However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. Please ensure that your email address is current. This method applies a daily periodic rate to the principal in the account each day. Within each category of checks and other paper items, we generally post in check/item number order. Savings Accounts We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this account. You will notify law enforcement authorities of any criminal act related to the claim of lost, missing, or stolen checks or unauthorized withdrawals. Rate information -The interest rate on your account is ___% with an annual percentage yield of ___%. You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate. 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. 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. Such services include positive pay or commercially reasonable security procedures. 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. A freeze or hold placed on your account may be for any period of time we believe reasonably necessary to allow a legal proceeding to determine the merits of the claim or until we receive evidence satisfactory to us that the dispute has been resolved. Each of you intend that when you die, the funds in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). Additional copies of each of these documents are available from us upon request. Customer- initiated activity includes (A) a communication between the bank and the customer in which (i) the customer requests the account status be changed to active and (ii) the customers identity is authenticated by the bank, (B) deposits to the account, or (C) withdrawals from the account, but does not include the payment of interest or the assessment of fees and charges by the bank. We can decide what identification is reasonable under the circumstances and such identification may be documentary or physical and may include collecting a thumbprintor fingerprint. You will be liable for our costs as well as for our reasonable attorneys fees, to the extent permitted by law, whether incurred as a result of collection or in any other dispute involving your account. Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. You should keep this notice for future reference. We may also require reasonable identification to cash such a check, draft or other instrument. 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. 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. Available balance -The term available balance means the amount of money in your account that you can use, withdraw, or transfer. imomushi8 6 yr. ago This liability is due immediately, and can be deducted directly from your account even if sufficient funds are not available at the time. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us or by any method we do not specifically permit. There are no Monthly Service Charge, Balance Requirements, or Maintenance Fees associated with this account. This agreement evidences a transaction in interstate commerce, and thus the Federal Arbitration Act governs the interpretation and enforcement of this provision. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. 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. 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. Maximum requests you can make per 30 days. 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. Making sure you have all the support you need, for life. You further agree that, if we did not use ordinary care, the time that you have to examine your statements and report to us pursuant to this section will be extended to 60 days. disputes over the scope and enforceability of this arbitration provision or whether a dispute or claim can or must be brought in arbitration. Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from fees, charges, or overdrafts, whether caused by you or another with access to this account. 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 change this agreement at any time, including by adding new terms or by deleting or amending then-existing terms. 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. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. The fee is the lesser of $35 or the annual interest earnings on the account. 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 right of setoffdoes not apply to this account if prohibited by law. You will be paid this rate until first maturity. 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. Regardless of the manner in which the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the essential findings and conclusions on which the award is based. All costs and attorneys fees can be deducted from your account when they are incurred, without notice to you. 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. See your notice of penalty for early withdrawal. Any remaining balances in your Coin Savings account will be paid the Base Rate. There is no Monthly Service Charge on this account. Joint Account - With Survivorship (And Not As Tenants In Common) -is an account in the name of two or more persons. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. 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 interest rate for your account is ___% with an annual percentage yield of ___%. When we transition from one business day to the next business day, we post transactions to your account during our nightly processing for each business day. We will use what is called a substitute (or electronic) deposit slip to post the deposit to your account. You agree that, as to these or any items as to which we have no opportunity to examine the signatures, you waive any requirement of multiple signatures. The automated processing of the large volume of checks we receive prevents us from inspecting or looking for restrictive legends, restrictive indorsements or other special instructions on every check. These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. If you furnish your access device and grant actual authority to make transfers to another person (a family member or coworker, for example) who then exceeds that authority, you are liable for the transfers unless we have been notified that transfers by that person are no longer authorized. Using an automated process helps us keep costs down for you and all account holders. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. You must file any lawsuit or arbitration against us within two years after the cause of action arises, unless applicable law or an applicable provision of this agreement or any other agreement between you and us provides for a shorter time. We will pay all AAA filing, administration, and arbitrator fees for any arbitration we commence against you. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. The list of fees applicable to your account(s) provided elsewhere may specify additional fees that we may charge for certain legal actions. 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. Reflector Series After depositing locally, you can transfer the cash deposit to your Schwab account these transfers between banks take about four to five business days, on average. Only debit card transactions described above that 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 A for that statement cycle. You may safely keep up to $250,000 in an individual account or $500,000 in a joint bank account. There is NO monthly service charge, balance requirements or maintenance fees associated with this account. Within the debit and credit categories, we further generally subcategorize and post transactions by category/subcategory. For purposes of this section, Health Savings Accounts are considered transaction accounts. The electronic fund transfers we permit are offered for the convenience of managing your HSA. 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. Postdated checks -A postdated check is one which bears a date later than the date on which the check is written. You could lose all the money in your account (plus your maximum overdraft line of credit). As an alternative to making a large cash withdrawal, you may want to consider a cashier's check or similar instrument. Simmons Bank suggests that you consult the Privacy Disclosure on the site for further information. 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 will receive an email when your deposit is accepted. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. If we accept a power of attorney, the agent(s) may make account transactions on behalf of the account owners. Tell us your name and account number (if any). 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. During the arbitration, the amount of any settlement offer shall not be disclosed to the arbitrator until after the arbitrator determines the amount, if any, to which you are entitled. Again, this is determined by the bank or credit unionthere is no standard daily ATM Any Electronic Deposit received by Umpqua Bank after its 6:00 p.m. Pacific If you opt out, you may opt back in if you decide you want the Visa Account Updater service in the future. You assume full responsibility of any loss in the event the cash you withdraw is lost, stolen, or destroyed. 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. Please click here to change/reset your username or password. If you have any questions, please call us. 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. 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. 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) Deposits and other categories of credits are generally posted before debits. 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. You cannot directly access the nontransaction subaccount, but you agree that we may automatically, and without a specific request from you, initiate individual transfers of funds between subaccounts from time to time at no cost to you. 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. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. 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. Terms or by deleting or amending then-existing terms we permit are offered for the convenience of managing your.! Setoffdoes not apply to this account, and arbitrator fees for any loss we may incur a! 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