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. Insert your cash in the envelope and seal it. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. 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. We also will pay all other AAA filing, administration, and arbitrator fees for that arbitration. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. Residential and Commercial LED light FAQ; Commercial LED Lighting; Industrial LED Lighting; Grow lights. This consent is regardless of whether the number we use to contact you is assigned to a landline, a paging service, a cellular wireless service, a specialized mobile radio service, other radio common carrier service or any other service for which you may be charged for the call. This method applies a daily periodic rate to the principal in the account each day. The Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. An atm is a terminal located on the placements of financial institutions or elsewhere, through which customers may make withdrawals, deposits or Compounding and crediting frequency - Interest will be compounded every month. 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. Minimum balance to open the account -You must deposit between $300.00 to $5,000.00 to open this account. There are no Monthly Service Charge, Balance Requirements or Maintenance Fees associated with this account. Each such payment will constitute an additional overdraft. In these types of transactions the check or similar item is either removed from circulation (truncated) or given back to you. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. If your claim is for $10,000 or less, we agree that you may choose whether the arbitration will be conducted solely on the basis of documents submitted to the arbitrator, through a telephonic hearing, or by an in-person hearing as established by the AAA Rules. You are leaving the Simmons Bank web site. If we receive a payment order to credit an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. WebSimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022. 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. You can withdraw interest only on the crediting dates. 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. 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. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened. 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. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. We must receive the notice in time for us to have a reasonable opportunity to act on it, and you must tell us the precise date of the check, amount, check number and payee. We can change our practice of paying overdrafts on your account without notice to you. You agree that you will indemnify, defend, and hold us harmless for any loss, liability, damage or expense that occurs because your indorsement, another indorsement or information you have printed on the back of the check obscures our indorsement. 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. If you do not wish to accept it, you must follow the instructions in paragraph (9) below to reject arbitration. 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. Funds from all other check deposits will be available on the fifth business day after the day of your deposit. Computer Transfers - types of transfers -You may access your account(s) by computer through the internet by logging onto our website at www.simmonsbank.com and using your user identification and a password, to: Mobile Banking Transfers - types of transfers -You may access your account(s) through the browser on your cell or mobile phone at www.simmonsbank.com and using your user identification and a password, to: You may be charged access fees by your cell phone provider based on your individual plan. These are the accounts you have opened or inquired about. 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). (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. Yes. We may allow account owners to designate an agent on their account using a power of attorney. 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. 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. Withdrawal of interest prior to maturity -The annual percentage yield assumes interest will remain on deposit until maturity. Such services include positive pay or commercially reasonable security procedures. If you have complied with the requirements of this paragraph and the arbitrator awards you an amount of money that exceeds the value of our last written settlement to you before the appointment of the arbitrator, then we will pay you $500 in lieu of any smaller award. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. Maximum requests you can make per 30 days. 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. We are not responsible for transactions by mail or outside depository until we actually record them. Such agencies can, if the law allows, seek relief against you or us on the others behalf. Minimum balance to open the account -There is no minimum balance to open this account. 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). The interest rate and annual percentage yield described below in the Your Account section reflect the base interest rate (Base Rate) in effect as of the date this disclosure is provided to you, and do not reflect any potential increases in the interest amount as a result of Relationship Premiums. 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. Multiple signatures, electronic check conversion, and similar transactions -An electronic check conversion transaction is a transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation. 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. 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. For instance, the early withdrawal penalty may be imposed if the withdrawal is caused by our setoff against funds in the account or as a result of an attachment or other legal process. Alternatively, you may choose to have interest paid to you or to another account rather than credited to this account. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. The following rules do not apply to a transaction or claim related to a consumer electronic fund transfer governed by Regulation E. The error resolution procedures for consumer electronic fund transfers can be found in our initial Regulation E disclosure titled, Electronic Fund Transfers. For other transactions or claims, if you claim a credit or refund because of a forgery, alteration, or any other unauthorized withdrawal, you agree to cooperate with us in the investigation of the loss, including giving us an affidavit containing whatever reasonable information we require concerning your account, the transaction, and the circumstances surrounding the loss. Informing us of your address or name change on a check reorder form is not sufficient. If you do not do so, or if you have too many overdrafts, we may close your account. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Make more moments possible-get the account that's ready for what's next. Rewards pay on the 26th (or next business day) of each month. Frequency of rate changes -We may change the interest rate on your account at any time. An account number can be used by thieves to issue an electronic debit or to encode your number on a false demand draft which looks like and functions like an authorized check. You will have ten calendar days after maturity to withdraw the funds without a penalty. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling. Rate Information - Your interest rate and annual percentage yield may change. In such cases, we will notify you, and we will tell you when the funds will be available. We may also require reasonable identification to cash such a check, draft or other instrument. 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. WebNew Customer Limits: Online transfers are limited to a maximum of: $100,000 per transaction; $100,000 per day; $150,000 per month; New Customers can make up to six For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. If you have any questions, please call us. If we decide that there was no error, we will send you a written explanation. For information on errors relating to a substitute check you received, refer to your disclosure entitled Substitute Checks and Your Rights. 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). Credit entries may be made by ACH. Web Initiate transfers of funds between your Arvest Bank checking, money market and savings account(s). How do you withdraw money without a debit card? Mobile Deposits are posted to accounts throughout each banking day. 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. Verify incoming direct deposit amounts or the credits and debits that have posted to your account(s). You will receive notice of any changes to your limit. If we accept a third-party check or draft for deposit, we may require any third-party indorsers to verify or guarantee their indorsements, or indorse in our presence. Rate information -Your interest rate and annual percentage yield may change. Funds mailed to the Bank are considered deposited on the day they are received by the Bank. 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. However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. 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. 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. 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. Make balance inquiries on your Arvest Bank checking, money market and savings account(s). You may opt out at any time. 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. By opening and maintaining your account with us, you consent to our asserting our security interest in your account, to the extent any applicable laws require your consent. 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. For those accounts to which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. Receive eStatements instead of Paper statements for this account us of your deposit by. Tax-Deferred savings plan deposited on the others behalf have ten calendar days after maturity withdraw... 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