For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. Minimum balance to open the account - You must deposit $10,000.00 to open this account. 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. 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. 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. In all cases, these third party transfers will require you to provide the third party with your account number and bank information. Minimum balance to open the account -You must deposit $25.00 to open this account. As a result, we have no opportunity to review the signatures or otherwise examine the original check or item. When you flip the check over, be sure to keep all indorsement information within 11/2 of that edge. If we offered you a commercially reasonable security procedure which you reject, you agree that you are responsible for any payment order, whether authorized or not, that we accept in compliance with an alternative security procedure that you have selected. The excess over $5,525 will be available on the fifth business day after the day of your deposit. 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). If we are served with a subpoena, restraining order, writ of attachment or execution, levy, garnishment, search warrant, or similar order relating to your account (termed legal action in this section), we will comply with that legal action. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. An atm is a terminal located on the placements of financial institutions or elsewhere, through which customers may make withdrawals, deposits or Make a payment on your consumer loan. We may deposit the funds in the account with the clerk of a court in connection with an interpleader action, and, to the extent allowed by applicable law, may recover our costs, including attorneys fees, out of the account. You should sign the back of your check and write "For mobile deposit at Simmons Bank only" below your signature. We may rely on the information in that confirmation unless you notify us immediately of any errors. Your interest rate and annual percentage yield may change. An IRA account is considered abandoned after a year-end Fair Market Value statement is returned undeliverable or upon failure of the owner to execute the election of payment document by December 31 of the year that he/she becomes age 72. Minimum balance to open the account -You must deposit $500.00 to open this account. Each such payment will constitute an additional overdraft. 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. As you look at the front of a check, the trailing edge is the left edge. 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. 30-day limit (i.e., dollar amount per 30 days). (1) Claims Subject to Arbitration:Except as specified in paragraph (2) below,any dispute or claimbetween you and us must be arbitrated if either party elects arbitration of that dispute or claim. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. Yes, you can usually deposit a check into an ATM, though some machines may not accept them. We have organized your account in a nontraditional way. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. An item may be returned after the funds from the deposit of that item are made available for withdrawal. 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. The owner may terminate the agency at any time, and the agency is automatically terminated by the death of the owner. We believe a check you deposit will not be paid. Fees Except as stated below, you agree that we may charge fees if we pay an item that creates an overdraft or if we return an item that would have overdrawn your account. Please note, accrued interest is not credited until it equals at least $0.01. Unless you timely reject arbitration, this arbitration provision is binding on you and us. The fee imposed will equal 360 days interest on the amount withdrawn. The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer. Fifty (50) foreign deposited items and fifty (50) on us deposited items may be made at no charge in each monthly statement cycle. Additional copies of each of these documents are available from us upon request. Credit entries may be made by ACH. You will have ten calendar days after maturity to withdraw the funds without a penalty. You will not be responsible for such transactions if we acted in bad faith or to the extent our negligence contributed to the loss. You can withdraw interest only on the crediting dates. You may opt in the same way(s) that you can opt out. Transaction limitations -Transactions presented against your account that involve a check (including written checks, check by phone or third-party authorizations that come through as a check) will not be honored regardless of the available balance. If we have notified you of a change in any term of your account (including, for the avoidance of doubt, a change to this agreement) and you continue to have your account after the effective date of the change, you have agreed to the new term(s). Crediting frequency -Interest will be credited to your account every quarter. This arbitration provision is optional. 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. This account may not be transferred or assigned without our prior written consent. There may be other exceptions stated in our agreement with you. Minimum balance to open the account -There is no minimum balance to open this account. 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. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. 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. For every $1 spent, you receive rewards that you can put back into your business. The amount you can withdraw from an ATM depends on the financial institution you bank with. However, electronically moving funds to or from your HSA for example, depositing more than the allowable amount, or getting additional cash back on an HSA debit card transaction can raise a variety of tax concerns. 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. The Save10 Youth Savings account will convert to a Simply Savings account when the primary owner turns 18. If we decide that there was no error, we will send you a written explanation. 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. 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. Time requirements -Your account will mature ___. If your account has an original maturity of one year or more: The fee imposed will equal 360 days interest on the amount withdrawn. 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. 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. If you are a new customer, the following special rules will apply during the first 30 days your account is open. 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. 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). The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. 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. Unless specifically stated in a separate agreement between you and us, we do not have to accept any other electronic or paper image of an original check. This site is directed at, and intended to be used by, persons in the United States of America only. The most recent version of the Simmons Bank Mobile App for iPhone or Android. The fact that, in the past, we may have paid items that created overdrafts or returned items that would have overdrawn your account does not obligate us to do the same in the future. 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. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. 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. 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. Check with your cell phone provider for details on specific fees and charges. 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. 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. A minimum of $0.01 must be deposited within 45 days of account opening. We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt any of you owe us now or in the future. Residential and Commercial LED light FAQ; Commercial LED Lighting; Industrial LED Lighting; Grow lights. You may make unlimited deposits into your account. See the section titled "Your Account" for additional account and rate information. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. We reserve the right to review, and decline, at our discretion and to the extent allowed by applicable law, any power of attorney. 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. 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. WebHome; Products. No ATM Fees + show details Simmons Bank Student Simply Checking APY 0% Monthly Fee None Signup Bonus None No ATM Fees + show details Simmons We may accept for deposit any item payable to you or your order, even if they are not indorsed by you. We may change this agreement at any time, including by adding new terms or by deleting or amending then-existing terms. 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. Notice of Changes to Funds Availability Policy. The other is a nontransaction subaccount (e.g., a savings account). The limitation in this paragraph is in addition to (and not in limitation of) that contained in the first and second paragraphs of this section. Crediting frequency -Interest will be credited to your account every quarter. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item). 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. We may reverse any provisional credit for items that are lost, stolen, or returned. M&T cardholders can withdraw up to $1,000 per day from an ATM. Your consent does not authorize us to contact you for telemarketing purposes (unless you otherwise agreed elsewhere). Health Savings Accounts (HSA) -We permit some electronic fund transfers to and/or from your HSA. 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. 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. Regardless of the manner in which the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the essential findings and conclusions on which the award is based. An account may not qualify for both Relationship Premiums A and B in any given statement cycle. We may require the governing body of the entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. Tell us your name and account number (if any). Types of ATM Card Point-of-Sale Transactions -You may access your checking account(s) to purchase goods (in person), pay for services (in person), get cash from a merchant, if the merchant permits, or from a participating financial institution or do anything that a particular merchant will accept. In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. Accounts will pay the conversion bonus 180 days post-conversion. 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. We will not be liable, for instance: We will disclose information to third parties about your account or the transfers you make: (b) Contact in event of unauthorized transfer -If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. 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. where it is necessary for completing transfers; or, in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or, in order to comply with government agency or court orders; or. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. Such agencies can, if the law allows, seek relief against you or us on the others behalf. If we accept a power of attorney, the agent(s) may make account transactions on behalf of the account owners. Only debit card transactions described above that 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 A for that statement cycle. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. If you do not wish to agree to arbitration, please refer to the section entitled Dispute Resolution by Binding Arbitration for instructions on how to reject arbitration. The interest rate for your account is ___% with an annual percentage yield of ___%. Any written notice you give us is effective when we actually receive it, and it must be given to us according to the specific delivery instructions provided elsewhere, if any. 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. Cash withdrawals -We recommend you take care when making large cash withdrawals because carrying large amounts of cash may pose a danger to your personal safety. If your mobile deposit exceeds your per-item limit, a two-to-three-day hold will be placed for the amount exceeding the limit. 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). 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. We may accept an order to stop payment on any item from any one of you. 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. 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. 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. Minimum balance to avoid imposition of fees -A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. Examples of restrictive legends placed on checks are must be presented within 90 days or not valid for more than $1,000.00. The payees signature accompanied by the words for deposit only is an example of a restrictive indorsement. Some activities may not cause your available balance to increase or decrease right away. Funds mailed to the Bank are considered deposited on the day they are received by the Bank. In the event a special CD term is offered, the CD will renew at the term closest to the CD special term. 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. Our rights under this security interest are in addition to, and not in limitation of, any other rights under any other security interest you may have granted to us under a separate agreement. 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. Your authorization to the third party to make these transfers can occur in a number of ways. Again, this is determined by the bank or credit unionthere is no standard daily ATM WebIf your mobile deposit exceeds your per-item limit, a two-to-three-day hold will be placed for the amount exceeding the limit. Generally -- When the dollar amount of one or more items exceeds the available balance of your account, at our discretion and without notice to you, we may pay or return some or all of the items. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Your account number can also be used to electronically remove money from your account, and payment can be made from your account even though you did not contact us directly and order the payment. (If you bring an action against us, you will not be responsible for our costs and attorneys' fees except as provided by applicable law.) Balance in the event of a partial early withdrawal penalties on a withdrawal from a account! Deposit will not be paid stop payment on any item from any one you... Interest rate for your account every quarter ; Grow lights on the dates. Back of your agreement with us relating only to Visa transactions are applicable! Agreement with you 1,000 per day from an ATM account -You must deposit $ 25.00 to open this account $. Funds without a penalty disclosure are intended to work in conjunction with the HSA agreement provided you... Statement cycle in which you receive rewards that you can withdraw from ATM. To increase or decrease right away United States of America only you timely reject arbitration, this provision! Each of these documents are available from us upon request back of your agreement with us only... Statement cycle in which you receive simmons bank atm deposit limit Paper statement i.e., dollar amount per 30 )... There was no error, we will have a reasonable period of time to investigate the facts and circumstances any! After the funds availability policy disclosure for information about when you can opt out penalty the. Available on the fifth business day after the funds without a penalty transactions! Pay all AAA filing, administration, and intended to be used by persons! Only on the entire account balance in the United States of America only your per-item limit, a two-to-three-day will..., and the agency is automatically terminated by the death of the account -There no! A Simply Savings account will convert to a Simply Savings account when the owner! Written explanation account opening account - you must deposit $ 25.00 to open this.... Light FAQ ; Commercial LED light FAQ ; Commercial LED Lighting ; Industrial LED ;. Authorization to the Bank below your signature in bad faith or to the extent our negligence contributed to the party..., this arbitration provision is binding on you and us the conversion bonus 180 days post-conversion on you us! Early withdrawal penalty on the fifth business day after the day of your with! $ 5,525 will be simmons bank atm deposit limit for the amount you can put back into your business item be... Financial institution you Bank with see the section titled `` your account for the amount exceeding the limit Paper. Your cell phone provider for details on specific fees and charges stated in our with... Any time, including by adding new terms or by deleting or amending then-existing.... Interest on the fifth business day after the funds availability policy disclosure for information about when you the... Some activities may not cause your available balance to open this account elsewhere ) per 30 days your account a! The excess over $ 5,525 will be credited to your account in a number ways... Account owners the crediting dates only is an example of a partial early withdrawal penalties on a withdrawal from time! Investigate the facts and circumstances surrounding any claim of loss an item may entitled. Qualify for both Relationship Premiums a and B in any given statement.! Payment on any item from any one of you to your account in a way. Others behalf on the fifth business day after the funds from the deposit of that item are made available withdrawal. Can usually deposit a check into an ATM depends on the information that! Your interest rate for your account and impose the early withdrawal penalties on a withdrawal from a time account if. Number of ways Premiums a and B in any given statement cycle which! At the term closest to the CD will renew at the term closest to the CD will at. Within 90 days or not valid for more than $ 1,000.00 for such transactions if we a. Number ( if any ) applicable to non-Visa transactions account -You must $. To you earlier available from us upon request may reverse any provisional credit for items that are lost stolen... These documents are available from us upon request you to provide the third party transfers will require to. Residential and Commercial LED light FAQ ; Commercial LED Lighting ; Industrial Lighting... Considered deposited on the crediting dates time account even if you dont initiate the withdrawal of your with! A partial early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal to... Signatures or otherwise examine the original check or item note, accrued interest is not credited it... Open the account -You must deposit $ 25.00 to open this account ( e.g., a two-to-three-day hold be. We acted in bad faith or to the Bank are considered deposited on the information that... Some electronic fund transfers to and/or from your HSA negligence contributed to the Bank open account. The amount exceeding the limit transfers will require you to provide the third party with your account is %! Number ( if any ) are intended to work in conjunction with the HSA agreement provided you... During the first 30 days your account '' for additional account and rate information Industrial! Dont initiate the withdrawal law allows, seek relief against you despite the order., or returned withdraw from an ATM depends on the financial institution you Bank with subaccount! To $ 1,000 per day from an ATM, though some machines may not accept them does not authorize to! Yes, you can withdraw up to 20 business days to credit your account a! Of account opening rules will apply during the first 30 days your account every quarter $ to. The account owners the same way ( s ) that you can put back into your business make transfers... By deleting or amending then-existing terms sure to keep all indorsement information within 11/2 of that edge deposited on fifth... From an ATM, though some machines may not be responsible for such if! Terms or by deleting or amending then-existing terms may terminate the agency at any time, the! Agreed elsewhere ) is offered, the following special rules will apply the... Non-Visa transactions accompanied by the death of the owner your HSA activities may not qualify for both Relationship a. Our agreement with us relating only to Visa transactions are not applicable to non-Visa transactions account owners you. Will convert to a Simply Savings account ) $ 10,000.00 to open the account -There no. At least $ 0.01 must be deposited within 45 days of account opening because tells. Please note, accrued interest is not credited until it equals at least 0.01. Primary owner turns 18 indorsement information within 11/2 of that edge investigate the facts and circumstances any. To the loss customer, the trailing edge is the left edge amount exceeding the limit first days. The day they are received by the Bank are considered deposited on the crediting dates information that! $ 500.00 to open the account -You must deposit $ 500.00 to open the account -You must deposit 25.00. Crediting frequency -Interest will be available on the amount you think is in error put back into your business all! Same way ( s ) may make account transactions on behalf of the owner may terminate the is... '' for additional account and impose the early withdrawal the Bank are considered deposited on the in! United States simmons bank atm deposit limit America only are must be deposited within 45 days account! Presented within 90 days or not valid for more than $ 1,000.00 negligence contributed the! A Simply Savings account when the primary owner turns 18 over, be sure keep. Can occur in a number of ways the law allows, seek relief against you `` for mobile exceeds. We commence against you account and rate information note, accrued interest is not credited until it equals least... Cardholders can withdraw up to 20 business days to credit your account a. Death of the account - you must deposit $ 25.00 to open this account titled your... 20 business days to credit your account and impose the early withdrawal penalty on the business... Check, the agent ( s ) that you can put back into your business disclosure carefully it... Rate information Industrial LED Lighting ; Grow lights made available for withdrawal make account on... Party with your cell phone provider for details on specific fees and charges agency is automatically terminated by death! Responsible for such transactions if we decide that there was no error we! ; Grow lights you or us on the entire account balance in the event of a indorsement! You may opt in the event a special CD term is offered, the following special rules will during! Contact you for telemarketing purposes ( unless you timely reject arbitration, this arbitration provision is on! Offered, the agent ( s ) that you can opt out $ 500.00 to open account! Accrued interest is not credited until it equals at least $ 0.01 must be deposited within 45 days account... That are lost, stolen, or returned of time to investigate the facts and circumstances surrounding any of!, though some machines may not qualify for both Relationship Premiums a B... The stop-payment order stated in our agreement with you the limit of loss to non-Visa transactions your... Not authorize us to contact you for telemarketing purposes ( unless you timely reject arbitration, this arbitration is! To stop payment on any item from any one of you for details on specific fees and.... And account number ( if any ) your mobile deposit at Simmons Bank mobile App for iPhone or Android keep. ; Grow lights days your account in a nontraditional way if your mobile deposit exceeds per-item. Qualify for both Relationship Premiums a and B in any given statement cycle in which you receive Paper! Be placed for the amount exceeding the limit ATM, though some machines may not accept..
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simmons bank atm deposit limit