What You Need to Open an Account at Security Bank
Security Bank requires a government-issued photo ID, your Social Security number, and an initial deposit to open a savings account. The deposit amount depends on the account type—some accounts have no minimum, while others require $25 or more. You will also need a current mailing address.
You can open an account in person at any Security Bank branch, online through their website, or by phone. Each method takes a different amount of time and requires slightly different documents. In-person openings are usually fastest if you have everything ready.
Security Bank is a regional bank operating primarily in the Midwest and South. If you do not have a branch near you, the online or phone route may be your only option. Check their website or call 1-888-732-2265 to confirm they serve your area.
Key Takeaways
- You will need a photo ID, Social Security number, current address, and an initial deposit to open a Security Bank savings account.
- Opening in person at a branch is usually the fastest method if you have all documents ready.
- Online and phone openings are available but may take longer because the bank needs to verify your identity by mail or video call.
- Some Security Bank savings accounts have no minimum deposit, while others require $25 or more—check the specific account terms before you start.
- After your account opens, you can deposit money by transferring from another bank, visiting a branch, or using mobile deposit if you have checks.
Opening an Account in Person at a Branch
Bring your photo ID, Social Security number, and initial deposit to any Security Bank branch. A banker will verify your identity, confirm your address, and ask basic questions about the account—such as whether you want online banking turned on. This process usually takes 15 to 30 minutes.
You will receive a debit card on the spot or within a few business days, depending on the branch. Your account number and routing number are available when ready, so you can set up direct deposit or transfers right away if you need to. Ask the banker for a receipt showing your new account details.
If you do not have a branch nearby, this method is not an option. Security Bank has locations in Alabama, Arkansas, Georgia, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. Use their branch locator on their website to find the nearest one.
Opening an Account Online
Go to Security Bank's website and select "Open an Account" or "New Accounts." You will enter your name, address, phone number, email, and Social Security number. The system will ask you to create a username and password for online banking.
Security Bank will verify your identity using information from credit bureaus and public records. This usually takes a few minutes, but if the system cannot verify you automatically, the bank will contact you by phone or email to complete the process. You may be asked to upload a photo of your ID or answer security questions.
Once your identity is verified, you will need to fund the account. You can transfer money from another bank account using the routing and account number provided, or you can mail a check. The account is active when ready, but the initial deposit may take one to three business days to clear depending on the funding method.
Opening an Account by Phone
Call Security Bank at 1-888-732-2265 and ask to open a savings account. A representative will walk you through the same questions as the online process: your name, address, Social Security number, and which account type you want. Have your ID ready so you can answer verification questions.
The bank will mail you a welcome packet with your account number, routing number, and instructions for setting up online banking. This packet usually arrives within five to seven business days. You can fund the account by transferring money from another bank or mailing a check before the packet arrives.
Phone openings take longer than in-person or online because the bank needs to mail documents to you. If you need to use your account when ready, ask the representative whether you can set up a transfer before the welcome packet arrives—most banks allow this.
What Happens After Your Account Opens
Once your account is open, you can deposit money, set up direct deposit, and start earning interest. Security Bank savings accounts earn variable interest rates, which means the rate can change. Check your account online or call the bank to see the current rate for your specific account type.
You will receive monthly statements by mail or email, depending on what you chose during setup. Review these statements to make sure all transactions are correct. If you see something wrong, contact the bank within 60 days—this is the window for disputing errors.
If you opened your account online or by phone, you can log into online banking when ready using the username and password you created. If you opened in person, the banker will show you how to log in or mail you login instructions. You can also read the Security Bank mobile app to check your balance and transfer money from your phone.
Minimum Deposits and Account Types
Security Bank offers several savings account types, and the minimum deposit varies. Some accounts have no minimum, while others require $25 or $100 to open. The account type also affects the interest rate you earn—accounts with higher minimums usually pay more interest.
Before you open an account, visit Security Bank's website or call to compare the account types. Ask specifically about the minimum deposit, the current interest rate, and any monthly fees. Some accounts waive fees if you keep a certain balance or set up direct deposit.
If you do not have enough money for the minimum deposit right now, ask whether you can open the account with a smaller amount and deposit more later. Some banks allow this, though it depends on the specific account and the branch or representative you speak with.
If You Cannot Open an Account in Your Area
Security Bank does not have branches in every state. If you live outside their service area, you will not be able to open an account with them. Check their website to confirm they operate in your state before you spend time on the process.
If Security Bank is not available to you, look for other regional or national banks that serve your area. Online banks like Ally, Marcus, or Discover also offer savings accounts with no minimum deposit and no monthly fees. Credit unions in your area may offer savings accounts with competitive rates and lower minimums.
Compare interest rates, fees, and minimum deposits across a few options before you decide. The difference in interest rates can add up over time, especially if you plan to keep a large balance in the account.
Frequently Asked Questions
Can I open a Security Bank savings account if I do not have a Social Security number?
No. Security Bank requires a Social Security number to open any account. If you have an ITIN (Individual Taxpayer Identification Number) instead, call the bank to ask whether they can work with that—some banks do, but Security Bank's policy may vary by branch.
What if I do not have a photo ID?
You will need a government-issued photo ID to open an account. Acceptable IDs include a driver's license, passport, or state ID card. If you do not have one, you will need to get one before you can open an account at Security Bank.
How much money do I need to deposit to open an account?
The minimum deposit depends on the account type. Some Security Bank savings accounts have no minimum, while others require $25 or more. Check the specific account terms on their website or call 1-888-732-2265 to find out which account type fits your situation.
Can I open an account if I have had banking problems in the past?
Security Bank may check ChexSystems, a banking history database, when you open an account. If you have unpaid overdrafts or closed accounts due to fraud, the bank may deny your process. Call ahead and ask about their policy, or consider a second-chance banking program if you are turned down.
How long does it take to receive my debit card?
If you open in person, you may get a debit card on the spot or within a few business days. If you open online or by phone, the card usually arrives within 7 to 10 business days. You can use your account number to transfer money or set up direct deposit before the card arrives.