Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. 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 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. There are no Monthly Service Charge, Balance Requirements or Maintenance Fees associated with this account. Interest will be calculated on the same basis as during the original term. Residential and Commercial LED light FAQ; Commercial LED Lighting; Industrial LED Lighting; Grow lights. Our liability will be reduced by the amount you recover or are entitled to recover from these other sources. 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. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. The excess over $5,525 will be available on the fifth business day after the day of your deposit. 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. You may opt in the same way(s) that you can opt out. (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 receive an email when your deposit is accepted. To the extent permitted by law, you waive any notice of non-payment, dishonor or protest regarding any items credited to or charged against your account. A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. You may not grant a security interest in your account to anyone other than us without our prior written consent. 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). Balances of $20,000.01 and over will earn an Annual Percentage Yield of 0.01% when the above requirements are met. You agree that the time you have to examine your statement and report to us pursuant to this section will depend on the circumstances, but will not, except as provided in the next paragraph, exceed a total of 30 days from when the statement is first sent or made available to you. Please note, if a transaction shows as pending, it has not settled and posted. Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. We also will pay all other AAA filing, administration, and arbitrator fees for that arbitration. Withdrawal of interest prior to maturity -The annual percentage yield assumes interest will remain on deposit until 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. 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. You are leaving the Simmons Bank web site. (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). Reflector Series 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. 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. The arbitrator may consider but shall not be bound by rulings in other arbitrations involving different customers. Go digital with our top-rated mobile app. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling. We are not responsible for transactions by mail or outside depository until we actually record them. The Simmons Wealth Management Online Portal makes it easy to access information, documents and more, from your desktop or mobile device. 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. 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. Posting order is the order in which we post transactions to your account. 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. Web access is needed to use this service. Create one here.Forgot User ID or Password? Please ensure that your email address is current. You may stop payment on any item drawn on your account whether you sign the item or not. 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. Determination of rate - At our discretion, we may change the interest rate on your account. Dont have a User ID? If the machine uses envelopes, fill out the front of the envelope with any required information. If we are served with a subpoena, restraining order, writ of attachment or execution, levy, garnishment, search warrant, or similar order relating to your account (termed legal action in this section), we will comply with that legal action. 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. Accounts may be opened by a person acting in a fiduciary capacity. 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). This account is available to Individuals. Your consent is limited to your account, and as authorized by applicable law and regulations. If we need more time, however, we may take up to 45 days to investigate your complaint or question. Box 7009, Pine Bluff, AR 71611. Compounding and crediting frequency -Interest will be compounded every month. The fee imposed will equal 360 days interest on the amount withdrawn. However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time. We may properly pay and charge your account for a postdated check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. Making sure you have all the support you need, for life. We may refuse any withdrawal or transfer request which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Mobile Deposits are posted to accounts throughout each banking day. (10) Military Lending Act:If you are a covered member of the armed forces or the dependent of a covered member within the meaning of the Military Lending Act and your Agreement with us involves an extension of consumer credit under that Act, then you are not required to arbitrate disputes. 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 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. 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. If you elect to receive paper statements, a $3.00 Paper Statement Fee will be imposed for every statement cycle you receive a paper statement. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. 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. You agree to retain the original check in conformance with our internal policy for retaining original checks. The person(s) creating this account type reserves the right to: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at any time. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. An item may include a check, ACH debit, ATM debit, debit card transaction, bank fee or other item or debit. 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. 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. Some business size checks (the long ones) do not work with Mobile Deposit. 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. If we receive returned mail, we may impose a service fee. Available balance -The term available balance means the amount of money in your account that you can use, withdraw, or transfer. claims that may arise after the termination of this Agreement. You will pay any additional reasonable charges for services you request which are not covered by this agreement. 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. 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. By rejecting that future change, you are agreeing that you will arbitrate any dispute or claim between you and us in accordance with the language of this provision, as amended by any changes that you did not timely reject. Point-of-Sale Transactions - dollar limitations -Using your card: Types of Visa Debit Card Point-of-Sale Transactions -You may access your checking account(s) to purchase goods (in person, online or by phone), pay for services (in person, online or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution or do anything that a participating merchant will accept. Rules governing changes in interest rates are provided separately in the Truth-in-Savings disclosure or in another document. Since not all merchants participate, you should also contact the merchants directly if your card information changes. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. 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. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Health Savings Accounts (HSA) -We permit some electronic fund transfers to and/or from your HSA. WebRemove your cash and debit card from the ATM and store it away safely. WebYour limit will be displayed to you within the Chime mobile app. Get the buying power you need with the rewards you want. 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. Minimum balance to open the account -There is no minimum balance to open this account. 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. Notice to any of you is notice to all of you. 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. You are responsible for notifying us of any change in your address or your name. Examples of these transfers include, but are not limited to: Telephone Transfers - types of transfers -You may access your account by telephone (870) 541-1234 or (877) 245-1234 using your personal identification number (PIN), a touch tone phone and your account numbers, to: ATM Card ATM Transfers - types of transfers and dollar limitations -You may access your account(s) by ATM using your ATM card and personal identification number or Visa Debit Card and personal identification number, to: Some of these services may not be available at all terminals. Compounding and crediting frequency -Interest will be compounded every quarter. You will be paid this rate until first maturity. In such cases, we will notify you, and we will tell you when the funds will be available. 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. 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 365 days. As a result, we have no opportunity to review the signatures or otherwise examine the original check or item. WebYou can now get instant access of up to $500 in funds from checks you deposit, with hours that fit your schedule. Minimum balance to open the account -You must deposit $25.00 to open this account. If you do not do so, or if you have too many overdrafts, we may close your account. 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. Duty to protect account information and methods of access -It is your responsibility to protect the account numbers and electronic access devices (e.g., an ATM card) we provide you for your account(s). However, electronically moving funds to or from your HSA for example, depositing more than the allowable amount, or getting additional cash back on an HSA debit card transaction can raise a variety of tax concerns. Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. We are not responsible for the actions of a fiduciary, including the misuse of funds. To ensure that your check or share draft is processed without delay, you must indorse it (sign it on the back) in a specific area. Simmons Bank has been named to Forbes magazine's "World's Best Banks" list for a third year running. 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. Web Initiate transfers of funds between your Arvest Bank checking, money market and savings account(s). You agree to hold us harmless from any claim arising as a result of our exercise of our security interest or right of setoff. 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. 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. Fifty (50) foreign deposited items and fifty (50) on us deposited items may be made at no charge in each monthly statement cycle. 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. Agents have no ownership or rights at death unless also named as Pay-on-Death beneficiaries. Effect of closing an account -If you close your account before interest is credited, you will not receive the accrued interest. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. Withdrawals and other categories of debits are generally posted after credits. 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. 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. There is no Monthly Service Charge on this account. 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. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. 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 Residential LED Lighting. All deposits to this account WILL be considered Current Year Contributions, UNLESS otherwise specified by the account owner. Account Movement 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. 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. Among the debit categories, categories of electronic transactions, such as ATM withdrawals, PIN-based debit card transactions, and signature-based debit card transactions, are generally posted before categories of paper items, such as checks. This liability is due immediately, and can be deducted directly from your account even if sufficient funds are not available at the time. An interest accrual that totals less than $0.01 is carried forward to be added to future accruals. Rewards pay on the 26th (or next business day) of each month. The report card benefit will be paid at the close of the calendar school year and proof of grades should be submitted within 30 days of end-of-year (May/June) report card. 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