Looking for Banking Services in or near West Point, MS? Learn more about Renasant Bank. Services include Banks Commercial, Financial Services. Renasant Bank. Visit Website. W Main St, West Point,MS, Map. +1() Category: Mortgages & Mortgage Bankers, Personal Loans. Renasant Bank is located at W Main St,, West Point, MS Renasant Bank can be contacted at () Get ratings, reviews, hours, phone.
Renasant bank west point ms -
Do You Know? Who Regulates Banks and Credit Unions Nowadays, consumers need to know a lot more about how banks and credit unions work in order to feel confident about the security of their savings. So even if your bank fails, your money is safe. This safety net is paid for through our taxes and premiums paid by banks and credit unions to insure the deposits. So who's watching these institutions?
Banks and credit unions that offer consumers federally-insured checking accounts are regulated by different federal agencies. Each state also has a department that watches over the banks in their state. There are 3 primary federal agencies that regulate banks and credit unions.
Within these agencies their are different 'offices' or 'departments' that oversee and regulate different aspects of the banks' operations their acronyms are long. Here are the 3 main agencies: Federal Reserve Board 'The Fed' was founded in to provide stability to our financial system. They manage our government's monetary policy, supervise and regulate banks and provide financial services to these banks -- for example, clearing checks. This was in response to thousands of bank closures in the late 's and early 's.
This independent federal agency insures deposits and regulates banks. The FDIC can take over a bank if they're insolvent and either sell-off it assets or run the bank. National Credit Union Administration In , the federal government passed the Federal Credit Union Act to facilitate the chartering of federal credit unions in every state.
The purpose was to make credit available to individuals and promote individual savings. These institutions are not-for-profit and are managed as cooperatives. Free checking accounts are really just basic checking accounts that do not charge a monthly service fee. Most free and basic accounts do not earn interest on balances and do not come with advanced account features. Read on What is Mobile Check Deposit?
Mobile Check Deposit is an application that allows you to take pictures of checks with your smartphone or tablet and deposit the funds into your bank accounts. If your bank offers mobile check deposit, you can avoid visiting a branch to deposit checks. Read more These cards allow you to make purchases and withdraw money from ATMs. These ATMs "Automatic Teller Machines" allow you to check your balance, withdraw and deposit money, and transfer money between your accounts.
Find the Best Checking Account or Reloadable Debit Card Enter your zip code Compare checking accounts and reloadable debit cards from banks and credit unions for free Requires no personal information.If your bank offers mobile check deposit, you can avoid visiting a branch to deposit checks. Routing numbers may differ depending on where your account was opened and the type of transaction made. ACH helps to improves payment processing efficiency and accuracy, and reduce expenses. This was in response to thousands of bank closures in the late 's and early renasant bank west point ms. Within these agencies their are different 'offices' or 'departments' that oversee and regulate different aspects of the banks' operations their acronyms are long. The purpose was to make credit available to individuals and promote individual savings. This number identifies the financial institution upon which a payment is drawn.