Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. If your account has an original maturity of one year or more: The fee imposed will equal 360 days interest on the amount withdrawn. We will not be liable for anything we do when following your instructions. You may ask for copies of the documents that we used in our investigation. 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. M&T cardholders can withdraw up to $1,000 per day from an ATM. Online copies of our terms and conditions are provided only as a courtesy and convenience to you. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. make payments from checking or savings to loan accounts with us, the balance of checking or savings account(s), get credit card information at (870) 541-1240 or (800) 272-2102, Voice Response Transfers are limited to primary ownership account(s), make deposits to checking or savings account(s) with an ATM or debit card, get cash withdrawals from checking or savings account(s) with an ATM or debit card, you may withdraw no more than $500.00 per calendar day, transfer funds from savings to checking account(s) with an ATM or debit card, transfer funds from checking to savings account(s) with an ATM or debit card, the balance of your checking or savings account(s), obtain cash advances from your credit cards, you may not exceed $10,000.00 in transactions per calendar day, if available, make payments from checking or savings to loan account(s) with us, the balance of checking or savings account(s). Balances of $20,000.01 and over will earn an Annual Percentage Yield of 0.01% when the above requirements are met. Do not discuss, compare, or share information about your account number(s) with anyone unless you are willing to give them full use of your money. We may supply any missing indorsement(s) for any item we accept for deposit or collection, and you warrant that all indorsements are genuine. Accrual of interest on noncash deposits -Interest begins to accrue on the business day you deposit noncash items (for example, checks). Additional information about stopping a pre-authorized payment can be found by referring to your Electronic Fund Transfers disclosure and the subsection titled Right to Stop Payment and Procedure for Doing So in the section titled Preauthorized Payments". You deposit checks totaling more than $5,525 on any one day. Also, we may report to consumer reporting agencies your overdrafts and your failure to repay them, and we may commence collection activities (in addition to any other legal remedy we may have). Yes. 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. As between you and us, if you are negligent in safeguarding your checks, you must bear the loss entirely yourself or share the loss with us (we may have to share some of the loss if we failed to use ordinary care and if we substantially contributed to the loss). 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. Individual Account -is an account in the name of one person. If this account is owned by a corporation, partnership or other organization, individual liability is determined by the laws generally applicable to that type of organization. Accounts opened on or before the 25th of each month will pay on the third statement cycle, accounts opened between the 26th and 31st will pay in the fourth statement cycle. If you have an overdraft line and the transfer would go over the credit limit. 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). This liability is due immediately, and can be deducted directly from your account even if sufficient funds are not available at the time. For every $1 spent, you receive rewards that you can put back into your business. 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. If you violate the stated transaction limitations (if any), in our discretion we may close your account or reclassify it as a transaction account. If we are required for any reason to reimburse the federal government for all or any portion of a benefit payment that was directly deposited into your account, you authorize us to deduct the amount of our liability to the federal government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We can change our practice of paying overdrafts on your account without notice to you. Time requirements -Your account will mature ___. 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. We will use what is called a substitute (or electronic) deposit slip to post the deposit to your account. We are not responsible for the actions of a fiduciary, including the misuse of funds. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. 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. You may opt in the same way(s) that you can opt out. Beneficiaries cannot withdraw unless: (1) all persons creating the account die, and (2) the beneficiary is living when the last person who created the account dies. We may require that all account holders or authorized signers sign any instruction, check, item, or other withdrawal order even though the signature card for your account allows for one signature. This agreement evidences a transaction in interstate commerce, and thus the Federal Arbitration Act governs the interpretation and enforcement of this provision. additional indorsements, ID information, drivers license number, etc.) For every $1 spent, you receive rewards that you can put back into your business. Go digital with our top-rated mobile app. We may accept for deposit any item payable to you or your order, even if they are not indorsed by you. Effect of closing an account -If you close your account before interest is credited, you will not receive the accrued interest. 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 have overdrawn your account repeatedly in the last six months. We may also require reasonable identification to cash such a check, draft or other instrument. claims that may arise after the termination of this Agreement. (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). An account may not qualify for both Relationship Premiums A and B in any given statement cycle. Deposits and other categories of credits are generally posted before debits. Whenever the words, include, includes, or including are used in this agreement, they shall be deemed followed by the phrase without limitation (except to the extent such phrase, or a phrase of substantially similar meaning, is already expressly stated). One of these accounts is a transaction subaccount (e.g., a checking subaccount). WebThe Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. If you have any difficulties, please email support@simmonsbank.com or call us at 1-866-246-2400. 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. With the above understandings, you authorize us to contact you regarding your account throughout its existence using any telephone numbers or email addresses that you have previously provided to us or that you may subsequently provide to us. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. Simmons Bank trustworthiness and BBB 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. Please refer to our separate rate sheet for current interest rate and annual percentage yield information for our interest-bearing accounts and to our separate Schedule of Fees and Charges for additional information about fees and charges that apply to the accounts described above. If, however, the arbitrator finds that either the substance of your claim or the relief you seek is frivolous or brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), then the payment of all such fees will be governed by the AAA Rules. Unless you make advance arrangements with us, we have no obligation to honor facsimile signatures on your checks or other orders. You will be paid this rate until first maturity. Frequency of rate changes -We may change the interest rate on your account at any time. There may be other exceptions stated in our agreement with you. There is no Monthly Service Charge on this account. We will tell you the results within three business days after completing our investigation. 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. 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. If your mobile deposit exceeds your per-item limit, a two-to-three-day hold will be placed for the amount exceeding the limit. 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. This information will not, however, affect the number of signatures necessary for withdrawal. Making sure you have all the support you need, for life. These transfers may use the Automated Clearing House (ACH) or other payments network. You shall upload the Electronic Deposit to us on or before the 6:00 p.m. Pacific Time daily Electronic Deposit cutoff - time established by Umpqua Bank. Your Simmons Bank debit card will be automatically enrolled in the free Visa Account Updater (VAU) service. We must receive it in time to have a reasonable opportunity to act on it. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. To obtain the 2.02% Annual Percentage Yield for balances $0.01 to $20,000.00, the following requirements must be met: (1) Monthly eStatements and (2) Twenty-Five (25) posted and cleared debit card transactions per monthly statement cycle. This account IS NOT available to Business or Commercial customers. Unless required by law or we have agreed otherwise in writing, we are not required to act upon instructions you give us via facsimile transmission or leave by voice mail or on a telephone answering machine. WebWorking at Simmons Bank: 276 Top Reviews | Indeed.com Start of main content Simmons Bank 51 3.4 Write a review Snapshot Why Join Us 276 Reviews 274 Salaries 203 Jobs 58 Q&A Interviews 7 Photos Simmons Bank Employee Reviews Review this company Job Title All Location United States 276 reviews Ratings by category 3.4 Work A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. You represent that you have the authority to open and conduct business on this account on behalf of the entity. This method applies a daily periodic rate to the principal in the account each day. WebYour Simmons Online Banking service may be canceled in whole or in part by Simmons Bank at any time without prior notice for any reason, including, but not limited to, insufficient funds in one or more of your Accounts or other circumstances that may create an unanticipated liability to the Bank. For example, the additional limits on liability (sometimes referred to as Visas zero-liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. Checks made payable to you and drawn on a bank within the United States can be deposited through Mobile Deposit. Minimum balance to open the account -You must deposit $50.00 to open this account. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. No. They will generally be available no later than the seventh business day after the day of your deposit. Repaying Overdrafts -- You agree to immediately repay us the amount of any overdraft on your account. 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. By rejecting that future change, you are agreeing that you will arbitrate any dispute or claim between you and us in accordance with the language of this provision, as amended by any changes that you did not timely reject. All issues are for the arbitrator to decide, except that the court will decide any disputes over the arbitrability of claims. WebHome; Products. In these cases, we will not have any liability to you if there are insufficient funds to pay your items because we have withdrawn funds from your account or in any way restricted access to your funds in accordance with the legal action. Also, it is your responsibility to ensure the contributions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. Liability for failure to make transfers -If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. Reasonable notice depends on the circumstances, and in some cases such as when we cannot verify your identity or we suspect fraud, it might be reasonable for us to give you notice after the change or account closure becomes effective. If we communicate by mail, we will generally attempt to communicate with you by use of the most recent address you have provided to us. Seal the Envelope. YOU AND WE AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR OUR INDIVUDUAL CAPACIY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, REPRESENTATIVE, OR PRIVATE ATTORNEY GENERAL PROCEEDING. We can refuse to accept substitute checks that have not previously been warranted by a bank or other financial institution in conformance with the Check 21 Act. See your notice of penalty for early withdrawal. Check with your cell phone provider for details on specific fees and charges. 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. 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. Insert your cash in the envelope and seal it. 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. You agree that you will not waive any rights you have to recover your loss against anyone who is obligated to repay, insure, or otherwise reimburse you for your loss. This means you may use your Visa-branded Debit Card on a PIN-Debit Network* (a non-Visa network) without using a PIN. 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. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. You agree to retain the original check in conformance with our internal policy for retaining original checks. There is NO monthly service charge, balance requirements or maintenance fees associated with this account. The Simmons Bank Coin Checking Account gives you UNLIMITED check writing privileges. Health Savings Account (Minimum age to open this account is 18) 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. When you flip the check over, be sure to keep all indorsement information within 11/2 of that edge. A transaction charge of $0.25 will be assessed on each additional deposited item. 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 give cash back to any one of you. This information can be found on your check as well as on a deposit or withdrawal slip. 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. You will not be responsible for such transactions if we acted in bad faith or to the extent our negligence contributed to the loss. We generally post fees for overdrafts and returned items immediately after we post or return the debit item that caused, or would have caused, the overdraft. Your consent does not authorize us to contact you for telemarketing purposes (unless you otherwise agreed elsewhere). Interest will be calculated on the same basis as during the original term. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. (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. Within the debit and credit categories, we further generally subcategorize and post transactions by category/subcategory. 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. If you furnish your access device and grant actual authority to make transfers to another person (a family member or coworker, for example) who then exceeds that authority, you are liable for the transfers unless we have been notified that transfers by that person are no longer authorized. In addition, if you receive or we make available either your items or images of your items, you must examine them for any unauthorized or missing indorsements or any other problems. Determination of rate -At our discretion, we may change the interest rate on your account. 30-day limit (i.e., dollar amount per 30 days). From there, select the Payments and limit section in the lower-left corner to open it After depositing locally, you can transfer the cash deposit to your Schwab account these transfers between banks take about four to five business days, on average. You also warrant that any substitute check you create conforms to the legal requirements and generally accepted specifications for substitute checks. The AAA Rules are available online at www.adr.org or by writing to the Notice Address. We undertake no obligation to monitor transactions to determine that they are on the owners behalf. 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. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit. We do not charge for direct deposits to any type of account. Webbetween you and Umpqua Bank. Limitations on the number of telephonic transfers from a savings account, if any, are described elsewhere. Minimum balance to obtain the annual percentage yield disclosed -You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. 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. 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. 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