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ESTIMATE YOUR SAVINGS

Debit Card Purchases (number per month)
Online BillPay Payments (number per month)
QuickSaveSM Amount
QuickSaveSM Annual Savings
Debit Card Purchases
BillPay Payments
Annual Savings
Our Contribution
First 3 Months (100% match)
Next 9 Months (5% match)
Year 1 Match
Yearly Match will not exceed $250.00
TOTAL PROJECTED YEAR 1 SAVINGS

QUICKSAVESM... YOUR OFFICIAL SAVINGS PARTNER

Saving for the future is an important goal but we know it's not easy…especially when you go at it alone. But what if you had a partner to help you, to make it easier to save? Well, now you do with QuickSaveSM from Bank of Oklahoma.

With QuickSaveSM, you automatically put something into your savings when you use your Debit Card or pay a bill with Online BillPay. Plus, we will match a portion of those savings…up to $250 a year. Just tell us the amount you want to transfer to your savings account with each transaction and we'll do the rest.  Just stop by one of our convenient banking centers or call an ExpressBanker to get started today!

 

To enroll, tell us how much you want to save with each Debit Card and 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 Debit Card and Online BillPay transactions, multiply the total by your QuickSaveSMamount, $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.

Open an Account

Here is what you need to get started with QuickSaveSM

  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 Debit Card

Click below to open your checking or savings account today.

Open an Account

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 debit 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 Debit Card transactions that aren't eligible?
Q. What happens if a Debit 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 debit 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 QuickSaveSM, 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 Debit 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 QuickSaveSM 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 QuickSaveSM 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 QuickSaveSM 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 Debit Card and Online BillPay transactions that are eligible QuickSaveSM transactions. We multiply the number of eligible transactions by the QuickSaveSM transfer amount, then we make a QuickSaveSM transfer; that is, we move a single credit amount to the savings or money market account. For example, if there are three eligible transactions (Debit Card or electronic Online BillPay) and the QuickSaveSM 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 debit 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 QuickSaveSM transfer will not be processed on any day that sufficient funds are not available or if the QuickSaveSM transfer would result in an overdraft. In such a case, the QuickSaveSM 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.

 



Q. Which transactions generate a QuickSaveSM transfer?

A. Purchases made with your Bank of Oklahoma Debit 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 Debit Card transactions that aren't eligible?

A. Yes, ATM related transactions conducted using your Debit 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 Debit Card transaction or Online BillPay debit transaction is later cancelled or reversed?

A. If an eligible Debit Card or electronic Online BillPay debit transaction is later cancelled or reversed, the original QuickSaveSM 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 QuickSaveSM program, we will match 100% of the QuickSaveSM transfers. Afterwards, we will match 5% of the QuickSaveSM 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 QuickSaveSM 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 QuickSaveSM 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 debit card or electronic Online BillPay transactions?

A. After 3 successive months of no eligible QuickSaveSM 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. Back to Top

For additional program details, see the QuickSaveSM Terms and Conditions.

© 2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.