You will receive an email when your deposit is accepted. This could include your account number, your name, and the amount to be deposited. Accounts not funded within 45 days of opening will be closed. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. Your account number can also be used to electronically remove money from your account, and payment can be made from your account even though you did not contact us directly and order the payment. Any cash transactions are combined and treated as a single transaction, and those transactions count toward the $10,000 limit. This right of setoffdoes not apply to this account if prohibited by law. Rewards pay on the 26th (or next business day) of each month. Any holds associated with your account reduce the available balance. Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. If a transaction shows as pending, it has not settled and posted. As used in this document the words we, our, and us mean the financial institution (Simmons Bank), and the words you and your mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. Interest will be credited to your account every quarter. There are no limitations on the frequency or timing of additional deposits, except that no additions can be made in the last seven days before maturity. 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. Minimum balance to obtain the annual percentage yield disclosed -You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You warrant and agree to the following for every remotely created check we receive from you for deposit or collection: (1) you have received express and verifiable authorization to create the check in the amount and to the payee that appears on the check; (2) you will maintain proof of the authorization for at least 2 years from the date of the authorization, and supply us the proof if we ask; and (3) if a check is returned you owe us the amount of the check, regardless of when the check is returned. If an arbitration provision has been added for the first time to the agreement for an existing account, your Rejection Notice must be postmarked on or before the effective date of that amendment to that agreement. The electronic fund transfers we permit are offered for the convenience of managing your HSA. You will transact business on this subaccount. We may determine the available balance in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the time we receive the item and when we return the item or send a notice in lieu of return. 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 Please read this carefully and retain it for future reference. Notify us at once if you believe your checks have been lost or stolen. There is no Monthly Service Charge on this account. 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. Alternatively, you may choose to have interest paid to you or to another account rather than credited to this account. If the figures are not filled in, please see the insert that is with this disclosure or your periodic statement. Please click here to change/reset your username or password. Unless you make advance arrangements with us, we have no obligation to honor facsimile signatures on your checks or other orders. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. 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). If we have notified you of a change in any term of your account (including, for the avoidance of doubt, a change to this agreement) and you continue to have your account after the effective date of the change, you have agreed to the new term(s). Indorsements must be made in blue or black ink, so that they are readable by automated check processing equipment. You can also see the status of your deposit in our app. Your authorization to the third party to make these transfers can occur in a number of ways. You will pay any additional reasonable charges for services you request which are not covered by this agreement. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. If you want to opt out, phone us at 1-866-246-2400, email us at debit.operations@simmonsbank.com, notify us through our website at https://simmonsbank.com/contact, or mail us notice of your intention to opt out at Simmons Bank, Debit Operations, P.O. Accounts will pay the conversion bonus 180 days post-conversion. Rate information -Your interest rate and annual percentage yield may change. 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. 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. 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. 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. You will only need to take a picture of the front and bank of the check being deposited. 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. We will honor the authorization until we actually receive written notice of a change from the governing body of the entity. 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. Make more moments possible-get the account that's ready for what's next. Health Savings Accounts (HSA) -We permit some electronic fund transfers to and/or from your HSA. 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. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. You may know that most banks have ATM withdrawal limits. Deposit limits exist, too, although they are 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 banknotes) you can deposit through an ATM. Interest will be credited to your account every month. 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. Insert your cash in the envelope and seal it. Minimum balance to obtain the annual percentage yield disclosed -You must maintain a minimum balance of $100,000.00 in the account each day to obtain the disclosed annual percentage yield. If you fail to report any unauthorized signatures, alterations or forgeries in your account within 60 days of when we first send or make the statement available, 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. Contact Simmons Bank Customer Support by sending a message in your online or mobile banking or by This method applies a daily periodic rate to the principal in the account each day. You are leaving the Simmons Bank web site. We may close your account or take other action related to your account that we determine to be reasonable under the circumstances even if the action is not listed here. The excess over $5,525 will be available on the fifth business day after the day of your deposit. For the purpose of charging these fees, our determination of whether your available balance is sufficient to pay an item is made when the item is processed and posted to your account. (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. From there, select the Payments and limit section in the lower-left corner to open it DeluxeXL 6 yr. ago You can mail your check if they don't take remote deposits due to the amount. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item). By opening and maintaining your account with us, you consent to our asserting our security interest in your account, to the extent any applicable laws require your consent. 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. 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. Transaction limitations -Transactions presented against your account that involve a check (including written checks, check by phone or third-party authorizations that come through as a check) will not be honored regardless of the available balance. There are no Monthly Service Charge, Balance Requirements or Maintenance The fee imposed will equal 360 days interest on the amount withdrawn. For example, the additional limits on liability (sometimes referred to as Visas zero-liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network. Deposits and other categories of credits are generally posted before debits. If your account has an original maturity of less than one year: The fee imposed will equal 180 days interest on the amount withdrawn. When you flip the check over, be sure to keep all indorsement information within 11/2 of that edge. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). as explained in the separate Privacy Disclosure. Rate information - Your interest rate and annual percentage yield may change. Some business size checks (the long ones) do not work with Mobile Deposit. Limitations on the number of telephonic transfers from a savings account, if any, are described elsewhere. , although they are less common that 's ready for what 's next email! Make more moments possible-get the account that 's ready for what 's next days on! 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