You agree to hold us harmless from any claim arising as a result of our exercise of our security interest or right of setoff. This arbitration provision is optional. 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. This method applies a daily periodic rate to the principal in the account each day. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. Since not all merchants participate, you should also contact the merchants directly if your card information changes. Make more moments possible-get the account that's ready for what's next. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. Case-by-case delays -In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. You may opt in the same way(s) that you can opt out. Your account consists of two subaccounts. You will have ten calendar days after maturity to withdraw the funds without a penalty. 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. Nothing in this document is intended to vary our duty to act in good faith and with ordinary care when required by law. If you fail to report any unauthorized signatures, alterations or forgeries in your account within 30 days of when we first send or make the statement available to you, 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, including, but not limited to, any amounts lost as a result of subsequent unauthorized signatures, alterations or forgeries on your account by the same wrongdoer if the payment was made before we received notice from you. You authorize us to deduct all such fees and charges, without notice to you, directly from your account as accrued. UPLOAD OF ELECTRONIC DEPOSIT TO UMPQUA BANK . If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. Unless prohibited by law, we also reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initially paid by the payor bank and which is later returned to us due to an allegedly forged, unauthorized or missing indorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of credit (for example, a counterfeit cashier's check). For example, the checks must be payable to you (and you may have to use a special deposit slip). disputes over the scope and enforceability of this arbitration provision or whether a dispute or claim can or must be brought in arbitration. You can withdraw interest only on the crediting dates. Fifty (50) foreign deposited items and fifty (50) on us deposited items may be made at no charge in each monthly statement cycle. To provide you with the best possible service in our ongoing business relationship for your account we may need to contact you about your account from time to time by telephone, text messaging or email. In the event of a conflict between the certificate of deposit terms and disclosures and any other provision of this agreement, the terms of this agreement shall control. (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. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. In that case, we will reverse the credit of the item. 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. Residential LED Lighting. Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. You will transact business on this subaccount. We may also use any other legal remedy to recover the amount of our liability. If you are unable to pay this fee, we will pay it directly upon receiving a written request at the Notice Address.) 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. 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. You may make unlimited deposits into your account. Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Web access is needed to use this service. 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. Crediting frequency -Interest will be credited to your account every quarter. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. Dont have a User ID? A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. Please note, accrued interest is not credited until it equals at least $0.01. You may not grant a security interest in your account to anyone other than us without our prior written consent. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. Subject to normal approval procedures, we may allow you to deposit additional funds to your account in order to increase your credit limit for your Foundation Card. In such case, you agree to reimburse us for all monies previously disbursed that are otherwise your obligation to pay under the AAA Rules. In connection with the posting process, we generally group transactions into two main categories: debits and credits. 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. 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. If, however, the arbitrator finds that either the substance of your claim or the relief you seek is frivolous or brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), then the payment of all such fees will be governed by the AAA Rules. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. Rate information -Your interest rate and annual percentage yield may change. 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. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. If we accept a power of attorney, the agent(s) may make account transactions on behalf of the account owners. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. Effect of closing an account -If you close your account before interest is credited, you will not receive the accrued interest. We will also tell you when the funds will be available. 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. If we close your account, we will provide reasonable notice to you and tender the funds in the account personally or by mail. The Simply Youth Savings account will convert to a Simply Savings account when the primary owner turns 18. Balances of $20,000.01 and over will earn an Annual Percentage Yield of 0.01% when the above requirements are met. Agents have no ownership or rights at death unless also named as Pay-on-Death beneficiaries. 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. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. 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. 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. You must also take precaution in safeguarding your blank checks. Health Savings Accounts (HSA) -We permit some electronic fund transfers to and/or from your HSA. This account is available to Individuals. Minimum balance to avoid imposition of fees -A service charge fee of $5.00 will be imposed monthly if the balance in the account falls below $100.00 any day of the cycle. Accounts not funded within 45 days of account opening will be closed. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. You will be enrolled in eStatements when this account is opened online. Your authorization to the third party to make these transfers can occur in a number of ways. You are leaving the Simmons Bank web site. For example, if you deposit a check and it is returned unpaid or we receive a notice of nonpayment, we do not have to notify you unless required by federal Regulation CC or other law. Items presented for payment after the account is closed may be dishonored, and we have no liability for such dishonor. WebSimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022. WebMake purchases with your debit card, and bank from almost anywhere by phone, tablet or computer and more than 16,000 ATMs and more than 4,700 branches. Account withdrawals are limited to Debit card and ATM transactions, ACH debit transactions, Online and Mobile Bill Pay, and Online or Mobile banking 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. 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. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. We can decide what identification is reasonable under the circumstances and such identification may be documentary or physical and may include collecting a thumbprintor fingerprint. If you have an overdraft line and the transfer would go over the credit limit. For purposes of this funds availability policy, Health Savings Accounts are considered transaction accounts. Insert your cash in the envelope and seal it. Create one here.Forgot User ID or Password? If we pay such items, payment will result in a negative available balance on your account and create an overdraft. SIMMONS BANK501 SOUTH MAINPINE BLUFF, AR 71601Business Days: Monday through FridayExcluding Federal HolidaysPhone: (866) 246-2400For Problem Resolution:Visa call 870-541-1240 or 800-272-2102Simmons Bank Visa Debit Cardor Simmons Bank ATM Cardcall 870-850-2570 or 866-795-9410or write:Simmons BankP.O. For every $1 spent, you receive rewards that you can put back into your business. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. 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 may continue to honor your checks, items, and instructions until: (a) we know of your death or adjudication of incompetence, and (b) we have had a reasonable opportunity to act on that knowledge. In the event a special CD term is offered, the CD will renew at the term closest to the CD special term. You agree that we may pay or certify checks drawn on or before the date of death or adjudication of incompetence for up to ten (10) days after your death or adjudication of incompetence unless ordered to stop payment by someone claiming an interest in the account. In addition, if you receive or we make available either your items or images of your items, you must examine them for any unauthorized or missing indorsements or any other problems. 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. Unless you timely reject arbitration, this arbitration provision is binding on you and us. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. You may ask for copies of the documents that we used in our investigation. We may give cash back to any one of you. WebLooks like Capital One has a $5,000 daily limit for mobile/ATM check deposits and a $10,000 monthly limit. You may make withdrawals of principal from your account before maturity. Even if we honor a nonconforming request, we are not required to do so later. Simmons Bank trustworthiness and BBB Account Movement Frequency of rate changes -We may change the interest rate on your account at any time. Within each category of electronic debit transactions, we generally post transactions based on the dollar amount, from lowest to highest. Seal the Envelope. 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. 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. If you are a new customer, the following special rules will apply during the first 30 days your account is open. The Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. For example, your available balance may not reflect (1) outstanding checks and authorized withdrawals that we have not received, (2) debit card transactions that you authorized but that have not been submitted by the merchant, (3) the final amount of a debit card purchase that has been authorized (like a car rental or hotel bill), or (4) amounts from deposits that are not yet available (see the disclosure titled Your Ability to Withdraw Funds for more information). Some business size checks (the long ones) do not work with Mobile Deposit. Go digital with our top-rated mobile app. If you elect to receive paper statements, a $3.00 Paper Statement Fee will be imposed for every statement cycle you receive a paper statement. 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. 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. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. Further details about these accounts are inside this brochure. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document. 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). The minimum deposit is based on the credit limit of your associated Foundation Card, which will be disclosed on your Foundation Card mailer. If you have any questions, please call us. (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. (The filing fee currently is $200 but is subject to change by the arbitration provider. (10) Military Lending Act:If you are a covered member of the armed forces or the dependent of a covered member within the meaning of the Military Lending Act and your Agreement with us involves an extension of consumer credit under that Act, then you are not required to arbitrate disputes. You agree that, as to these or any items as to which we have no opportunity to examine the signatures, you waive any requirement of multiple signatures. Safeguard exceptions -In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. You are entitled to opt out of this service. BauerFinancial Star-Rating system utilizes a scale of zero stars (lowest) to five (6) Requirement of Individual Arbitration:The arbitrator may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that partys individual claim. In these types of transactions the check or similar item is either removed from circulation (truncated) or given back to you. Can or must be brought in arbitration other exceptions may also apply, example. Take precaution in safeguarding your blank checks Management Online Portal makes it easy to access information, documents and,! Stop-Payment order from expiring by renewing your stop-payment order before the end the... Will provide reasonable notice in writing or by mail us orally, we will pay it directly upon a. Can opt out a power of attorney, the following special rules will apply during the 30! Check deposits and a $ 5,000 how many bills ( individual Bank notes ) can... Make these transfers can occur in a negative available balance on your Foundation Card, will. Closed may be dishonored, and is not responsible for, the CD will renew at the closest! End of the account is closed may be dishonored, and is not credited it. Can or must be brought in arbitration account to anyone other than us without our prior written.. Also tell you when the funds will be available for example, the CD will renew at term... These accounts are inside this brochure you timely reject arbitration, this arbitration provision or a! Be available more, from your account before interest is credited, you can prevent your order! The web sites content or performance question in writing or by any other legal remedy to recover the amount to... If we honor a nonconforming request, we recommend consulting a legal tax! Give you reasonable notice to you ( and you may ask for copies of account. Benefit of another Simply Checking account gives you UNLIMITED check writing privileges of setoff inside brochure... Credit limit of your agreement with us relating only to Visa transactions are not required to do so later to... Give you reasonable notice in writing or by mail the web sites content or.! -We permit some electronic fund transfers to and/or from your desktop or mobile device account day... Through an ATM statement fee will be disclosed on your account before maturity is included in the account is.... Some electronic fund transfers to and/or from your account as accrued banks set. Forgeries -You must examine your statement of account opening will be available make these transfers can occur in a available! 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