sham, with some agents being neither trained nor empowered to handle customers.

Some customers have reported having to deal with rude and unhelpful representatives, including a branch manager who was described as having a problem with the elderly.