To enroll, tell us how much you want to save with each Check Card and Free Online BillPay transaction -- $0.25 or $0.50. We'll link
your checking account to a savings or money market account.
Each night, we'll take the number of Check Card and Online BillPay transactions, multiply the total by your QuickSave
SM amount, $0.50 or $0.25, and then transfer that amount to your savings or money market account in one transfer. Each year, we'll automatically transfer our match amount within 6-8 weeks after the anniversary date of your account. After you've enrolled, logon to Online Banking to see the transfer activity in both your checking account and savings account.
Click below to open your checking or savings account today.
Here is what you need to get started with QuickSave
SM.
1) A Bank of Oklahoma personal checking account
2) A Bank of Oklahoma personal savings or money market account
3) A Bank of Oklahoma personal Check Card
Click below to open your checking or savings account today.
Enrollment Requirements
Q. What is required to enroll for QuickSaveSM?
Q. How many checking accounts can fund a savings account?
Q. How many savings accounts may be enrolled to receive QuickSaveSM transfers?
Q. Are there any other requirements to be enrolled in QuickSaveSM?
QuickSaveSM Transfers
Q. When does the QuickSaveSM transfer take place?
Q. What if the check card transaction is made on Saturday or Sunday?
Q. Will the QuickSaveSM transfer occur if there are not enough funds in my checking account?
Q. If I have Overdraft Protection would the QuickSaveSM transfer occur when the balance is not sufficient?
Q. Can the QuickSaveSM transfer amount be changed?
Q. Can the QuickSaveSM transfer amount be something other than $.50 or $.25?
Q. Which transactions generate a QuickSaveSM transfer?
Q. Are there Check Card transactions that aren't eligible?
Q. What happens if a Check Card transaction or Online BillPay debit transaction is later cancelled or reversed?
Bank Match
Q. What exactly will the bank match?
Q. When will the bank match be awarded?
Q. How do I actually receive the match?
Q. What happens if I stop making check card or electronic Online BillPay transactions?
Q. Is there a limit to the match?
Q. Is the match reported to the IRS?
Enrollment Requirements
Q. What is required to enroll for QuickSaveSM?
A. To enroll for QuickSave
SM, you must have at least one Bank of Oklahoma personal checking account, linked to a Bank of Oklahoma personal savings or money market account and an open Bank of Oklahoma personal Check Card.
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Q. How many checking accounts can fund a savings account?
A. Up to three personal checking accounts may be linked to one QuickSave
SM enrolled savings or money market account.
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Q. How many savings accounts may be enrolled to receive QuickSaveSM transfers?
A. You may have only one personal savings or money market account enrolled in the QuickSave
SM program. At least one checking account owner must also be an owner on the personal savings or money market account.
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Q. Are there any other requirements to be enrolled in QuickSaveSM?
A. Yes, Enrollment in the QuickSave
SM program requires a combined statement; the savings will be linked to a personal checking account.
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QuickSaveSM Transfers
Q. When does the QuickSaveSM transfer take place?
A. At the end of each business day, we determine the number of Check Card and Online BillPay transactions that are eligible QuickSave
SM transactions. We multiply the number of eligible transactions by the QuickSave
SM transfer amount, then we make a QuickSave
SM transfer; that is, we move a single credit amount to the savings or money market account.
For example, if there are three eligible transactions (Check Card or electronic Online BillPay) and the QuickSave
SM transfer amount is $.50, we will deduct $1.50 from the checking account and credit the savings or money market account with $1.50.
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Q. What if the check card transaction is made on Saturday or Sunday?
A. Eligible transactions made on a non-business day will be combined with eligible transactions made on the following business day. The term "business day" means every day except Saturdays, Sundays, and federal holidays.
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Q. Will the QuickSaveSM transfer occur if there are not enough funds in my checking account?
A. No, the QuickSave
SM transfer will not be processed on any day that sufficient funds are not available or if the QuickSave
SM transfer would result in an overdraft. In such a case, the QuickSave
SM transfer will not be processed at a later date.
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Q. If I have Overdraft Protection would the QuickSaveSM transfer occur when the balance is not sufficient?
A. No.
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Q. Can the QuickSaveSM transfer amount be changed?
A. Yes. Contact our 24-Hour ExpressBank or stop by your local branch.
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Q. Can the QuickSaveSM transfer amount be something other than $.50 or $.25?
A. No, at this time, only $.50 or $.25 is available.
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Q. Which transactions generate a QuickSaveSM transfer?
A. Purchases made with your Bank of Oklahoma Check Card (signature or PIN-based) are eligible transactions. The purchase must result in a debit transaction that posts to the preselected, personal Bank of Oklahoma checking account.
Plus, electronic Bank of Oklahoma Online BillPay transactions are eligible transactions. Online BillPay transactions that do not result in an electronic transfer of money are not eligible transactions. These non-eligible transactions post to the account (and are listed on the monthly statement) as a paper check.
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Q. Are there Check Card transactions that aren't eligible?
A. Yes, ATM related transactions conducted using your Check Card such as deposits, withdrawals, balance inquiries, transfers, credits, pre-authorizations, reversals, and other checking account inquiries are not eligible transactions.
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Q. What happens if a Check Card transaction or Online BillPay debit transaction is later cancelled or reversed?
A. If an eligible Check Card or electronic Online BillPay debit transaction is later cancelled or reversed, the original QuickSave
SM transfer will remain in the savings or money market account.
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Bank Match
Q. What exactly will the bank match?
A. During the first three months after enrollment in the QuickSave
SM program, we will match 100% of the QuickSave
SM transfers. Afterwards, we will match 5% of the QuickSave
SM transfers
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Q. When will the bank match be awarded?
A. Each year the bank will automatically transfer the bank match award to the personal savings or money market account within 6-8 weeks after the QuickSave
SM enrollment anniversary date.
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Q. How do I actually receive the match?
A. To receive the bank match award, at the time the bank match award is credited, the account must be enrolled in and actively using the QuickSave
SM program. Both of the enrolled accounts (savings or money market and checking) must be open and in good standing.
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Q. What happens if I stop making check card or electronic Online BillPay transactions?
A. After 3 successive months of no eligible QuickSave
SM transactions the account will be un-enrolled and any accrued bank match awards will be forfeited.
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Q. Is there a limit to the match?
A. Yes, the bank match award is limited to $250 annually.
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Q. Is the match reported to the IRS?
A. Yes, the amount of the bank match award paid will be reported to the IRS on Form 1099 as earned interest in accordance with IRS guidelines.
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Click below to open your checking or savings account today.