Cy Fair Sun - News
Guaranty Bank offers innovative checking
From Staff Reports
HOUSTON – Guaranty Bank has introduced a new checking account that will save consumers money. Guaranty Checking is an innovative checking account that provides access to every ATM worldwide free of all fees, requires no minimum balance, rewards check card purchases, pays interest, and provides free ID theft insurance for the primary account holder. In an age where the cost of living continues to soar, Guaranty Bank is putting money back in consumers’ pockets.
“We created a product for consumers that puts money back into their wallets and eases the burden of inflation and the rising cost of food and fuel,” said Sara Henry, Manager for the FM 1960 banking center.
Guaranty conducted focus groups and discovered consumers are unhappy paying fees to access their own money. Guaranty Checking allows consumers to withdraw funds at any ATM in the world for free. Research shows consumers don’t typically keep large balances in their checking accounts and are concerned about identity theft. Guaranty Checking has no minimum balance requirements, no monthly fees, provides free ID theft insurance, pays interest and rewards consumers for check card purchases.
Guaranty Checking was not only designed to save consumers money, but also to provide convenient and accessible banking. While most banks offer some sort of free checking product, there are numerous stipulations attached, such as balance requirements, mail in rebate requirements and/or ATM rebate restrictions. Guaranty Checking has no such requirements, other than a $1 opening balance requirement.
“Consumers shouldn’t have to pay fees to take their own money out of their own checking account,” said John Wessman, Chief Marketing Officer for Guaranty Bank. “Guaranty Checking allows consumers to bank when and where they want. If a consumer uses an ATM once a week, that alone could easily add up to savings of more than $100 — $200 a year.”
As ATM fees and surcharges steadily increase, banks are profiting, while the average family loses hundreds of dollars a year. Based on data from the US General Accounting Office, it is estimated that consumers will pay $2.2 billion this year in ATM fees. The average surcharge for using an ATM is $2 and with some banks out-of-network fee, consumers may end up paying between $3 and $4 – added together each month, those fees could equal a free tank of gas every couple of months.
-more-
With Guaranty Checking, consumers no longer need to drive around in circles looking for their banks’ ATM … every ATM is free, every day, everywhere in the world. With gas fast approaching $4 and $5 per gallon, the cost of looking for your bank’s ATM could easily exceed the $3-$4 they incur when using another bank’s ATM. With Guaranty Checking consumers get the best of both worlds – using any and every ATM without paying.
Guaranty Checking is an interest-earning account, with a $1 minimum opening deposit and no minimum balance required. Consumers can rest easy knowing they will not only save money, but also make money through the Nickel Back reward program.
Below are additional differentiating benefits of Guaranty Checking:
? Free ATMs worldwide with unlimited automatic surcharge refunds– if any bank charges an ATM fee, Guaranty Bank pays it
? Nickel back reward – customers will receive a five cent rebate each time they select “credit” (i.e. signature-based purchases) when using the Guaranty Visa® Check Card
? No monthly service charges, minimum balance requirements or direct deposit requirements
? Free identity theft coverage up to $2,500 for primary account holder
? Pays interest
? Free checks for life or 50p off custom design checks
? Free Guaranty Visa Check Card internet banking and bill pay
About Guaranty Bank
Guaranty Bank has been providing exemplary customer service and products for over 75 years. The Bank recently scored high in customer satisfaction compared to the U.S. largest retail banks based on fourth quarter 2007 research conducted by the American Customer Satisfaction Index (ACSI).
Guaranty Bank provides consumer and business banking services through a network of more than 150 banking centers in California and Texas as well as financing to middle market companies, independent energy producers, and the real estate industry. Guaranty Bank is a subsidiary of Guaranty Financial Group Inc., which is the second largest publicly-traded financial institution holding company headquartered in Texas and one of the 50 largest publicly-traded financial institution holding companies based in the U.S. ranked by asset size. Guaranty Bank also operates an insurance agency, Guaranty Insurance Services, Inc.
Guaranty Bank is a Member FDIC and Equal Housing Lender.
“We created a product for consumers that puts money back into their wallets and eases the burden of inflation and the rising cost of food and fuel,” said Sara Henry, Manager for the FM 1960 banking center.
Guaranty conducted focus groups and discovered consumers are unhappy paying fees to access their own money. Guaranty Checking allows consumers to withdraw funds at any ATM in the world for free. Research shows consumers don’t typically keep large balances in their checking accounts and are concerned about identity theft. Guaranty Checking has no minimum balance requirements, no monthly fees, provides free ID theft insurance, pays interest and rewards consumers for check card purchases.
Guaranty Checking was not only designed to save consumers money, but also to provide convenient and accessible banking. While most banks offer some sort of free checking product, there are numerous stipulations attached, such as balance requirements, mail in rebate requirements and/or ATM rebate restrictions. Guaranty Checking has no such requirements, other than a $1 opening balance requirement.
“Consumers shouldn’t have to pay fees to take their own money out of their own checking account,” said John Wessman, Chief Marketing Officer for Guaranty Bank. “Guaranty Checking allows consumers to bank when and where they want. If a consumer uses an ATM once a week, that alone could easily add up to savings of more than $100 — $200 a year.”
As ATM fees and surcharges steadily increase, banks are profiting, while the average family loses hundreds of dollars a year. Based on data from the US General Accounting Office, it is estimated that consumers will pay $2.2 billion this year in ATM fees. The average surcharge for using an ATM is $2 and with some banks out-of-network fee, consumers may end up paying between $3 and $4 – added together each month, those fees could equal a free tank of gas every couple of months.
-more-
With Guaranty Checking, consumers no longer need to drive around in circles looking for their banks’ ATM … every ATM is free, every day, everywhere in the world. With gas fast approaching $4 and $5 per gallon, the cost of looking for your bank’s ATM could easily exceed the $3-$4 they incur when using another bank’s ATM. With Guaranty Checking consumers get the best of both worlds – using any and every ATM without paying.
Guaranty Checking is an interest-earning account, with a $1 minimum opening deposit and no minimum balance required. Consumers can rest easy knowing they will not only save money, but also make money through the Nickel Back reward program.
Below are additional differentiating benefits of Guaranty Checking:
? Free ATMs worldwide with unlimited automatic surcharge refunds– if any bank charges an ATM fee, Guaranty Bank pays it
? Nickel back reward – customers will receive a five cent rebate each time they select “credit” (i.e. signature-based purchases) when using the Guaranty Visa® Check Card
? No monthly service charges, minimum balance requirements or direct deposit requirements
? Free identity theft coverage up to $2,500 for primary account holder
? Pays interest
? Free checks for life or 50p off custom design checks
? Free Guaranty Visa Check Card internet banking and bill pay
About Guaranty Bank
Guaranty Bank has been providing exemplary customer service and products for over 75 years. The Bank recently scored high in customer satisfaction compared to the U.S. largest retail banks based on fourth quarter 2007 research conducted by the American Customer Satisfaction Index (ACSI).
Guaranty Bank provides consumer and business banking services through a network of more than 150 banking centers in California and Texas as well as financing to middle market companies, independent energy producers, and the real estate industry. Guaranty Bank is a subsidiary of Guaranty Financial Group Inc., which is the second largest publicly-traded financial institution holding company headquartered in Texas and one of the 50 largest publicly-traded financial institution holding companies based in the U.S. ranked by asset size. Guaranty Bank also operates an insurance agency, Guaranty Insurance Services, Inc.
Guaranty Bank is a Member FDIC and Equal Housing Lender.
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