Log in to your Simmons Trust Wealth Management, Request a Business Credit Card Application, Request a Corporate Credit Card Application, Terms and Conditions of Your Account - Personal Banking. The electronic fund transfers we permit are offered for the convenience of managing your HSA. We will send you confirmation - either in writing or by another type of record - of your stop-payment order which will include the date on which your stop-payment order will lapse. Reflector Series Go digital with our top-rated mobile app. The fee imposed will equal 360 days interest on the amount withdrawn. Accrual of interest on noncash deposits -Interest begins to accrue on the business day you deposit noncash items (for example, checks). Accrual of interest on noncashdeposits -Interest begins to accrue no later than the business day we receive credit for the deposit of noncashitems (for example, checks). After 12 months of proper account management, the bank may, at the customers request, evaluate the account for another account type. In the event of a conflict between the certificate of deposit terms and disclosures and any other provision of this agreement, the terms of this agreement shall control. In order to qualify for Relationship Premium A on your Coin Savings account for a particular statement cycle, you must have (i) at least one linked Coin Checking account (to be linked, a Coin Checking account must have the same primary account holder as the Coin Savings account) and (ii) made a combined minimum of 15 purchase transactions (atm and other cash withdrawal transactions are excluded) during the calendar month preceding the last day of your statement cycle using the Simmons Bank-issued debit card(s) connected to your linked Coin Checking account(s). If you will need the funds from a deposit right away, you should ask us when the funds will be available. Your interest rate and annual percentage yield may change. WebYou may set up an ATM withdrawal from your checking or savings account that allows ATM access using your Bank of America ATM/debit card. Account Movement You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. Failure to examine your statement and items and report any errors or problems to us within 60 days of when we first send or make the statement available precludes you from asserting a claim against us for any errors or problems related to items or other matters identified in that statement and as between you and us the loss will be entirely yours. By opening and maintaining your account with us, you consent to our asserting our security interest in your account, to the extent any applicable laws require your consent. We may determine the available balance in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the time we receive the item and when we return the item or send a notice in lieu of return. The Notice to us should be sent by certified mail to: Legal Department, Simmons Bank, P.O Box 7009, Pine Bluff, Arkansas 71611-7009 (Notice Address). This fee will not apply until the primary owner reaches age eighteen (18). WebTeller deposits after 6:00 p.m. and Peapack-Gladstone Bank ATM deposits after 3:00 p.m. will be credited on the next business day. We may rely on the number even if it identifies a financial institution, person or account other than the one named. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. Your duty to report other errors or problems -In addition to your duty to review your statements for unauthorized signatures, alterations and forgeries, you agree to examine your statement with reasonable promptness for any other error or problem - such as an encoding error, an unexpected deposit amount, or an improper fee or charge. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the fee, charge, or overdraft. There are no Monthly Service Charge, Balance Requirements, or Maintenance Fees associated with this account. You must notify us at once if you suspect that your facsimile signature is being or has been misused. There are no Monthly Service Charge, Balance Requirements or Maintenance Please note, accrued interest is not credited until it equals at least $0.01. We are not responsible for the actions of a fiduciary, including the misuse of funds. Tell us your name and account number (if any). Rejecting this arbitration provision will not affect your other rights or responsibilities under this Agreement. You can withdraw interest only on the crediting dates. WebThe Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. This includes, but is not limited to, disputes between you and another joint owner; you and an authorized signer or similar party; or a third party claiming an interest in your account. An atm is a terminal located on the placements of financial institutions or elsewhere, through which customers may make withdrawals, deposits or The available balance may increase or decrease throughout the day based on the account activity. WebNew Customer Limits: Online transfers are limited to a maximum of: $100,000 per transaction; $100,000 per day; $150,000 per month; New Customers can make up to six Nothing in this document is intended to vary our duty to act in good faith and with ordinary care when required by law. For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. Mobile deposit is available to Simmons Bank online and mobile banking customers who are at least 18 years of age and have the most recent Simmons Bank App for iPhone or Android. They will generally be available no later than the seventh business day after the day of your deposit. As an alternative to making a large cash withdrawal, you may want to consider a cashier's check or similar instrument. As used in this document the words we, our, and us mean the financial institution (Simmons Bank), and the words you and your mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. Simmons Bank Mobile Deposit allows you to deposit checks to any of your Simmons Bank checking or savings accounts using the camera on your smartphone or tablet. If we offered you a commercially reasonable security procedure which you reject, you agree that you are responsible for any payment order, whether authorized or not, that we accept in compliance with an alternative security procedure that you have selected. If we receive returned mail, we may impose a service fee. For instance, if we suspect fraudulent activity with respect to your account, we might immediately freeze or close your account and then give you notice. Minimum balance to obtain the annual percentage yield disclosed -You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield. If you have an overdraft line and the transfer would go over the credit limit. To obtain the report card benefit, customers must provide proof of grades in the branch via sealed or stamped report, for up to $10.00 in total reward value. If you meet the above Relationship Premium A requirements in the calendar month preceding the last day of your current statement cycle, you will qualify for Relationship Premium A on your most recently opened Coin Savings account for that statement cycle and receive the Base Rate plus an additional 25 basis points (.25%) in interest on any daily balance amount up to and including $10,000.00. You can only withdraw interest credited in the term before maturity of that term without penalty. We will not be liable, for instance: We will disclose information to third parties about your account or the transfers you make: (b) Contact in event of unauthorized transfer -If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. In the event a special CD term is offered, the CD will renew at the term closest to the CD special term. Accounts not funded within 45 days of account opening will be closed. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if this is an interest-bearing account. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. Please ensure that your email address is current. You may safely keep up to $250,000 in an individual account or $500,000 in a joint bank account. The limitation in this paragraph is in addition to (and not in limitation of) that contained in the first and second paragraphs of this section. Except as indicated elsewhere, we do not charge for these electronic fund transfers. If your account has an original maturity of less than one year: The fee imposed will equal 180 days interest on the amount withdrawn. Notice to any of you is notice to all of you. From there, select the Payments and limit section in the lower-left corner to open it You will pursue your rights or, at our option, assign them to us so that we may pursue them. WebSimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022. For the purpose of charging these fees, our determination of whether your available balance is sufficient to pay an item is made when the item is processed and posted to your account. Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $100,000.00 in the account each day to obtain the disclosed annual percentage yield. must fall within 11/2 of the trailing edge of a check. We may refuse to accept the designation of an agent. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. However, we must first obtain your consent to contact you about your account because we must comply with the consumer protection provisions in the federal Telephone Consumer Protection Act of 1991 (TCPA), CAN-SPAM Act and their related federal regulations and orders issued by the Federal Communications Commission (FCC). You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. All costs and attorneys fees can be deducted from your account when they are incurred, without notice to you. Only ACH transactions described above which have been settled and posted no later than the last business day of the month preceding the end of your current statement cycle will be counted toward eligibility for Relationship Premium B for a given statement cycle. You agree to pay all fees and charges applicable to the accounts and services we provide to you, including, but not limited to, those described in this agreement and in our Schedule of Fees and Charges. Account is not eligible for overdraft privileges. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). All issues are for the arbitrator to decide, except that the court will decide any disputes over the arbitrability of claims. Computer Transfers - types of transfers -You may access your account(s) by computer through the internet by logging onto our website at www.simmonsbank.com and using your user identification and a password, to: Mobile Banking Transfers - types of transfers -You may access your account(s) through the browser on your cell or mobile phone at www.simmonsbank.com and using your user identification and a password, to: You may be charged access fees by your cell phone provider based on your individual plan. We may continue to honor your checks, items, and instructions until: (a) we know of your death or adjudication of incompetence, and (b) we have had a reasonable opportunity to act on that knowledge. We have organized your account in a nontraditional way. UPLOAD OF ELECTRONIC DEPOSIT TO UMPQUA BANK . If we are served with a subpoena, restraining order, writ of attachment or execution, levy, garnishment, search warrant, or similar order relating to your account (termed legal action in this section), we will comply with that legal action. You will not be responsible for such transactions if we acted in bad faith or to the extent our negligence contributed to the loss. Agents have no ownership or rights at death unless also named as Pay-on-Death beneficiaries. Credit card limits: The amount of your current credit limit Wire transfer limits : Pay-On-Death Account You may create a Pay-On-Death account by designating one or more Pay-On-Death beneficiaries. In that case, we will reverse the credit of the item. (7) Future Changes to Arbitration Provision:Notwithstanding any provision in this Agreement to the contrary, you and we agree that if we make any future change to this arbitration provision (other than a change to the Notice Address), you may reject that change by sending us written notice within 30 days of the change to the Notice Address provided above. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. We will tell you the results within three business days after completing our investigation. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. Schwab is an online-only bank, so you'll likely want to keep another account at a local bank or credit union to deposit cash. We will add all of your open and active accounts to Mobile Deposit. In this arbitration provision only, references to you and your mean the account owners, all authorized or unauthorized users or beneficiaries of the account, each of those persons assignees, heirs, trustees, agents, or other representatives, and if the account owner is a business, the account owners parents, subsidiaries, affiliates, predecessors, successors, assigns, and each of those entities agents and employees. Subject to federal and state law, we may monitor or record telephone calls for security reasons, to maintain a record and to ensure that you receive courteous and efficient service. Fees Except as stated below, you agree that we may charge fees if we pay an item that creates an overdraft or if we return an item that would have overdrawn your account. You assume full responsibility of any loss in the event the cash you withdraw is lost, stolen, or destroyed. If we need more time, however, we may take up to 45 days to investigate your complaint or question. (3) Pre-Arbitration Notice of Disputes:Before either you or we commence arbitration, the claimant must first send to the other a written Notice of Dispute (Notice). In connection with the posting process, we generally group transactions into two main categories: debits and credits. To ensure that your check or share draft is processed without delay, you must indorse it (sign it on the back) in a specific area. If you do not do so, or if you have too many overdrafts, we may close your account. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement, or as executors, administrators, or conservators under court orders. Automatically renewable time account -This account will automatically renew at maturity. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. Insert your cash in the envelope and seal it. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. The Simply Youth Savings account will convert to a Simply Savings account when the primary owner turns 18. If you meet the above Relationship B requirements in the calendar month preceding the last day of your statement cycle, you will qualify for Relationship Premium B on your most recently opened Coin Savings account for that statement cycle and receive the Base Rate plus an additional 50 basis points (.50%) in interest on any daily balance amount up to and including $10,000.00. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. If you do not wish to accept it, you must follow the instructions in paragraph (9) below to reject arbitration. You agree to hold us harmless from any loss you incur as a result of your decision to withdraw funds in the form of cash. Dormant Account Fees do not apply to accounts owned by Texas residents and only apply to accounts when the daily balance falls below $2,500.00 any day of the statement cycle. Your account consists of two subaccounts. After the hold has been reduced or removed, you may make deposits into or withdrawals from your account subject to any remaining hold amount. If we become aware of a dispute or claim related to your account, we may, in our sole discretion, freeze your account, place a hold on your account (refuse payment or withdrawal of the funds), or take any other actions described in this section. Minimum balance to open the account -You must deposit $50.00 to open this account. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account.For errors involving new accounts, point-of-sale, or foreign transactions, we may take up to 90 days to investigate your complaint or question. A minimum of $0.01 must be deposited within 45 days of account opening. This fee will not apply until the primary owner reaches age eighteen (18). The excess over $5,525 will be available on the fifth business day after the day of your deposit. An interest accrual that totals less than $0.01 is carried forward to be added to future accruals. We will use what is called a substitute (or electronic) deposit slip to post the deposit to your account. Accounts not funded within 45 days of opening will be closed. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. If we receive a payment order to credit an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. Our forbearance from, or delay in, exercising any of our rights, remedies, or privileges under this agreement or applicable law shall not be construed to be a waiver of those rights, remedies, or privileges. Daily balance computation method - We use the daily balance method to calculate the interest on your account. Withdrawals and other categories of debits are generally posted after credits. Create one here.Forgot User ID or Password? Select the account where the deposit should credit, enter the amount of the check and take a picture of the front and back of the check. You agree to be bound by automated clearing house association rules, which are available from us on request or from Nachas website. In the event of a conflict, the terms of the HSA Agreement control. If you are a new customer, the following special rules will apply during the first 30 days your account is open. Compounding and crediting frequency - Interest will be compounded every month. There are no limitations on the frequency or timing of additional deposits, except that no additions can be made in the last seven days before maturity. Minimum balance to open the account -You must deposit $10.00 to open this account. If you do not wish to agree to arbitration, please refer to the section entitled Dispute Resolution by Binding Arbitration for instructions on how to reject arbitration. When we transition from one business day to the next business day, we post transactions to your account during our nightly processing for each business day. This information will not, however, affect the number of signatures necessary for withdrawal. Unless we have acted in bad faith, we will not be liable for special or consequential damages, including loss of profits or opportunity, or for attorneys fees incurred by you. Any disputes as to recovery of the $500 minimum recovery shall be resolved by the arbitrator, and must be raised within 14 days of the arbitrators ruling on the merits. The appellant shall pay all fees and costs for the appeal unless the panel determines that the appellant is the prevailing party, in which case the panel shall have the discretion in its final award to reallocate the fees and costs as justice or otherwise applicable law requires. If a discrepancy exists between these online copies and what has been provided to you by Simmons Bank, any documents provided to you by Simmons Bank shall govern. Web 2023 Simmons Bank Privacy policy Member FDIC Equal Housing Lender For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). We may reverse any provisional credit for items that are lost, stolen, or returned. This information can be found on your check as well as on a deposit or withdrawal slip. Indorsements must be made in blue or black ink, so that they are readable by automated check processing equipment. As you look at the front of a check, the trailing edge is the left edge. There is no Monthly Service Charge on this account. This right of setoffdoes not apply to this account if prohibited by law. You also warrant that any substitute check you create conforms to the legal requirements and generally accepted specifications for substitute checks. If you have multiple open Coin Savings accounts, Relationship Premiums will only be paid to the most recently opened of the Coin Savings accounts, and only one Coin Savings account per account holder may be eligible for Relationship Premiums. Customer- initiated activity includes (A) a communication between the bank and the customer in which (i) the customer requests the account status be changed to active and (ii) the customers identity is authenticated by the bank, (B) deposits to the account, or (C) withdrawals from the account, but does not include the payment of interest or the assessment of fees and charges by the bank.

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