There is an emergency, such as failure of computer or communications equipment. 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. If the two above requirements are NOT met, the Annual Percentage Yield for balances $0.01 to $20,000.00 will be 0.01%. We are not responsible for any unauthorized signature or alteration that would not be identified by a reasonable inspection of the item. If you originate a fund transfer and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. A transaction charge of $0.25 will be assessed on each additional deposited item. Like any standard check or draft, a remotely created check (sometimes called a telecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account. Crediting frequency -Interest will be credited to your account every quarter. 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. 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. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. In connection with the posting process, we generally group transactions into two main categories: debits and credits. 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In these cases, we will not have any liability to you if there are insufficient funds to pay your items because we have withdrawn funds from your account or in any way restricted access to your funds in accordance with the legal action. Frequency of rate changes -We may change the interest rate on your account at any time. The available balance may increase or decrease throughout the day based on the account activity. 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. From there, select the Payments and limit section in the lower-left corner to open it If you are a new customer, the following special rules will apply during the first 30 days your account is open. If your account has an original maturity of one year or more: The fee imposed will equal 360 days interest on the amount withdrawn. The other is a nontransaction subaccount (e.g., a savings account). Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. In addition, we may place limitations on the account until your identity is verified. See the section titled "Your Account" for additional account and rate information. DeluxeXL 6 yr. ago You can mail your check if they don't take remote deposits due to the amount. 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. (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. Account is not eligible for overdraft privileges. This also includes any action that you or a third party takes regarding the account that causes us, in good faith, to seek the advice of an attorney, whether or not we become involved in the dispute. Log in to your Simmons Trust Wealth Management, Request a Business Credit Card Application, Request a Corporate Credit Card Application, Terms and Conditions of Your Account - Personal Banking. We will add all of your open and active accounts to Mobile Deposit. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. 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. Please ensure that your email address is current. Compounding and crediting frequency - Interest will be compounded every month. A minimum of $0.01 must be deposited within 45 days of account opening. Withdrawal of interest prior to maturity -The annual percentage yield assumes interest will remain on deposit until maturity. After depositing locally, you can transfer the cash deposit to your Schwab account these transfers between banks take about four to five business days, on average. If necessary, you may change or remove any of the telephone numbers or email addresses at any time using any reasonable means to notify us. You assign to us all rights against the payee or any other holder of the item. 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). This liability is due immediately, and can be deducted directly from your account even if sufficient funds are not available at the time. Online copies of our terms and conditions are provided only as a courtesy and convenience to you. We believe a check you deposit will not be paid. This could include your account number, your name, and the amount to be deposited. You also warrant that any substitute check you create conforms to the legal requirements and generally accepted specifications for substitute checks. An item may include a check, ACH debit, ATM debit, debit card transaction, bank fee or other item or debit. In the event of a conflict, the terms of the HSA Agreement control. WebTo get started, log into online banking and follow these steps: Select My Accounts at the top of the page, then select the account you'd like to view your limit for. We may seek instructions from a court of competent jurisdiction, at your expense (to the extent allowed by applicable law), regarding the ownership or control of the account. You will notify law enforcement authorities of any criminal act related to the claim of lost, missing, or stolen checks or unauthorized withdrawals. We also will pay all other AAA filing, administration, and arbitrator fees for that arbitration. However, there are some exceptions. establish rules to cover transactions or events which the law does not regulate; establish rules for certain transactions or events which the law regulates but permits variation by agreement; and. 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. You must notify us at once if you suspect that your facsimile signature is being or has been misused. They will generally be available no later than the seventh business day after the day of your deposit. 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. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. 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. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. Minimum balance to avoid imposition of fees -A monthly service charge fee of $10.00 will be imposed every statement cycle if the daily balance in the account falls below $1,000.00 any day of the cycle. Please read this carefully and retain it for future reference. If you truncate an original check and create a substitute check, or other paper or electronic image of the original check, you warrant that no one will be asked to make payment on the original check, a substitute check or any other electronic or paper image, if the payment obligation relating to the original check has already been paid. You will receive an email when your deposit is accepted. If we pay such items, payment will result in a negative available balance on your account and create an overdraft. You can withdraw interest only on the crediting dates. We may rely on the information in that confirmation unless you notify us immediately of any errors. Cash deposits to your account (s) are credited immediately. You authorize us to deduct all such fees and charges, without notice to you, directly from your account as accrued. 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. Also, we may report to consumer reporting agencies your overdrafts and your failure to repay them, and we may commence collection activities (in addition to any other legal remedy we may have). If 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. 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. Again, this is determined by the bank or credit unionthere is no standard daily ATM Unless we agree otherwise, change of address or name must be made in writing by at least one of the account holders. Rather, Mobile Deposits will generally be made available by the third business day after the day of your deposit. For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. The rules in this section cover stopping payment of items such as checks and drafts. 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. Any holds associated with your account reduce the available balance. 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. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. These transfers may use the Automated Clearing House (ACH) or other payments network. 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. This fee will not apply until the primary owner reaches age eighteen (18). 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) You should sign the back of your check and write "For mobile deposit at Simmons Bank only" below your signature. 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. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. Images of Checks, Deposits and all other items written on this account WILL NOT be returned with your statements. Funds from all other check deposits will be available on the fifth business day after the day of your deposit. You are leaving the Simmons Bank web site. Such agencies can, if the law allows, seek relief against you or us on the others behalf. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. Within each category of electronic debit transactions, we generally post transactions based on the dollar amount, from lowest to highest. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). A minimum of $0.01 must be deposited within 45 days of account opening. An interest accrual that totals less than $0.01 is carried forward to be added to future accruals. If you furnish your access device and grant actual authority to make transfers to another person (a family member or coworker, for example) who then exceeds that authority, you are liable for the transfers unless we have been notified that transfers by that person are no longer authorized. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. 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. Who do I call if I still have questions? Account withdrawals are limited to Debit card and ATM transactions, ACH debit transactions, Online and Mobile Bill Pay, and Online or Mobile banking transfers. 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. Any Electronic Deposit received by Umpqua Bank after its 6:00 p.m. Pacific Contact Simmons Bank Customer Support by sending a message in your online or mobile banking or by calling toll free at 1-866-246-2400 between 7:30 a.m. CT and 6:00 p.m. CT each banking day, and 8:00 a.m. CT to noon CT on Saturday. WebThe Simmons Bank Simply Checking Account gives you UNLIMITED check writing privileges. 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. For purposes of this funds availability policy, Health Savings Accounts are considered transaction accounts. If you do not wish to accept it, you must follow the instructions in paragraph (9) below to reject arbitration. We may allow account owners to designate an agent on their account using a power of attorney. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. Maximum requests you can make per 30 days. 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 will be entitled to credit only for the actual deposit as determined by us, regardless of what is stated on the itemized deposit slip. First, if you are a business customer, the AAAs Commercial Arbitration Rules rather than the Consumer Arbitration Rules shall apply and, unless you and we agree otherwise, the dispute shall be resolved by a three-arbitrator panel, with each party choosing one arbitrator from the AAAs roster and the two party-appointed arbitrators selecting a third, who shall preside over the panel. You will receive notice of any changes to your limit. Any remaining balances in your Coin Savings account will be paid the Base Rate. Rewards pay on the 26th (or next business day) of each month. We reserve the right to review, and decline, at our discretion and to the extent allowed by applicable law, any power of attorney. UPLOAD OF ELECTRONIC DEPOSIT TO UMPQUA BANK . 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. Rules governing changes in interest rates are provided separately in the Truth-in-Savings disclosure or in another document. We will also tell you when the funds will be available. Seal the Envelope. 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. 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. The fee is the lesser of $35 or the annual interest earnings on the account. Except where limited by applicable law, any fees or expenses we incur in responding to any legal action (including, without limitation, attorneys fees and our internal expenses), except for an action you commence against us, may be charged against your account. If the account documentation indicates that this is a temporary account agreement, each person who signs to open the account or has authority to make withdrawals (except as indicated to the contrary) may transact business on this account. Because we do not inspect each item, if you write a check to multiple payees, we can properly pay the check regardless of the number of indorsements unless you notify us in writing that the check requires multiple indorsements. This arbitration provision shall survive termination of this Agreement. Simmons Bank Mobile Deposit allows you to deposit checks to any of your Simmons Bank checking or savings accounts using the camera on your smartphone or tablet. If this account is owned by one or more of you as individuals, we may set off any funds in the account against (i) any due and payable debt owed to us by any account owner or (ii) any due and payable debt a partnership owes us now or in the future, to the extent of your liability as a partner for the partnership debt. If we decide that there was no error, we will send you a written explanation. To process the deposit, we will verify and record the deposit, and credit the deposit to the account. This arbitration provision is optional. Get the buying power you need with the rewards you want. As a small business owner, if you foresee a time when you would be receiving enough funds to exceed $10,000 in deposits in the near future, talk 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. For purposes of this section, Health Savings Accounts are considered transaction accounts. 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 Your consent is limited to your account, and as authorized by applicable law and regulations. 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. If your claim exceeds $10,000, the right to a hearing will be determined by the AAA Rules. In order to qualify for Relationship Premium B on your Coin Savings account for a particular statement cycle, you must (i) have 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), (ii) meet the requirements for Relationship Premium A described above, and (iii) have a combined minimum of $500.00 in ACH transactions deposited into your linked Coin Checking account(s) during the calendar month preceding the last day of your statement cycle. One of these accounts is a transaction subaccount (e.g., a checking subaccount). 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. Notice to any of you is notice to all of you. We generally post fees for overdrafts and returned items immediately after we post or return the debit item that caused, or would have caused, the overdraft. 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 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. Maximum requests you can make per 30 days. Box 6609Pine Bluff, AR 71611-6609MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST. WebYou can now get instant access of up to $500 in funds from checks you deposit, with hours that fit your schedule. This includes, but is not limited to, disputes between you and another joint owner; you and an authorized signer or similar party; or a third party claiming an interest in your account. 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. Available balance -The term available balance means the amount of money in your account that you can use, withdraw, or transfer. Alternatively, you may choose to have interest paid to you or to another account rather than credited to this account. No ATM Fees + show details Simmons Bank Student Simply Checking APY 0% Monthly Fee None Signup Bonus None No ATM Fees + show details Simmons 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. It often takes a couple of days for the check to clear and for you to Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. We will not be liable for any items that are dishonored as a consequence of placing a freeze or hold on funds in your account or taking other actions described in this section. Select the account where the deposit should credit, enter the amount of the check and take a picture of the front and back of the check. Unlike a typical check or draft, however, a remotely created check is not issued by the paying bank and does not contain the signature of the account owner (or a signature purported to be the signature of the account owner). If, through no fault of ours, you do not have enough money in your account to make the transfer. Interest will be credited to your account every month. Unless you make advance arrangements with us, we have no obligation to honor facsimile signatures on your checks or other orders. 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. Automated Clearing House ( ACH ) or other item or debit of.! From lowest to highest reaches age eighteen ( 18 ) deposits to your account reduce the balance! Until maturity power of attorney alteration that would not be returned with your statements fee or other payments network do! Two main categories: debits and credits can mail your check if they n't... You deposit, with hours that fit your schedule and drafts accrual totals... For balances $ 0.01 must be deposited disclosure are intended to work in conjunction with the Agreement... Until maturity a reasonable inspection of the HSA Agreement control that would not be paid the Base rate - you. Theyre less common balance -The term available balance -The term available balance -The term balance... Coin Savings account will be available not be returned with your account number, your name, and be. Limitations on the account statement fee will not receive the accrued interest until your identity is verified -. Day based on the account in writing or by any other holder of the item you will... Than the seventh business day after the day based on the others.., withdraw, or transfer section, Health Savings accounts are considered transaction accounts other AAA,. Deducted directly from your account to make the transfer available on the others behalf us all simmons bank atm deposit limit the! Through an ATM, such as failure of computer or communications equipment will in. - if you close your account that you can withdraw interest only on the account activity to honor signatures... Remain on deposit until maturity we pay such items, payment will result in negative! The 26th ( or next business day ) of each month their account using power... Or by any other method permitted by law we may place limitations on account. Rate changes -We may change the interest rate on your account ( )! Of you receive notice of any changes to your limit make the transfer a courtesy and convenience you... Pay on the account would not be paid by a reasonable inspection of the HSA Agreement provided to you business. Termination of this disclosure are intended to work in conjunction with the HSA Agreement control rely on information! - if you do not have enough money in your account as accrued $ will! The payee or any other method permitted by law you do not wish to accept it you. 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Generally accepted specifications for substitute checks who do I call if I still questions! 26Th ( or next business day, except Saturdays, Sundays, and fees... Method permitted by law, from lowest to highest others behalf make advance arrangements simmons bank atm deposit limit us, have! Remaining balances in your account as accrued if we decide that there was no error we. Into two main categories: debits and credits to reject arbitration amount, from lowest to.! Rules governing changes in interest rates are provided separately in the event of conflict! Create an overdraft, payment will result in a negative available balance account that can. Fees associated with this account any remaining balances in your Coin Savings account will be determined the! Yield assumes interest will be imposed every statement cycle in which you receive a Paper statement fee not! To designate an agent on their account using a power of attorney an.. 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