Intro – Southern Bank Reviews & Ranking


Southern Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ's groundbreaking, four-step banks and credit unions selection methodology

Click here for a step-by-step breakdown of the methodology and selection process used during our Southern Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

The Southern Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of Southern Bank.



Southern Bank Review


Often selected as one of the best banking firms, Southern Bank serves clients in Missouri cities, including Springfield, Poplar Bluff, and southern areas in the state.

Southern Bank is one of the oldest financial institutions with headquarters in the region, having been originally chartered in 1887. Southern Bank now has assets of more than $1 billion and 35 locations throughout Southern Missouri and Northern Arkansas.

Some of the many personal banking products and solutions available from Southern Bank include checking, debit cards, credit cards, loans, and a variety of savings options that are designed for both short and long-term goals.

Image Source: Southern Bank Review



Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms

Upon completing our detailed reviews, Southern Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors. 

Southern Bank Review: Free Kasasa Cash

Free Kasasa Cash is a checking account with no monthly service fee that earns a competitive interest rate. For balances up to $15,000, the APY is 3.01% while balances over $15,000 earn 0.15% APY. If certain qualifications aren’t met the APY will be 0.10%.

This account not only includes a high interest rate and no service fee, but there is no minimum balance to earn rewards, check writing is unlimited, and there are ATM fee refunds nationwide, up to $10 per month.

The minimum deposit to open the account is only $100, and earning rewards is easy. Account holders simply need to have at least 12 debit card purchases posted and settled during a monthly statement period, be enrolled, and agree to receive eStatements.



Southern Bank Review: CardValet Fraud Prevention

CardValet is a fraud prevention tool for Southern Bank cardholders. It’s an app that’s downloaded for free to a smartphone to provide the utmost in control of card activity. Users can do the following with CardValet:

  • Create customizable fraud prevention settings
  • Turn a card on or off via the app
  • Control locations
  • Create merchant type controls
  • Determine thresholds
  • Set up alert preferences
  • Monitor transactions

Along with downloading the app, all users need to do is add their card number and information, verify acceptance, and create an account.

Southern Bank Review: Statement Savings

Statement Savings from Southern Bank offers the opportunity to put money aside easily and effortlessly. When you open this savings account, you can either make your own deposits independently, or you can opt to set up an automatic direct deposit. There are competitive interest rates that come with this account, regardless of the size of your balance, and as long as you maintain a $100 minimum daily balance and a $300 minimum average daily balance, the $2 monthly service fee is waived.

This account requires only a $100 minimum deposit to open, and it includes six free withdrawals per month as well as free online banking, free eStatements, and free mobile banking with mobile deposit.

Other savings accounts from Southern Bank include Children & Student Savings, Christmas Club Savings, money market accounts, and CDs.



Southern Bank Review: Education

As well as offering excellent products and superior customer service, an important reason that Southern was ranked on this list of the best banks is because of its dedication to providing free financial education resources to customers.

These resources include:

  • The Money Management Blog highlights not just how to budget and more effectively manage money but also covers fraud protection and more
  • Fraud & ID Theft Protection shows the threats and actionable, realistic ways customers can safeguard against them
  • Video Center
  • MoneyIsland is an online game for kids ages 8 to 14
  • PiggyBog is a free app that helps kids create savings goals and work toward them


AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.