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. It often takes a couple of days for the check to clear and for you to Please ensure that your email address is current. Web30-day limit (i.e., dollar amount per 30 days). Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular. Seal the Envelope. If we are required for any reason to reimburse the federal government for all or any portion of a benefit payment that was directly deposited into your account, you authorize us to deduct the amount of our liability to the federal government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. 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. 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. Maximum requests you can make per 30 days. imomushi8 6 yr. ago Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. Any certificate of deposit terms and disclosures provided by us to you separately are intended to supplement the terms of this agreement. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. Accounts not funded within 45 days of opening will be closed. 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. 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. For example, if you deposit $9,500 of We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. Any Electronic Deposit received by Umpqua Bank after its 6:00 p.m. Pacific You can only withdraw interest credited in the term before maturity of that term without penalty. 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. Get the buying power you need with the rewards you want. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. This account is available to Individuals. You must notify us at once if you suspect that your facsimile signature is being or has been misused. Also, it is your responsibility to ensure the contributions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. We believe a check you deposit will not be paid. must fall within 11/2 of the trailing edge of a check. An atm is a terminal located on the placements of financial institutions or elsewhere, through which customers may make withdrawals, deposits or Errors relating to electronic fund transfers or substitute checksThis paragraph applies to consumer accounts only. 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. For example, the checks must be payable to you (and you may have to use a special deposit slip). Daily balance computation method -We use the daily balance method to calculate the interest on your account. To obtain the $10.00 opening deposit match, balance must be at $10.00 or more on their third reward cycle, and the minor must not be past the day of their 17th birthday at account opening. For information on errors relating to a substitute check you received, refer to your disclosure entitled Substitute Checks and Your Rights. 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. ATM domestic withdrawals: $2.50 to $3.00 ATM domestic inquiries: $0.50 ATM foreign transactions: $0, but a general fee for foreign transactions applies, typically 4% Declined ATM transactions: $1 The following prepaid cards deliver the services you expect, including access to ATMs, without demanding a good credit score or a U.S. bank If you have any difficulties, please email support@simmonsbank.com or call us at 1-866-246-2400. (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. You will transact business on this subaccount. Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield. When you flip the check over, be sure to keep all indorsement information within 11/2 of that edge. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. The available balance may increase or decrease throughout the day based on the account activity. Accounts opened on or before the 25th of each month will pay on the third statement cycle, accounts opened between the 26th and 31st will pay in the fourth statement cycle. If we pay such items, payment will result in a negative available balance on your account and create an overdraft. Telephoning is the best way of keeping your possible losses down. 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. As a result, before electronically accessing any account you may have with us, it is a good practice to make sure you are using the correct access device (such as a card) or accessing the appropriate account for the transaction. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. 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. Nor will it affect any other arbitration agreements between you and us, such as arbitration provisions in other contracts between you and us. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. We are not responsible for any unauthorized signature or alteration that would not be identified by a reasonable inspection of the item. Joint Account - With Survivorship (And Not As Tenants In Common) -is an account in the name of two or more persons. 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). You grant us a right of setoffto, and a security interest in, your account to ensure you pay us all amounts you owe us under this agreement or other debts you owe us (now or in the future). If we accept a power of attorney, the agent(s) may make account transactions on behalf of the account owners. Positive pay and other fraud prevention services -Except for consumer electronic fund transfers subject to Regulation E, you agree that if we offer you services appropriate for your account to help identify and limit fraud or other unauthorized transactions against your account, and you reject those services, you will be responsible for any fraudulent or unauthorized transactions which could have been prevented by the services we offered. Unless you and we agree otherwise, any arbitration hearings will take place in the county of your address on file with your account. You represent that you have the authority to open and conduct business on this account on behalf of the entity. As you look at the front of a check, the trailing edge is the left edge. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Only ACH transactions described above which 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 B for a given statement cycle. Debit/ATM card limits: Maximum amount of total daily withdrawals and purchases. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Whenever the words, include, includes, or including are used in this agreement, they shall be deemed followed by the phrase without limitation (except to the extent such phrase, or a phrase of substantially similar meaning, is already expressly stated). You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. Informing us of your address or name change on a check reorder form is not sufficient. Because we process checks mechanically, your notice will not be effective and we will not be liable for failing to honor your notice unless it precisely identifies the number, date, amount and payee of the item. Log in to your Simmons Trust Wealth Management, Request a Business Credit Card Application, Request a Corporate Credit Card Application, An active Simmons Bank online banking login; and. With the above understandings, you authorize us to contact you regarding your account throughout its existence using any telephone numbers or email addresses that you have previously provided to us or that you may subsequently provide to us. If you have complied with the requirements of this paragraph and the arbitrator awards you an amount of money that exceeds the value of our last written settlement to you before the appointment of the arbitrator, then we will pay you $500 in lieu of any smaller award. This method applies a daily periodic rate to the principal in the account each day. The owner may terminate the agency at any time, and the agency is automatically terminated by the death of the owner. Rules governing changes in interest rates are provided separately in the Truth-in-Savings disclosure or in another document. In the event a special CD term is offered, the CD will renew at the term closest to the CD special term. WebInstant Cash Deposits Deposit up to 10.000 into your account at any Hellenic Bank ATM daily. A $3.00 Paper Statement Fee will be imposed every statement cycle in which you receive a paper statement. If there is a cross-appeal, the costs shall be borne equally by both sides, subject to reallocation by the panel in its final award as justice or otherwise applicable law requires. Overdraft fees will not be assessed in the event of an overdraft of the account. 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. 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. This agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers as adopted in the state of Arkansas. We are not responsible for transactions by mail or outside depository until we actually record them. 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. 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. If you do not wish to agree to arbitration, please refer to the section entitled Dispute Resolution by Binding Arbitration for instructions on how to reject arbitration. You assume full responsibility of any loss in the event the cash you withdraw is lost, stolen, or destroyed. Funds from deposits of cash, wire transfers, and the first $5,525 of a days total deposits of cashiers, certified, tellers, travelers, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. If your claim exceeds $10,000, the right to a hearing will be determined by the AAA Rules. You authorize us to deduct all such fees and charges, without notice to you, directly from your account as accrued. See your notice of penalty for early withdrawals for additional information. You could lose all the money in your account (plus your maximum overdraft line of credit). 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. Indorsements must be made in blue or black ink, so that they are readable by automated check processing equipment. It is your responsibility to satisfy any tax liability resulting from use of your HSA for any purpose other than payment or reimbursement of qualified medical expenses. Rate information - Your interest rate and annual percentage yield may change. 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. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. If the machine uses envelopes, fill out the front of the envelope with any required information. Minimum balance to open the account -You must deposit $10.00 to open this account. You consent in advance to any such recording. If you are a new customer, the following special rules will apply during the first 30 days your account is open. You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate. To be valid, a Rejection Notice must: (a) include your name, account number, and a statement that you are rejecting the arbitration provision in this Agreement; and (b) be received by us within 30 days after the opening of your account. You assign to us all rights against the payee or any other holder of the item. 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. Go digital with our top-rated mobile app. As a result, we have no opportunity to review the signatures or otherwise examine the original check or item. Or, in our discretion, we may freeze the assets in the account and not allow any payments out of the account until a final court determination regarding the legal action. If you meet the above Relationship B requirements in the calendar month preceding the last day of your statement cycle, you will qualify for Relationship Premium B on your most recently opened Coin Savings account for that statement cycle and receive the Base Rate plus an additional 50 basis points (.50%) in interest on any daily balance amount up to and including $10,000.00. Your duty to report other errors or problems -In addition to your duty to review your statements for unauthorized signatures, alterations and forgeries, you agree to examine your statement with reasonable promptness for any other error or problem - such as an encoding error, an unexpected deposit amount, or an improper fee or charge. 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). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. You will pursue your rights or, at our option, assign them to us so that we may pursue them. The excess over $5,525 will be available on the fifth business day after the day of your deposit. Subject to federal and state law, we may monitor or record telephone calls for security reasons, to maintain a record and to ensure that you receive courteous and efficient service. 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. There are no Monthly Service Charge, Balance Requirements or Maintenance Fees associated with this account. Crediting frequency -Interest will be credited to your account every quarter. If your debt arises from a promissory note, then the amount of the due and payable debt will be the full amount we have demanded, as entitled under the terms of the note, and this amount may include any portion of the balance for which we have properly accelerated the due date. Please note that the funds availability provisions set forth above do not apply to funds deposited remotely using the mobile deposit function within our mobile banking application (Mobile Deposits). We also will pay all other AAA filing, administration, and arbitrator fees for that arbitration. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the fee, charge, or overdraft. One of these accounts is a transaction subaccount (e.g., a checking subaccount). You may not make any deposits into your account before maturity. 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. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. Transaction limitations:You may only make in-person deposits into and withdrawals from your account subject to a hold as provided in the Security Agreement and Credit Card Agreement for your Foundation Card. as explained in the separate Privacy Disclosure. If your Rejection Notice complies with these requirements, this arbitration provision will not apply to you with respect to any claims that you or we commence in litigation or arbitration after we receive your Rejection Notice. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. No ATM Fees + show details Simmons Bank Student Simply Checking APY 0% Monthly Fee None Signup Bonus None No ATM Fees + show details Simmons Using the Simmons Bank Mobile App for iPhone or Android, login and select the "Deposit" quick action on your dashboard or select "Deposit Check" from the menu. disputes over the scope and enforceability of this arbitration provision or whether a dispute or claim can or must be brought in arbitration. Please read this carefully and retain it for future reference. We have organized your account in a nontraditional way. 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. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Each renewal term will be the same as the original term, beginning on the maturity date. In this arbitration provision only, references to you and your mean the account owners, all authorized or unauthorized users or beneficiaries of the account, each of those persons assignees, heirs, trustees, agents, or other representatives, and if the account owner is a business, the account owners parents, subsidiaries, affiliates, predecessors, successors, assigns, and each of those entities agents and employees. If we decide that there was no error, we will send you a written explanation. All costs and attorneys fees can be deducted from your account when they are incurred, without notice to 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. Within the debit and credit categories, we further generally subcategorize and post transactions by category/subcategory. 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