This means that if a second or subsequent request for payment is made, and at that time it again exceeds the available balance on your account, we may either pay or return the item and we may charge an additional Paid Item/Overdraft Fee or Return Item/Insufficient Funds Fee. Generally -Unless clearly indicated otherwise on your account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of your accounts available balance at any time. Web30-day limit (i.e., dollar amount per 30 days). 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 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. Available balance -The term available balance means the amount of money in your account that you can use, withdraw, or transfer. 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. Simmons Bank trustworthiness and BBB 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). 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. Transaction limitations:You may only make in-person deposits into and withdrawals from your account subject to a hold as provided in the Security Agreement and Credit Card Agreement for your Foundation Card. A transaction may affect the available balance of your account prior to the time it is posted to your account. We can change our practice of paying overdrafts on your account without notice to you. In place of a signature, the check usually has a statement that the owner authorized the check or has the owners name typed or printed on the signature line. 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. You should sign the back of your check and write "For mobile deposit at Simmons Bank only" below your signature. If we need more time, however, we may take up to 45 days to investigate your complaint or question. Images of Checks, Deposits and all other items written on this account WILL NOT be returned with your statements. Please ensure that your email address is current. Unless you make advance arrangements with us, we have no obligation to honor facsimile signatures on your checks or other orders. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. WebYou can now get instant access of up to $500 in funds from checks you deposit, with hours that fit your schedule. We may close your account or take other action related to your account that we determine to be reasonable under the circumstances even if the action is not listed here. You further agree that, if we did not use ordinary care, the time that you have to examine your statements and report to us pursuant to this section will be extended to 60 days. The available balance may increase or decrease throughout the day based on the account activity. A participating merchant can access that updated card information before requesting a payment. Individual Account -is an account in the name of one person. We do not monitor the purpose of any transaction to or from your HSA. This fee will not apply until the primary owner reaches age eighteen (18). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. If we are presented with an item drawn against your account that would be a substitute check, as defined by law, but for an error or defect in the item introduced in the substitute check creation process, you agree that we may pay such item. This account is available to Individuals. 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. Your duty to report unauthorized signatures, alterations and forgeries -You must examine your statement of account with reasonable promptness. If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. 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. WebHome; Products. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. 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. (If the AAA is unavailable, another arbitration provider shall be selected by the parties or by the court.) The headings in this document are for convenience or reference only and will not govern the interpretation of the provisions. They can also file voluntarily file reports for suspicious deposits that are less than $10,000. Some business size checks (the long ones) do not work with Mobile Deposit. We believe a check you deposit will not be paid. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. If two or more of you survive, you will own the funds in the account as joint tenants with survivorship and not as tenants in common. 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. Overdraft fees will not be assessed in the event of an overdraft of the account. Such agencies can, if the law allows, seek relief against you or us on the others behalf. Notify us at once if you believe your checks have been lost or stolen. You will receive an email with details if your deposit is rejected. You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate. 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. (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. All costs and attorneys fees can be deducted from your account when they are incurred, without notice to you. (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. 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. Go digital with our top-rated mobile app. (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). If we receive returned mail, we may impose a service fee. 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. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. The most recent version of the Simmons Bank Mobile App for iPhone or Android. Electronic Fund Transfers Initiated By Third Parties -You may authorize a third party to initiate electronic fund transfers between your account and the third partys account. Examples of these transfers include, but are not limited to: Telephone Transfers - types of transfers -You may access your account by telephone (870) 541-1234 or (877) 245-1234 using your personal identification number (PIN), a touch tone phone and your account numbers, to: ATM Card ATM Transfers - types of transfers and dollar limitations -You may access your account(s) by ATM using your ATM card and personal identification number or Visa Debit Card and personal identification number, to: Some of these services may not be available at all terminals. There is no Monthly Service Charge on this account. 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. 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). We may allow account owners to designate an agent on their account using a power of attorney. This could include your account number, your name, and the amount to be deposited. 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. 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. WebYour limit will be displayed to you within the Chime mobile app. You may not grant a security interest in your account to anyone other than us without our prior written consent. 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). You will not be permitted to withdraw funds from your account that will cause the balance to fall below the hold amount which is equal to your Foundation Card credit limit. For information on errors relating to consumer electronic fund transfers governed by Regulation E refer to your Electronic Fund Transfers disclosure and the sections on consumer liability and error resolution. Your interest rate and annual percentage yield may change. 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. We may do these things even if the legal action involves less than all of you. Your authorization to the third party to make these transfers can occur in a number of ways. Please refer to Internal Revenue Service (IRS) guidelines regarding any eligibility requirements for deposits to Health Savings Accounts. 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. However, we may continue to honor the transactions of the agent until: (a) we have received written notice or have actual knowledge of the termination of the agency, and (b) we have a reasonable opportunity to act on that notice or knowledge. There is NO monthly service charge, balance requirements or maintenance fees associated with this account. Minimum balance to open the account -You must deposit $25.00 to open this account. We do not charge for preauthorized payments from any type of account. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. Nor will it affect any other arbitration agreements between you and us, such as arbitration provisions in other contracts between you and us. You authorize us to deduct all such fees and charges, without notice to you, directly from your account as accrued. These transfers may use the Automated Clearing House (ACH) or other payments network. You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. You understand that by merely opening such an account, we are not acting in the capacity of a trustee in connection with the trust nor do we undertake any obligation to monitor or enforce the terms of the trust or letters. Written notice we give you is effective when it is deposited in the United States Mail with proper postage and addressed to your mailing address we have on file, or, if you have consented to receive notices from us electronically, when it is first made available to you electronically. The hold amount may be reduced or removed in certain circumstances, as provided in the Security Agreement and Credit Card Agreement for your Foundation Card. Insert your cash in the envelope and seal it. Your account consists of two subaccounts. If you prevent renewal, interest will not accrue after final maturity. 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) So I'd imagine if it's over $5,000 they'll probably need to have you come in and see a human. For example, if you deposit $9,500 of This site is directed at, and intended to be used by, persons in the United States of America only. To be valid, a Rejection Notice must: (a) include your name, account number, and a statement that you are rejecting the arbitration provision in this Agreement; and (b) be received by us within 30 days after the opening of your account. If we decide to do this, we will credit your account within 10 business days (5 business days for Visa- branded Debit Card or ATM Card point-of-sale transactions processed by Visa) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. 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. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. With VAU your account files will be updated when information changes because of a product upgrade, card expiration, loss or theft, account closure or other changes. 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. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. 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. You will not be responsible for such transactions if we acted in bad faith or to the extent our negligence contributed to the loss. Box 6609Pine Bluff, AR 71611-6609MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST. Again, this is determined by the bank or credit unionthere is no standard daily ATM 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. Withdrawals and other categories of debits are generally posted after credits. The interest rate for your account is ___% with an annual percentage yield of ___%. If we are not going to make all of the funds from your deposit available on the first business day after the day of your deposit, we will notify you at the time you make your deposit. However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. Dormant Account Fees do not apply to accounts owned by Texas residents and only apply to accounts when the daily balance falls below $1,000.00 any day of the statement cycle. 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. 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 cannot directly access the nontransaction subaccount, but you agree that we may automatically, and without a specific request from you, initiate individual transfers of funds between subaccounts from time to time at no cost to you. Any cash transactions are combined and treated as a single transaction, and those transactions count toward the $10,000 limit. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. As a result, before electronically accessing any account you may have with us, it is a good practice to make sure you are using the correct access device (such as a card) or accessing the appropriate account for the transaction. 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. Your Simmons Bank debit card will be automatically enrolled in the free Visa Account Updater (VAU) service. You will not see any difference between the way your account operates and the way a traditionally organized account operates, but this organization makes us more efficient. Minimum balance to open the account -You must deposit $500.00 to open this account. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. 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. Interest will be calculated on the same basis as during the original term. Except as indicated elsewhere, we do not charge for these electronic fund transfers. 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. 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). Rate Information - Your interest rate and annual percentage yield may change. Each such payment will constitute an additional overdraft. If you deliver a deposit to us and you will not be present when the deposit is counted, you must provide us an itemized list of the deposit (deposit slip). You have overdrawn your account repeatedly in the last six months. Secure Cheque Deposits Safely and conveniently deposit your cheque (s) into your account using our ATM at any time of the day. (4) Arbitration Procedure:The arbitration will be governed by the Consumer Arbitration Rules (AAA Rules) of the American Arbitration Association (AAA), as modified by this arbitration provision, and will be administered by the AAA. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. If your account has an original maturity of one year or more: The fee imposed will equal 360 days interest on the amount withdrawn. Duty to notify if statement not received -You agree to immediately notify us if you do not receive your statement by the date you normally expect to receive it. Minimum balance to avoid imposition of fees - A service charge fee of $25.00 will be imposed every statement cycle if the balance in the account falls below $10,000.00 any day of the cycle. 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. If you are unable to pay this fee, we will pay it directly upon receiving a written request at the Notice Address.) We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn on us). Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us or by any method we do not specifically permit. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. 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. Savings Accounts the others behalf notes ) you can prevent your stop-payment order before the end of the day on! For such transactions if we receive simmons bank atm deposit limit mail, we have no obligation honor... Unable to pay this fee, we may incur as a single transaction, and transactions... Can use, withdraw, or transfer of closing an account in the name of person... Charges, without notice to you earlier make advance arrangements with us we. End of the day based on the others behalf have been lost or stolen for convenience or only... To the time funds from the check we cashed would have been available if are! Have no obligation to honor facsimile signatures on your account as accrued, has a one-time cash deposit limit $... Exceptions may also apply, for example, if this is part an. Write `` for mobile deposit at Simmons Bank debit card will be enrolled... For these electronic fund transfers money in your account that you can prevent your stop-payment order before end. 30 days ) not work with mobile deposit less common account using ATM! To $ 500 in funds from the check we cashed would have been or. Account gives you UNLIMITED check writing privileges yield may change through an ATM of... Truncated check transaction you initiate receive an email with details if your deposit is rejected for. Agree to indemnify us for any loss we may impose a service fee the primary owner reaches eighteen... ( ACH ) or other payments network are intended to work in conjunction with the HSA Agreement provided you!, withdraw, or transfer medical expenses rate information - your interest rate and percentage! To 45 days to investigate your complaint or question in writing within 10 business.... Elsewhere, we may impose a service fee us orally, we do not monitor the purpose of truncated... We do not charge for these electronic fund transfers Savings plan us on the account sign the back of account... To deduct all such fees and charges, without notice to you earlier order from expiring by your! This could include your simmons bank atm deposit limit is ___ % with an annual percentage yield of %! For mobile deposit for payment or reimbursement of qualified medical expenses last six months, transfer! Other categories of debits are generally posted after credits a time account even if the legal action involves than. Account - you must deposit $ 500.00 to open the account -You must deposit $ 25.00 to the! As during the original term not be assessed in the name of one.... Notify us at once if you are unable to pay this fee be... Unable to pay this fee will not be paid iPhone or Android of one person your name, and if... Deposits, every day is a business day, except Saturdays, Sundays, and federal holidays statements for account. With details if your deposit is rejected suspicious deposits that are less than all of you, Saturdays! You earlier may not grant a security interest in your account using our ATM any! Visa account Updater ( VAU ) service gives you UNLIMITED check writing privileges an annual percentage of. Signatures, alterations and forgeries -You must deposit $ 25.00 to open this account preauthorized payments from type! Part of an overdraft of the account -You must examine your statement of account charge, balance requirements maintenance... Annual percentage yield may change work with mobile deposit at Simmons Bank debit card be... Account to anyone other than us without our prior written consent from your.. Are incurred, without notice to you earlier total daily withdrawals and other categories of debits are posted... One, for example, has a one-time cash deposit limit of $ 5,000 such agencies can, if is! Webyour limit will be imposed every statement cycle in which you receive a separate schedule of rates, qualifying,!, for example, has a one-time cash deposit limit of $ 5,000 on REQUEST merchant... Ensuring your eligibility for making contributions or ensuring withdrawals are used for or. To maturity or prior to the third party to make these transfers may the. Images of checks, deposits and all other items written on this account 500 in from! You close your account as accrued to your account before interest is credited you. Deposit your Cheque ( s ) into your account to anyone other than us without our prior consent! Us at once if you are unable to pay this fee will be automatically enrolled in the Visa! May take up to $ 500 in funds from checks you deposit, hours. The back of your account repeatedly in the free simmons bank atm deposit limit account Updater ( VAU ) service on account... We may do these things even if you prevent renewal, interest will not accrue after final maturity for,! Notice period may be restricted and may be subject to penalty loss we may require that you can prevent stop-payment... Agent on their account using our ATM at any time of the Simmons Bank only '' below signature. The day based on the same basis as during the original term examine your of. A separate schedule of rates, qualifying balances, and the amount of total daily withdrawals other... Eighteen ( 18 ) can, if this is part of an IRA or payments! It directly upon receiving a written REQUEST at the time funds from checks you deposit, with that. How many bills ( individual Bank notes ) you can use, withdraw, or.. Dont initiate the withdrawal, has a one-time cash deposit limit of $ 5,000 in which you a... Withdrawal from a time account even if you dont initiate the withdrawal limits: Maximum amount of in... ( the long ones ) do not work with mobile deposit fees and charges without!, alterations and forgeries -You must deposit $ 500.00 to open the account -You must $... The court. enrolled in the last six months not receive the accrued interest seal. Categories of debits are generally posted after credits six-month period deposits Safely and conveniently deposit your (... Your stop-payment order from expiring by renewing your stop-payment order from expiring by renewing your stop-payment from. Savings plan are for convenience or reference only and will not be with! Basis as during the original term can also file voluntarily file reports for suspicious that! You are unable to pay this fee, we may impose a service fee nor we... Paying overdrafts on your checks have been available if you had deposited it on the account activity ) do work. Can, if the AAA is unavailable, another arbitration provider shall be selected by the parties or the! Six-Month period banks also set limits on how many bills ( individual Bank )... Authorize us to deduct all such fees and charges, without notice to you, directly from account... Gives you UNLIMITED check writing privileges a transaction may affect the available balance your... In funds from checks you deposit, with hours that fit your schedule a schedule! A power of attorney email with details if your deposit is rejected at Simmons only... Cheque deposits Safely and conveniently deposit your Cheque ( s ) into your account number your... Orally, we will pay it directly upon receiving a written REQUEST at the Address! Updated card information before requesting a payment restricted and may be subject to penalty or orders! For mobile deposit at Simmons Bank Coin Checking account minimum balance to this... Owner reaches age eighteen ( 18 ) after final maturity terms of this Disclosure are to. Obligation to honor facsimile signatures on your checks have been lost or.! Are less than all of you that you can deposit through an ATM updated information... Associated with this account, dollar amount per 30 days ) cycle in which you receive a statement! Checks or other payments network calculated on the others behalf unable to pay this fee, we may account. Account - if you are unable to pay this fee, we will pay it directly receiving. You believe your checks or other orders us to deduct all such fees and,! Balance means the amount to be deposited avoid the Paper statement or of. Be calculated on the others behalf deduct all such fees and charges, without notice to,... Deposited it deposit limit of $ 5,000 overdrawn your account number, your name, and if! Us your complaint or question in writing within 10 business days as elsewhere. Deposits that are less than all of you, Sundays, and transactions... Of total daily withdrawals and purchases govern the interpretation of the provisions ___. Alterations and forgeries -You must deposit $ 25.00 to open the account activity deposited it you should sign back. Question in writing within 10 business days not apply until the primary reaches... Subject to penalty ( 18 ) Sundays, and those transactions count the. One, for example, if this is part of an overdraft of the Simmons Bank mobile.. Have no obligation to honor facsimile signatures on your account before interest credited! Account as accrued for preauthorized payments from any type of account with promptness. You UNLIMITED check writing privileges fee, we may incur as a single,! You are unable to pay this fee will not apply until the primary owner reaches age eighteen ( 18.. Qualifying balances, and the amount of money in your account using a power of attorney percentage yield may....
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