The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 will not be available until the second business day after the day of your deposit. The available balance may increase or decrease throughout the day based on the account activity. Some business size checks (the long ones) do not work with Mobile Deposit. For every $1 spent, you receive rewards that you can put back into your business. If two or more beneficiaries are named and survive the death of all persons creating the account, such beneficiaries will own this account in equal shares, with right of survivorship. We may allow account owners to designate an agent on their account using a power of attorney. Your entire indorsement (whether a signature or a stamp) along with any other indorsement information (e.g. Safeguard exceptions -In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. You may know that most banks have ATM withdrawal limits. Deposit limits exist, too, although they are less common. Capital One, for example, has a one-time cash deposit limit of $5,000. Some banks also set limits on how many bills (individual banknotes) you can deposit through an ATM. The fee is the lesser of $35 or the annual interest earnings on the account. Box 7009, Pine Bluff, AR 71611. A dispute or claim includes, but is not limited to, (1) others claiming an interest as survivors or beneficiaries of your account; (2) a claim arising by operation of law; (3) a dispute between you and another joint owner, you and an authorized signer or similar party; (4) a third party claiming an interest in your account; or (5) any other claim adverse to your own interest. WebMaximum daily amount you can request. You agree to hold us harmless from any claim arising as a result of our exercise of our security interest or right of setoff. We will treat and record all transactions received after our daily cutoff time on a business day we are open, or received on a day we are not open for business, as if initiated on the next business day that we are open. This fee will not apply until the primary owner reaches age eighteen (18). 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. An interest accrual that totals less than $0.01 is carried forward to be added to future accruals. We may charge a fee for anyone that does not have an account with us who is cashing a check, draft or other instrument written on your account. Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. In general, your stop-payment order - whether we receive it orally, in writing, or by another type of record - will be effective for six months. 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. WebIf your mobile deposit exceeds your per-item limit, a two-to-three-day hold will be placed for the amount exceeding the limit. The interest rate and annual percentage yield described below in the Your Account section reflect the base interest rate (Base Rate) in effect as of the date this disclosure is provided to you, and do not reflect any potential increases in the interest amount as a result of Relationship Premiums. If you are a consumer customer, the same switch to the Commercial Arbitration Rules and a three-arbitrator panel shall apply if both you and we agree. Minimum balance to open the account -You must deposit $25.00 to open this account. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. claims arising from bodily injury or death; claims seeking only individualized relief asserted by you or us in small claims court, so long as the action remains in that court and is not removed or appealed to a court of general jurisdiction, in which case either party may elect arbitration; claims to collect or challenge debts owed pursuant to an extension of credit under a separate agreement or note (such as a separate loan agreement, promissory note, or bank card agreement), in which case the dispute over the debt shall be governed by the dispute-resolution procedures set forth in that separate agreement or note; and. Minimum balance to open the account -You must deposit between $300.00 to $5,000.00 to open this account. Get the buying power you need with the rewards you want. You must notify us at once if you suspect that your facsimile signature is being or has been misused. You will be liable for our costs as well as for our reasonable attorneys fees, to the extent permitted by law, whether incurred as a result of collection or in any other dispute involving your account. Further details about these accounts are inside this brochure. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. 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. We are not responsible for transactions by mail or outside depository until we actually record them. (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. You must file any lawsuit or arbitration against us within two years after the cause of action arises, unless applicable law or an applicable provision of this agreement or any other agreement between you and us provides for a shorter time. Get the buying power you need with the rewards you want. Duty to protect account information and methods of access -It is your responsibility to protect the account numbers and electronic access devices (e.g., an ATM card) we provide you for your account(s). If necessary, you may change or remove any of the telephone numbers or email addresses at any time using any reasonable means to notify us. Minimum balance to avoid imposition of fees -A monthly service charge fee of $6.00 will be imposed every statement cycle unless you maintain either a minimum daily balance of $500.00 or a monthly average daily balance of $1,000.00 for the monthly statement cycle. We will not be liable for any items that are dishonored as a consequence of placing a freeze or hold on funds in your account or taking other actions described in this section. After 12 months of proper account management, the bank may, at the customers request, evaluate the account for another account type. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened. Joint Account - No Survivorship (As Tenants In Common) -is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. We will not be liable if we do not follow your instructions if we reasonably believe that following your instructions would expose us to potential loss or civil or criminal liability or conflict with customary banking practice. If you have complied with the requirements of this paragraph and the arbitrator awards you an amount of money that exceeds the value of our last written settlement to you before the appointment of the arbitrator, then we will pay you $500 in lieu of any smaller award. You understand that your HSA is intended to be used for payment of qualified medical expenses. If an arbitration provision has been added for the first time to the agreement for an existing account, your Rejection Notice must be postmarked on or before the effective date of that amendment to that agreement. Because we do not inspect each item, if you write a check to multiple payees, we can properly pay the check regardless of the number of indorsements unless you notify us in writing that the check requires multiple indorsements. You andwe each waive the right to a trial by jury or to participate in a classaction whenever either you or we elect arbitration. There is no Monthly Service Charge on this account. The report card benefit will be paid at the close of the calendar school year and proof of grades should be submitted within 30 days of end-of-year (May/June) report card. The owner is responsible for all transactions of the agent. For example, your available balance may not reflect (1) outstanding checks and authorized withdrawals that we have not received, (2) debit card transactions that you authorized but that have not been submitted by the merchant, (3) the final amount of a debit card purchase that has been authorized (like a car rental or hotel bill), or (4) amounts from deposits that are not yet available (see the disclosure titled Your Ability to Withdraw Funds for more information). If there is a cross-appeal, the costs shall be borne equally by both sides, subject to reallocation by the panel in its final award as justice or otherwise applicable law requires. WebTo get started, log into online banking and follow these steps: Select My Accounts at the top of the page, then select the account you'd like to view your limit for. establish rules to cover transactions or events which the law does not regulate; establish rules for certain transactions or events which the law regulates but permits variation by agreement; and. (8) Additional Procedures for Complex Disputes:If the actual damages sought by either you or us in an arbitration exceeds $250,000 (not counting amounts sought for punitive, statutory, treble, or emotional harm damages or for attorneys fees or costs), then the following additional procedures apply. Agents have no ownership or rights at death unless also named as Pay-on-Death beneficiaries. As a small business owner, if you foresee a time when you would be receiving enough funds to exceed $10,000 in deposits in the near future, talk You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate. If you have any difficulties, please email support@simmonsbank.com or call us at 1-866-246-2400. You will pursue your rights or, at our option, assign them to us so that we may pursue them. Yes. Minimum balance to open the account -You must deposit $50.00 to open this account. You agree that the time you have to examine your statement and report to us pursuant to this section will depend on the circumstances, but will not, except as provided in the next paragraph, exceed a total of 30 days from when the statement is first sent or made available to you. Unless prohibited by law, we also reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initially paid by the payor bank and which is later returned to us due to an allegedly forged, unauthorized or missing indorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of credit (for example, a counterfeit cashier's check). If you and we do not reach an agreement to resolve the claim within 45 days after the Notice is received, you or we may commence an arbitration proceeding. Simmons Bank has been named to Forbes magazine's "World's Best Banks" list for a third year running. The Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. For instance, the early withdrawal penalty may be imposed if the withdrawal is caused by our setoff against funds in the account or as a result of an attachment or other legal process. Any holds associated with your account reduce the available balance. (2) Claims Not Subject to Arbitration:You and we agree that the following disputes or claims cannot be arbitrated: These exclusions from arbitration are intended to be interpreted narrowly. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. The fee imposed will equal 360 days interest on the amount withdrawn. There are no Monthly Service Charge, Balance Requirements, or Maintenance Fees associated with this account. This fee will not apply until the primary owner reaches age eighteen (18). Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The rules in this section cover stopping payment of items such as checks and drafts. For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. You must include your name, account number, and card number. 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. Excluded claims must be resolved by a court with jurisdiction. Webass anal stretching. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. Even if we honor a nonconforming request, we are not required to do so later. 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 that you will indemnify, defend, and hold us harmless for any loss, liability, damage or expense that occurs because your indorsement, another indorsement or information you have printed on the back of the check obscures our indorsement. Minimum balance to avoid imposition of fees -A service charge fee of $5.00 will be imposed monthly if the balance in the account falls below $100.00 any day of the cycle. The monthly and daily ATM withdrawal limits per individual can vary greatly by the bank and by the account. Beginning with the statement cycle in which your account is opened and for each statement cycle thereafter, your Coin Savings account may be eligible to earn either Relationship Premium A, Relationship Premium B, or neither. 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. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Because stop-payment orders are handled by computers, to be effective, your stop-payment order must precisely identify the number, date, and amount of the item, and the payee. An account may not qualify for both Relationship Premiums A and B in any given statement cycle. You will receive notice of any changes to your limit. This account is available to Individuals. Positive pay and other fraud prevention services -Except for consumer electronic fund transfers subject to Regulation E, you agree that if we offer you services appropriate for your account to help identify and limit fraud or other unauthorized transactions against your account, and you reject those services, you will be responsible for any fraudulent or unauthorized transactions which could have been prevented by the services we offered. If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, including attorneys fees. You will be enrolled in eStatements when this account is opened online. 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. Please note, accrued interest is not credited until it equals at least $0.01. If your Rejection Notice complies with these requirements, this arbitration provision will not apply to you with respect to any claims that you or we commence in litigation or arbitration after we receive your Rejection Notice. You may stop payment on any item drawn on your account whether you sign the item or not. Interest will be credited to your account every month. Daily balance computation method - We use the daily balance method to calculate the interest on your account. The following rules do not apply to a transaction or claim related to a consumer electronic fund transfer governed by Regulation E. The error resolution procedures for consumer electronic fund transfers can be found in our initial Regulation E disclosure titled, Electronic Fund Transfers. For other transactions or claims, if you claim a credit or refund because of a forgery, alteration, or any other unauthorized withdrawal, you agree to cooperate with us in the investigation of the loss, including giving us an affidavit containing whatever reasonable information we require concerning your account, the transaction, and the circumstances surrounding the loss. Unless you and we agree otherwise, any arbitration hearings will take place in the county of your address on file with your account. However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. Funds from all other check deposits will be available on the fifth business day after the day of your deposit. Multiple requests for payment --If we return an item, the party that presented the item for payment might have the right to make a second or subsequent request for payment. Maximum requests you can make per 30 days. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Before settlement of any item becomes final, we act only as your agent, regardless of the form of indorsement or lack of indorsement on the item and even though we provide you provisional credit for the item. Your Coin Savings account will earn the highest interest rate for which you qualify based on the account's interest rate and any eligible Relationship Premiums described below. Rules for stopping payment of other types of transfers of funds, such as consumer electronic fund transfers, may be established by law or our policy. If you are unable to pay this fee, we will pay it directly upon receiving a written request at the Notice Address.) This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us and related matters. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. Deposit limits exist, too, although theyre less common. Capital One, for example, has a one-time cash deposit limit of $5,000. Some banks also set limits on how many bills (individual bank notes) you can deposit through an ATM. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. 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. Available balance -The term available balance means the amount of money in your account that you can use, withdraw, or transfer. (9) Right to Reject Arbitration Provision:If you do not wish to arbitrate, you have 30 days to reject this arbitration provision by sending a rejection notice to the Notice Address above by certified mail (Rejection Notice). If the automated teller machine where you are making the transfer does not have enough cash. Determination of rate -At our discretion, we may change the interest rate on your account. WebSimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022. Frequency of rate changes -We may change the interest rate on your account at any time. If the account documentation indicates that this is a temporary account agreement, each person who signs to open the account or has authority to make withdrawals (except as indicated to the contrary) may transact business on this account. WebLooks like Capital One has a $5,000 daily limit for mobile/ATM check deposits and a $10,000 monthly limit. To use the Simmons Bank Mobile Deposit service, you must have the following: If you qualify for mobile deposit, the service will be available to you automatically. Online copies of our terms and conditions are provided only as a courtesy and convenience to you. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. additional indorsements, ID information, drivers license number, etc.) Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. Interest will be credited to your account every quarter. 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. It includes, but is not limited to: In this arbitration provision only, references to we, us, and our mean the financial institution and its parents, subsidiaries, affiliates, predecessors, successors, and assigns, as well as each of those entities agents and employees. If two or more of you create such an account, all of you own the account jointly with survivorship. To the extent permitted by law, you waive any notice of non-payment, dishonor or protest regarding any items credited to or charged against your account. Each of you intend that when you die, the funds in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). A transaction may affect the available balance of your account prior to the time it is posted to your account. 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). For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. Truth-In-Savings Disclosure Affordable Advantage Checking Account Minimum balance to open the account - You must deposit $25.00 to open this account. Telephoning is the best way of keeping your possible losses down. Postdated checks -A postdated check is one which bears a date later than the date on which the check is written. Frequency of rate changes - We may change the interest rate on your account at any time. (Generally, a record is information that is stored in such a way that it can be retrieved and can be heard or read and understood). A Dormant Account Fee of $10.00 per month will be imposed if there is no customer-initiated activity on the account for more than 365 days. give you disclosures of some of our policies to which you may be entitled or in which you may be interested. 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 Early withdrawal penalties(a penalty will be imposed for withdrawals before maturity): In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Please refer to Internal Revenue Service (IRS) guidelines regarding any eligibility requirements for deposits to Health Savings Accounts. In some cases, however, we may delay the availability of Mobile Deposits for a longer period. Minimum balance to open the account -There is no minimum balance to open this account. You will receive an email with details if your deposit is rejected. Withdrawal of interest prior to maturity -The annual percentage yield assumes interest will remain on deposit until maturity. must fall within 11/2 of the trailing edge of a check. Interest will be credited to your account every month. If the two above requirements are NOT met, the Annual Percentage Yield for balances $0.01 to $20,000.00 will be 0.01%. You CANNOT rely on us to pay overdrafts on your account regardless of how frequently or under what circumstances we have paid overdrafts on your account in the past. Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Crediting frequency -Interest will be credited to your account every quarter. If we pay such items, payment will result in a negative available balance on your account and create an overdraft. 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. 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. This agreement evidences a transaction in interstate commerce, and thus the Federal Arbitration Act governs the interpretation and enforcement of this provision. Refer to your HSA Agreement for more information relating to the use of your HSA. Check with your cell phone provider for details on specific fees and charges. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. You give us this authority regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose.