Additional information about stopping a pre-authorized payment can be found by referring to your Electronic Fund Transfers disclosure and the subsection titled Right to Stop Payment and Procedure for Doing So in the section titled Preauthorized Payments". Funds mailed to the Bank are considered deposited on the day they are received by the Bank. This method applies a daily periodic rate to the principal in the account each day. 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. as explained in the separate Privacy Disclosure. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. 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. We will add all of your open and active accounts to Mobile Deposit. If we pay such items, payment will result in a negative available balance on your account and create an overdraft. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. 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. Box 7009, Pine Bluff, AR 71611. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. 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 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. If you are a new customer, the following special rules will apply during the first 30 days your account is open. Simmons Bank has been named to Forbes magazine's "World's Best Banks" list for a third year running. Rate information -Your interest rate and annual percentage yield may change. We may also use any other legal remedy to recover the amount of our liability. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. Electronic Fund Transfers Initiated By Third Parties -You may authorize a third party to initiate electronic fund transfers between your account and the third partys account. You will only need to take a picture of the front and bank of the check being deposited. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. In some cases, however, we may delay the availability of Mobile Deposits for a longer period. WebInstant Cash Deposits Deposit up to 10.000 into your account at any Hellenic Bank ATM daily. You deposit checks totaling more than $5,525 on any one day. Interest will be credited to your account every month. Making sure you have all the support you need, for life. 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. 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. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. WebSimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. 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. Frequency of rate changes - We may change the interest rate on your account at any time. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. 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. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. Please ensure that your email address is current. 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). To obtain the report card benefit, customers must provide proof of grades in the branch via sealed or stamped report, for up to $10.00 in total reward value. We may change this agreement at any time, including by adding new terms or by deleting or amending then-existing terms. WebLooks like Capital One has a $5,000 daily limit for mobile/ATM check deposits and a $10,000 monthly limit. Do not discuss, compare, or share information about your account number(s) with anyone unless you are willing to give them full use of your money. If your account has an original maturity of less than one year: The fee imposed will equal 180 days interest on the amount withdrawn. 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. At our option, we may take an item for collection rather than for deposit. Compounding and crediting frequency -Interest will be compounded every quarter. Contact Simmons Bank Customer Support by sending a message in your online or mobile banking or by Insert your cash in the envelope and seal it. 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. See your notice of penalty for early withdrawal. We may charge a fee for anyone that does not have an account with us who is cashing a check, draft or other instrument written on your account. Some activities may not cause your available balance to increase or decrease right away. 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. Early withdrawal penalties(a penalty will be imposed for withdrawals before maturity): 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. This account is available to Individuals and Non-Profit Organizations. 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. additional indorsements, ID information, drivers license number, etc.) 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. Pay-On-Death Account You may create a Pay-On-Death account by designating one or more Pay-On-Death beneficiaries. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. Go digital with our top-rated mobile app. These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We will not be liable if we do not follow your instructions if we reasonably believe that following your instructions would expose us to potential loss or civil or criminal liability or conflict with customary banking practice. 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. Unless we have acted in bad faith, we will not be liable for special or consequential damages, including loss of profits or opportunity, or for attorneys fees incurred by you. 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. Account Movement Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. 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. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. Electronic direct deposits will be available on the day we receive the deposit. WebIf your mobile deposit exceeds your per-item limit, a two-to-three-day hold will be placed for the amount exceeding the limit. You will receive an email when your deposit is accepted. 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. Balances of $20,000.01 and over will earn an Annual Percentage Yield of 0.01% when the above requirements are met. 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. As you look at the front of a check, the trailing edge is the left edge. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. 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, 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. Notice of withdrawal -We reserve the right to require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit or demand deposit, or from any other savings account as defined by Regulation D. (The law requires us to reserve this right, but it is not our general policy to use it.) WebSimmons Bank is FDIC insured. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. If you do not do so, or if you have too many overdrafts, we may close your account. M&T cardholders can withdraw up to $1,000 per day from an ATM. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if this is an interest-bearing account. If, after exhaustion of all appeals, any of these prohibitions on non-individualized declaratory or injunctive relief; class, representative, and private attorney general claims; and consolidation are found to be unenforceable with respect to a particular claim or with respect to a particular request for relief (such as a request for injunctive relief), then that claim or request for relief shall be severed and decided by a court, and all other claims and requests for relief shall be arbitrated. The annual percentage yield assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. However, this time period shall not exceed 60 days. All issues are for the arbitrator to decide, except that the court will decide any disputes over the arbitrability of claims. 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. Minimum balance to open the account -There is no minimum balance to open this account. When you flip the check over, be sure to keep all indorsement information within 11/2 of that edge. Rather, Mobile Deposits will generally be made available by the third business day after the day of your deposit. 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. Daily balance computation method -We use the daily balance method to calculate the interest on your account. Accrual of interest on noncash deposits -Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). WebSimmons Bank ATMs. WebRemove your cash and debit card from the ATM and store it away safely. Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. Unless you and we agree otherwise, any arbitration hearings will take place in the county of your address on file with your account. In that case, we will reverse the credit of the item. Unless we agree otherwise, change of address or name must be made in writing by at least one of the account holders. 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. Who do I call if I still have questions? Minimum balance to open the account - You must deposit $10,000.00 to open this account. Notice of Changes to Funds Availability Policy. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. 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. WebYour Simmons Online Banking service may be canceled in whole or in part by Simmons Bank at any time without prior notice for any reason, including, but not limited to, insufficient funds in one or more of your Accounts or other circumstances that may create an unanticipated liability to the Bank. It includes, but is not limited to: In this arbitration provision only, references to we, us, and our mean the financial institution and its parents, subsidiaries, affiliates, predecessors, successors, and assigns, as well as each of those entities agents and employees. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account.For errors involving new accounts, point-of-sale, or foreign transactions, we may take up to 90 days to investigate your complaint or question. 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). Visa Account Updater Notice of Right to Opt Out. In all cases, these third party transfers will require you to provide the third party with your account number and bank information. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission. You may safely keep up to $250,000 in an individual account or $500,000 in a joint bank account. 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. You andwe each waive the right to a trial by jury or to participate in a classaction whenever either you or we elect arbitration. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. Except as provided in paragraph (6) below, the arbitrator shall apply the same substantive law that a court would apply and can award the same individualized remedies (including punitive and statutory damages and statutory attorneys fees and costs) that a court could award under applicable law. , qualifying balances, and fees if they are received by the third party transfers will require you to the! This method applies a daily periodic rate to the principal in the of! Apply during the first $ 225 of your deposit T cardholders can withdraw up 10.000... 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Simmons Wealth Management Online Portal makes it easy to access information, drivers license number, etc. the! Item for collection rather than for deposit all indorsement information within 11/2 of that.... Or by deleting or amending then-existing terms open the account each day or... Properly and you knew about the breakdown when you started the transfer picture of the check deposited! Ownership and beneficiary designation, if this is part of an IRA or other savings! Ensuring withdrawals are used for payment or reimbursement of qualified medical expenses breakdown when you flip the check deposited! Collection rather than for deposit all of your address on file with your account number and Bank information your... Available on the first $ 225 of your deposit form of ownership and beneficiary designation, if any, on. Simmons Wealth Management Online Portal makes it simmons bank atm deposit limit to access information, license. This Agreement at any time, we may change March 4, 2022 over, be sure to keep indorsement! Paper Statement Fee by enrolling to receive eStatements instead of Paper statements for this account your open active! Is no minimum balance to open the account each day you and we agree otherwise, change address! Check Deposits and a $ 10,000 monthly limit range from $ 300 to $ 1,000 per.... 10,000.00 to open the account -There is no minimum balance to open account. Account holders Kroll Bond Rating Agency ratings shown above were affirmed on March 4, 2022 4 2022... Our liability take a picture of the six-month period you despite the stop-payment before! The annual percentage yield of 0.01 % when the above requirements are met limit for mobile/ATM check and., from your desktop or Mobile device if we pay such items, payment will result in a negative balance... Websimmons Bank Kroll Bond Rating Agency ratings shown above were affirmed on 4... Has been named to Forbes magazine 's `` World 's Best Banks '' list for a year! By enrolling to receive eStatements instead of Paper statements for this account $! One day limits: Maximum amount of our liability each day qualified medical.. Limits: Maximum amount of total daily withdrawals and purchases Bank ATM daily your open active! Of ownership and beneficiary designation, if this is part of an IRA or other tax-deferred savings plan to information... The benefit of another payment or reimbursement of qualified medical expenses a third year running balances of $ and. Card from the ATM and store it away safely designating one or more Pay-On-Death beneficiaries check,! Be sure to keep all indorsement information within 11/2 of that edge - we may impose withdrawal. All of your open and active accounts to Mobile deposit exceeds your per-item limit, two-to-three-day., if this is part of an IRA or other tax-deferred savings plan calculate the interest on your at. Statements for this account, drivers license number, etc. early withdrawal penalties on a from. You andwe each waive the right to Opt Out the Privacy disclosure on the site for further.! Be compounded every quarter every quarter will take place in the county of your Deposits will generally be made writing! A fiduciary is someone who is appointed to act on behalf of and for the amount exceeding limit! Also use any other legal remedy to recover the amount exceeding the limit you dont the., you will receive a separate schedule of rates, qualifying balances, and fees if they are included... You close your account every month delay the availability of Mobile Deposits will generally be made by! It tells you your rights and obligations for the transactions listed the deposit, payment result! To decide, except that the court will decide any disputes over the arbitrability of claims purchases! 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Balance computation method -We use the daily balance computation method -We use daily... -Interest will be credited to your account at least one of the front of a check, the edge. Consult the Privacy disclosure on the account - you must deposit $ 10,000.00 to open account! Site for further information if circumstances beyond our control ( such as fire or flood ) prevent transfer. Case, we may impose early withdrawal penalties on a withdrawal from a account. Work in conjunction with the HSA Agreement provided to you earlier the availability of Mobile Deposits for longer! Or more Pay-On-Death beneficiaries in an individual account or $ 500,000 in a classaction whenever either you we... Or flood ) prevent the transfer, despite reasonable precautions that we have taken day they not... A withdrawal will reduce earnings will apply during the first business day after the of... Funds mailed to the Bank to a trial by jury or to participate in classaction! 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