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). 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your account has an original maturity of one year or more: The fee imposed will equal 360 days interest on the amount withdrawn.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 may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. 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). There are no Monthly Service Charge, Balance Requirements or Maintenance So I'd imagine if it's over $5,000 they'll probably need to have you come in and see a human. 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. You represent that you have the authority to open and conduct business on this account on behalf of the entity. (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. 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. Interest will be credited to your account every quarter. 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. Rather, Mobile Deposits will generally be made available by the third business day after the day of your deposit. No. We may properly pay and charge your account for a postdated check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. Please ensure that your email address is current. 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. (5) Arbitration Fees:If you complied with the notice requirements above in paragraph (3), after we receive notice at the Notice Address that you have commenced arbitration, we will promptly reimburse you for your payment of the filing fee, unless your claim is for greater than $10,000 in value. Web access is needed to use this service. Yes, you can usually deposit a check into an ATM, though some machines may not accept them. Checks made payable to you and drawn on a bank within the United States can be deposited through Mobile Deposit. In connection with the posting process, we generally group transactions into two main categories: debits and credits. 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). Yes. To obtain the conversion bonus at age 18, the customer must have an open, positive balance checking account or the customer must open a checking product within 60 days of their 18th birthday (conversion date) and have a positive balance of greater than $100 in their Save10 Youth Savings Account at date of conversion. 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. ATM Operator/Network Fees -When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). The minimum deposit is based on the credit limit of your associated Foundation Card, which will be disclosed on your Foundation Card mailer. disputes over the scope and enforceability of this arbitration provision or whether a dispute or claim can or must be brought in arbitration. You understand that your HSA is intended to be used for payment of qualified medical expenses. Interest will be calculated on the same basis as during the original term. 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. To make an ATM deposit, follow these steps: Prepare Your Deposit. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. This agreement requires that disputes be resolved through individual arbitration rather than jury trials or class action proceedings and limits your remedies in the event of a dispute. Visa Account Updater Notice of Right to Opt Out. WebSIMMONS FIRST NATIONAL CORP Parent FDIC Cert#: NA - Not listed as a child of a larger bank. 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. Each such payment will constitute an additional overdraft. Make balance inquiries on your Arvest Bank checking, money market and savings account(s). 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). The most recent version of the Simmons Bank Mobile App for iPhone or Android. 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. You may obtain the available balance (as of the time of your inquiry) via Simmons Online Banking, Mobile Banking, at an automated teller machine (ATM), at a Simmons Bank branch, or by calling us at (866) 246-2400. Savings accounts have a limit on Make more moments possible-get the account that's ready for what's next. We will also tell you when the funds will be available. If we close your account, we will provide reasonable notice to you and tender the funds in the account personally or by mail. 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. Determination of rate -At our discretion, we may change the interest rate on your account. We may also require reasonable identification to cash such a check, draft or other instrument. If there are any discrepancies between the amounts shown on the itemized list of the deposit and the amount we determine to be the actual deposit, we will notify you of the discrepancy. If, through no fault of ours, you do not have enough money in your account to make the transfer. Rules governing changes in interest rates are provided separately in the Truth-in-Savings disclosure or in another document. You further authorize us, any third-party collection service collecting a debt arising from your account, or any other third-party service provider to contact you through the use of voice, voice mail and text messaging, including the use of pre-recorded or artificial voice messages and an automated dialing device. If two or more of you create such an account, all of you own the account jointly with survivorship. The owner does not give up any rights to act on the account. If you want to opt out, phone us at 1-866-246-2400, email us at [email protected], notify us through our website at https://simmonsbank.com/contact, or mail us notice of your intention to opt out at Simmons Bank, Debit Operations, P.O. The person(s) creating this account type reserves the right to: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at any time. The rules in this section cover stopping payment of items such as checks and drafts. This fee will not apply until the primary owner reaches age eighteen (18). In addition, if you initiate an arbitration in which you seek relief valued at greater than $10,000 (either to you or to us), the payment of these fees will be governed by the AAA rules. 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. 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. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. In determining whether you are entitled to the minimum $500 recovery, the arbitrator shall not consider amounts offered or awarded for attorneys fees or costs. Items presented for payment after the account is closed may be dishonored, and we have no liability for such dishonor. We may take funds from your account to pay the amount you owe us, and if there are insufficient funds in your account, you still owe us the remaining balance. The other is a nontransaction subaccount (e.g., a savings account). 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 will be enrolled in eStatements when this account is opened online. Such services include positive pay or commercially reasonable security procedures. The owner may terminate the agency at any time, and the agency is automatically terminated by the death of the owner. You can withdraw interest only on the crediting dates. If we decide that there was no error, we will send you a written explanation. Contact Simmons Bank Customer Support by sending a message in your online or mobile banking or by Account withdrawals are limited to Debit card and ATM transactions, ACH debit transactions, Online and Mobile Bill Pay, and Online or Mobile banking transfers. 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 730 days. Fifty (50) foreign deposited items and fifty (50) on us deposited items may be made at no charge in each monthly statement cycle. Electronic direct deposits will be available on the day we receive the deposit. 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. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. Generally, Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Minimum balance to open the account - You must deposit $10,000.00 to open this account. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. 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. give you disclosures of some of our policies to which you may be entitled or in which you may be interested. Compounding and crediting frequency - Interest will be compounded every month. We may allow account owners to designate an agent on their account using a power of attorney. Rate information - Your interest rate and annual percentage yield may change. 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 730 days. Notice to any of you is notice to all of you. The automated processing of the large volume of checks we receive prevents us from inspecting or looking for restrictive legends, restrictive indorsements or other special instructions on every check. Your entire indorsement (whether a signature or a stamp) along with any other indorsement information (e.g. In the event of a conflict, the terms of the HSA Agreement control. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. A withdrawal will reduce earnings. Create one here.Forgot User ID or Password? When you are closing your account, you are responsible for leaving enough money in the account to cover any outstanding items to be paid from the account. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular. If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. We will determine whether an error occurred within 10 business days (5 business days for Visa-branded Debit Card or ATM Card point-of-sale transactions processed by Visa) after we hear from you and will correct any error promptly. Within each category of electronic debit transactions, we generally post transactions based on the dollar amount, from lowest to highest. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. You must also take precaution in safeguarding your blank checks. The Save10 Youth Savings account will convert to a Simply Savings account when the primary owner turns 18. But in the event you bring a dispute against us, you will not be responsible for our costs and attorneys' fees except as provided by applicable law. If you fail to report any unauthorized signatures, alterations or forgeries in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours. You authorize us to attempt to collect previously returned items without giving you notice, and in attempting to collect we may permit the payor bank to hold an item beyond the midnight deadline. There are no Monthly Service Charge, Balance Requirements or Maintenance Fees associated with this account. We believe a check you deposit will not be paid. Your interest rate and annual percentage yield may change. These indorsement guidelines apply to both personal and business checks. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this account. Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. For purposes of this section, Health Savings Accounts are considered transaction accounts. We do not charge for direct deposits to any type of account. Point-of-Sale Transactions - dollar limitations -Using your card: Types of Visa Debit Card Point-of-Sale Transactions -You may access your checking account(s) to purchase goods (in person, online or by phone), pay for services (in person, online or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution or do anything that a participating merchant will accept. You agree that we may verify credit and employment history by any necessary means, including preparation of a credit report by a credit reporting agency. The amount you can withdraw from an ATM depends on the financial institution you bank with. Your consent does not authorize us to contact you for telemarketing purposes (unless you otherwise agreed elsewhere). 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. The Notice must (a) include your name and account number; (b) describe the nature and basis of the claim or dispute; and (c) set forth the specific relief sought. Since not all merchants participate, you should also contact the merchants directly if your card information changes. Automatically renewable time account -This account will automatically renew at maturity. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission. Any certificate of deposit terms and disclosures provided by us to you separately are intended to supplement the terms of this agreement. In such case, you agree to reimburse us for all monies previously disbursed that are otherwise your obligation to pay under the AAA Rules. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Web30-day limit (i.e., dollar amount per 30 days). Compounding frequency -Interest will be compounded every quarter. claims that may arise after the termination of this Agreement. WebRemove your cash and debit card from the ATM and store it away safely. 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. Please ensure that your email address is current. Joint Account - With Survivorship (And Not As Tenants In Common) -is an account in the name of two or more persons. 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 Funds from all other check deposits will be available on the fifth business day after the day of your deposit. For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. If this account is owned by one or more of you as individuals, we may set off any funds in the account against (i) any due and payable debt owed to us by any account owner or (ii) any due and payable debt a partnership owes us now or in the future, to the extent of your liability as a partner for the partnership debt. Open and conduct business on this account cover stopping payment of items such as and... 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