We are not responsible for transactions by mail or outside depository until we actually record them. This fee will not apply until the primary owner reaches age eighteen (18). Determination of rate -At our discretion, we may change the interest rate on your account. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. 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. Failure to examine your statement and items and report any errors or problems to us within 60 days of when we first send or make the statement available precludes you from asserting a claim against us for any errors or problems related to items or other matters identified in that statement and as between you and us the loss will be entirely yours. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. For example, if you deposit $9,500 of 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. 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. Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. There are no Monthly Service Charge, Balance Requirements or Maintenance 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. If you wish to make a contribution for the Previous Tax Year, it must be designated as a Prior Year Contribution at the time of your deposit. 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. Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. The fee imposed will equal 360 days interest on the amount withdrawn. 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. Accrual of interest on noncash deposits -Interest begins to accrue on the business day you deposit noncash items (for example, checks). However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. Simmons Bank does not provide, and is not responsible for, the web sites content or performance. Any cash transactions are combined and treated as a single transaction, and those transactions count toward the $10,000 limit. Compounding and crediting frequency -Interest will be compounded every month. You must include your name, account number, and card number. For more information about the terms applicable to the availability of Mobile Deposits, refer to the Simmons Bank Terms of Service for Online Banking. If the figures are not filled in, please see the insert that is with this disclosure or your periodic statement. Maximum requests you can make per day. If you meet the above Relationship Premium A requirements in the calendar month preceding the last day of your current statement cycle, you will qualify for Relationship Premium A on your most recently opened Coin Savings account for that statement cycle and receive the Base Rate plus an additional 25 basis points (.25%) in interest on any daily balance amount up to and including $10,000.00. This means you may use your Visa-branded Debit Card on a PIN-Debit Network* (a non-Visa network) without using a PIN. If we decide that there was no error, we will send you a written explanation. You agree to cooperate with us in any legal actions that we may take against such persons. Online copies of our terms and conditions are provided only as a courtesy and convenience to you. You authorize us to attempt to collect previously returned items without giving you notice, and in attempting to collect we may permit the payor bank to hold an item beyond the midnight deadline. An interest accrual that totals less than $0.01 is carried forward to be added to future accruals. If we are presented with an item drawn against your account that would be a substitute check, as defined by law, but for an error or defect in the item introduced in the substitute check creation process, you agree that we may pay such item. We may rely on the information in that confirmation unless you notify us immediately of any errors. Minimum balance to open the account -You must deposit $25.00 to open this account. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. 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". Minimum balance to avoid imposition of fees -A monthly service charge fee of $6.00 will be imposed every statement cycle unless you maintain either a minimum daily balance of $500.00 or a monthly average daily balance of $1,000.00 for the monthly statement cycle. We can change our practice of paying overdrafts on your account without notice to you. This agreement is subject to applicable federal laws, the laws of the state of Arkansas and other applicable rules such as the operating letters of the Federal Reserve Banks and payment processing system rules (except to the extent that this agreement can and does vary such rules or laws). 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. Get the buying power you need with the rewards you want. We can refuse to accept substitute checks that have not previously been warranted by a bank or other financial institution in conformance with the Check 21 Act. Accounts not funded within 45 days of account opening will be closed. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement, or as executors, administrators, or conservators under court orders. We need only make one determination, but if we choose to make a subsequent determination, the available balance at the subsequent time will determine whether there are insufficient funds. In the event of a conflict, the terms of the HSA Agreement control. Joint Account - No Survivorship (As Tenants In Common) -is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. 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) WebSimmons Bank ATMs. 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. 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. (9) Right to Reject Arbitration Provision:If you do not wish to arbitrate, you have 30 days to reject this arbitration provision by sending a rejection notice to the Notice Address above by certified mail (Rejection Notice). Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. For every $1 spent, you receive rewards that you can put back into your business. These are the accounts you have opened or inquired about. 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. 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. 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. We will use what is called a substitute (or electronic) deposit slip to post the deposit to your account. If you sign the signature card, otherwise indicate your acceptance of these terms, or open or continue to use the account, you agree to these rules. 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). We may accept for deposit any item payable to you or your order, even if they are not indorsed by you. Rather, Mobile Deposits will generally be made available by the third business day after the day of your deposit. If the notice is regarding a check or other item, you must give us sufficient information to be able to identify the check or item, including the precise check or item number, amount, date and payee. Simmons Bank trustworthiness and BBB 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. 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. 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. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. In such cases, we will notify you, and we will tell you when the funds will be available. Making sure you have all the support you need, for life. 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. However, we must first obtain your consent to contact you about your account because we must comply with the consumer protection provisions in the federal Telephone Consumer Protection Act of 1991 (TCPA), CAN-SPAM Act and their related federal regulations and orders issued by the Federal Communications Commission (FCC). (8) Additional Procedures for Complex Disputes:If the actual damages sought by either you or us in an arbitration exceeds $250,000 (not counting amounts sought for punitive, statutory, treble, or emotional harm damages or for attorneys fees or costs), then the following additional procedures apply. Simmons Bank has been named to Forbes magazine's "World's Best Banks" list for a third year running. 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. 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. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. If a discrepancy exists between these online copies and what has been provided to you by Simmons Bank, any documents provided to you by Simmons Bank shall govern. This agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers as adopted in the state of Arkansas. 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. 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. We do not charge for preauthorized payments from any type of account. Minimum balance to open the account - You must deposit $10,000.00 to open this account. Nothing in this document is intended to vary our duty to act in good faith and with ordinary care when required by law. We may accept an order to stop payment on any item from any one of you. 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. In some cases, however, we may delay the availability of Mobile Deposits for a longer period. 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). Yes. You deposit checks totaling more than $5,525 on any one day. 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. Who do I call if I still have questions? 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. 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. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. This agreement evidences a transaction in interstate commerce, and thus the Federal Arbitration Act governs the interpretation and enforcement of this provision. Savings Accounts You can also ask us if we have other account services that might be available to you where we agree to pay overdrafts under certain circumstances, such as an overdraft protection line-of-credit or a plan to sweep funds from another account you have with us. 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. 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. WebYou can now get instant access of up to $500 in funds from checks you deposit, with hours that fit your schedule. (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. 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. If you deliver a deposit to us and you will not be present when the deposit is counted, you must provide us an itemized list of the deposit (deposit slip). 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. For purposes of this funds availability policy, Health Savings Accounts are considered transaction accounts. If you violate the stated transaction limitations (if any), in our discretion we may close your account or reclassify it as a transaction account. 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. 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. 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. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. Once you verify that the funds have been applied to your account correctly, you should shred the check. You will have ten calendar days after maturity to withdraw the funds without a penalty. 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. We may do these things even if the legal action involves less than all of you. We have organized your account in a nontraditional way. A minimum of $0.01 must be deposited within 45 days of account opening. If you will need the funds from a deposit right away, you should ask us when the funds will be available. If you do not do so, or if you have too many overdrafts, we may close your account. Nor does this arbitration agreement preclude either you or us from exercising self-help remedies (including setoff), and exercising such a remedy is not a waiver of the right to invoke arbitration of any dispute. Joint Account - With Survivorship (And Not As Tenants In Common) -is an account in the name of two or more persons. Pay-On-Death Account You may create a Pay-On-Death account by designating one or more Pay-On-Death beneficiaries. 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. Reflector Series Using an automated process helps us keep costs down for you and all account holders. You consent in advance to any such recording. If we need more time, however, we may take up to 45 days to investigate your complaint or question. Maximum requests you can make per 30 days. If we communicate by mail, we will generally attempt to communicate with you by use of the most recent address you have provided to us. We will treat and record all transactions received after our daily cutoff time on a business day we are open, or received on a day we are not open for business, as if initiated on the next business day that we are open. In these types of transactions the check or similar item is either removed from circulation (truncated) or given back to you. If you opt out, you may opt back in if you decide you want the Visa Account Updater service in the future. For this reason, we are not required to honor any restrictive legend or indorsement or other special instruction placed on checks you write unless we have agreed in writing to the restriction or instruction. Insert your cash in the envelope and seal it. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. 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. The purpose of this document is to: If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. Mobile deposit is available to Simmons Bank online and mobile banking customers who are at least 18 years of age and have the most recent Simmons Bank App for iPhone or Android. Accounts not funded within 45 days of opening will be closed. We may take funds from your account to pay the amount you owe us, and if there are insufficient funds in your account, you still owe us the remaining balance. 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. 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. 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