Everything You Need to Know About Bank of Ocean City: Services, Benefits, and More

Like community banks, Bank of Ocean City expertises in personal banking to give better services to the needs of its customers locally. Below is an overview of what you will be entitled to: services offered, their benefits, and other details:

Services

1. Personal Banking:

• Checking Accounts: Checking accounts options include no-fee, interest-bearing options, and special features such as mobile banking.
• Savings Accounts: Regular savings accounts, high-yield options, perhaps specialized savings accounts like a certificate of deposit.
• Loans: Personal loans, auto loans, home equity lines of credit; they can also offer both mortgages and home equity loans.
• Credit Cards: Options on credit cards, such as reward cards, low-interest cards, and secured credit cards.
• Online and Mobile Banking: A secure online portal or mobile app to manage your transactions, pay bills, and monitor account activities.

1. Business Banking:

• Business Checking Accounts: Small to medium-sized businesses tailored with additional features such as merchant services and payroll solutions.
• Business Loans: Funding for business startups or expansion, lines of credit, equipment financing.
• Commercial Real Estate Loans: Purchasing or improving commercial property.
• Cash Management Services: Tools to manage your business cash flow effectively, including ACH services and fraud protection.

1. Investment Services:

• Financial Planning: It involves the provision of tailored financial planning and advisory services that incorporate retirement plans, investment strategies, and other issues.
  • Investment Products: This involves access to investment products such as mutual funds, stocks, and bonds, among others.

1. Wealth Management:
   • Trust Services: Management of trusts and estates, and fiduciary services.
     Private Banking: Individualistically dispensed services to high-net worth customers with hand-tailored loan options and exclusive advice in finance.

Benefits

1. Local Focus: Personal service and a deep understanding of the needs and issues relevant to the local community.
2. Customer Service: More individualistic customer service and often available in most cases than big national banks.
3. Flexibility: Greater flexibility in lending and banking services; often less bureaucracy.
4. Community Involvement: Active participation in community events and charitable causes reflects commitment to the community.
5. Rates—Competitive: Interest rates on deposits and loans may be competitive and priced in relation to the local market.

Other Information

1. Branches and ATMs: Various locations and ATMs in your area provide convenient access to banking.
2. Security: Tight security for protecting personal and financial information, combined with fraud detection and safe online banking.
3. Fees: vary with account type and sometimes by level of service; generally, community banks have lower fees than larger banks.

### Opening an Account

In-Store: Visit any local branch to discuss opening an account or a specific service with a representative
Online Application: Most of the services are online and one can apply through the bank’s website.

• Customer Service: Contact their customer support team with your questions, or schedule an appointment with one of their financial advisors.

To obtain the latest information and be updated on rates and other specific product offerings, you are best advised to visit the Bank of Ocean City’s website or contact them directly.