Beacon Federal Reward Checking accounts managed out of Tyler Texas branch will be converting to MidSouth Bank Advantage Consumer account as of 12/2/11. Welcome to MidSouth Bank
Last statement from Beacon will be dated 12/2/11.
Login ID will be the same; password will change.
Must re-enroll in e-statements, billpay, and bank-to-bank transfers.
New Advantage account is not a Rewards account:
Minimum balance $1000 or else $8 fee
Minimum daily balance to earn interest $1,500
Interest rate unknown - not posted on website and they will not provide rates via email.
CANNOT continue to use Beacon checks or debit card or routing number.
$25 early account closure fee before 180 days.
Non-Midsouth ATM fee $1.75.
Have to use snail mail to opt-out of privacy data sharing.