Deposit Account FAQs
- If you have a retail checking account, a money market account, or a savings account with a PIN, you may access your account by using our 24-hour automated telephone banking system.
- You can also receive account balance information, view recent transaction activity, transfer funds and pay bills when you enroll in Oak Bank Online Banking and Online Bill Payment.
How can I get more information about fees and services relating to Oak Bank’s deposit account products?
- Please contact customer service or visit us at the Bank for more information about our fees.
You can make additional deposits in the following ways:
- In person at Oak Bank at 1000 N. Rush Street.
- By transfer from another eligible Oak Bank account by phone, online, mobile, ATM, or in-person.
- By mail by sending us a check.
- By wire transfer you initiate at another bank. Fees may apply.
- By ACH transfer you initiate at another bank. Fees may apply.
- Contact the bank you would like to transfer out of.
- Night deposit box.
- By check (if you are provided checks for your Account)
- By using an ATM or debit card if you are issued an ATM or debit card for your Account (daily limits apply). Fees may apply.
- By bill payment through online banking (if available for your Account)
- By ACH transfer. Contact the bank you would like to transfer to.
- By wire transfer. Fees apply.
The daily withdrawal limit varies by account. In general, a maximum of $500 can be withdrawn daily from your Oak Bank account with a maximum of $1,000 withdrawn through point of sale (POS) transactions.
No. There is no charge at Oak Bank ATMS involving your Oak Bank deposit accounts. Oak Bank does not charge you to use another bank’s ATM machine to withdraw funds. There may be fees assessed by the owner of the ATM you are withdrawing funds from.
Please refer to Oak Bank’s Funds Availability Schedule that you were provided at account opening or contact an Oak Bank customer service representative.
A handling fee is charged to your account when a check is returned to Oak Bank unpaid. For more information on the fees, please contact a customer service representative.
Some merchants use an electronic process to receive payments from your account. You may be asked to sign a payment authorization, after which your canceled check will be returned to you immediately. The payment request will then be sent to your bank electronically.
Oak Bank does not charge a fee when you use your card at merchant locations regardless of whether you select Credit or Debit for transaction type.
Oak Bank’s rates may change on a daily basis. Please contact a customer service representative for more information on our current interest rates offered.