Unless required by law or we have agreed otherwise in writing, we are not required to act upon instructions you give us via facsimile transmission or leave by voice mail or on a telephone answering machine. (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. Because stop-payment orders are handled by computers, to be effective, your stop-payment order must precisely identify the number, date, and amount of the item, and the payee. 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. 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. (5) Arbitration Fees:If you complied with the notice requirements above in paragraph (3), after we receive notice at the Notice Address that you have commenced arbitration, we will promptly reimburse you for your payment of the filing fee, unless your claim is for greater than $10,000 in value. In determining whether you are entitled to the minimum $500 recovery, the arbitrator shall not consider amounts offered or awarded for attorneys fees or costs. WebHome; Products. You must also take precaution in safeguarding your blank checks. Using an automated process helps us keep costs down for you and all account holders. Verify incoming direct deposit amounts or the credits and debits that have posted to your account(s). 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. This site is directed at, and intended to be used by, persons in the United States of America only. The list of fees applicable to your account(s) provided elsewhere may specify additional fees that we may charge for certain legal actions. 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. In all cases, these third party transfers will require you to provide the third party with your account number and bank information. Find Nearest ATM Find an ATM on the go with our mobile app The BOK Financial mobile app can show you the closest ATM to your location and give you directions when you're on the go. 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. Yes. 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. Before settlement of any item becomes final, we act only as your agent, regardless of the form of indorsement or lack of indorsement on the item and even though we provide you provisional credit for the item. Reflector Series imomushi8 6 yr. ago Fees Except as stated below, you agree that we may charge fees if we pay an item that creates an overdraft or if we return an item that would have overdrawn your account. Nothing in this document is intended to vary our duty to act in good faith and with ordinary care when required by law. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if this is an interest-bearing account. 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. This fee will not apply until the primary owner reaches age eighteen (18). 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) Dont have a User ID? See the section titled "Your Account" for additional account and rate information. If you are unable to pay this fee, we will pay it directly upon receiving a written request at the Notice Address.) Effect of closing an account -If you close your account before interest is credited, you will not receive the accrued interest. If the account documentation indicates that this is a temporary account agreement, each person who signs to open the account or has authority to make withdrawals (except as indicated to the contrary) may transact business on this account. This account IS NOT available to Business or Commercial customers. (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. Web*ATM transactions at other financial institutions ATMs (Other financial institutions fees may apply) and unlimited use of CO-OP Network ATMs (including 7-11 stores) and POS, We undertake no obligation to monitor transactions to determine that they are on the owners behalf. 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. A transaction charge of $0.25 will be assessed on each additional deposited item. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. This consent is regardless of whether the number we use to contact you is assigned to a landline, a paging service, a cellular wireless service, a specialized mobile radio service, other radio common carrier service or any other service for which you may be charged for the call. 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. We may rely on the information in that confirmation unless you notify us immediately of any errors. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. Rejecting this arbitration provision will not affect your other rights or responsibilities under this Agreement. Accounts may be opened by a person acting in a fiduciary capacity. The Notice must (a) include your name and account number; (b) describe the nature and basis of the claim or dispute; and (c) set forth the specific relief sought. Accrual of interest on noncash deposits -Interest begins to accrue on the business day you deposit noncash items (for example, checks). Written notice we give you is effective when it is deposited in the United States Mail with proper postage and addressed to your mailing address we have on file, or, if you have consented to receive notices from us electronically, when it is first made available to you electronically. 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. Daily balance computation method - We use the daily balance method to calculate the interest on your account. We will not be liable if we do not follow your instructions if we reasonably believe that following your instructions would expose us to potential loss or civil or criminal liability or conflict with customary banking practice. The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. Duty to notify if statement not received -You agree to immediately notify us if you do not receive your statement by the date you normally expect to receive it. (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). We may also require reasonable identification to cash such a check, draft or other instrument. If we are not going to make all of the funds from your deposit available on the first business day after the day of your deposit, we will notify you at the time you make your deposit. 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. Our liability will be reduced by the amount you recover or are entitled to recover from these other sources. We also will pay all other AAA filing, administration, and arbitrator fees for that arbitration. We may allow account owners to designate an agent on their account using a power of attorney. Each renewal term will be the same as the original term, beginning on the maturity date. Make more moments possible-get the account that's ready for what's next. claims arising from bodily injury or death; claims seeking only individualized relief asserted by you or us in small claims court, so long as the action remains in that court and is not removed or appealed to a court of general jurisdiction, in which case either party may elect arbitration; claims to collect or challenge debts owed pursuant to an extension of credit under a separate agreement or note (such as a separate loan agreement, promissory note, or bank card agreement), in which case the dispute over the debt shall be governed by the dispute-resolution procedures set forth in that separate agreement or note; and. Postdated checks -A postdated check is one which bears a date later than the date on which the check is written. In order to qualify for Relationship Premium A on your Coin Savings account for a particular statement cycle, you must have (i) 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) and (ii) made a combined minimum of 15 purchase transactions (atm and other cash withdrawal transactions are excluded) during the calendar month preceding the last day of your statement cycle using the Simmons Bank-issued debit card(s) connected to your linked Coin Checking account(s). See the funds availability policy disclosure for information about when you can withdraw funds you deposit. 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. From there, select the Payments and limit section in the lower-left corner to open it Errors relating to electronic fund transfers or substitute checksThis paragraph applies to consumer accounts only. WebATMs ATMs 32,000 ATMs Nationwide Being a BOK Financial client means you get FREE access to more than 32,000 ATMs across the country! Unless prohibited by law, we also reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initially paid by the payor bank and which is later returned to us due to an allegedly forged, unauthorized or missing indorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of credit (for example, a counterfeit cashier's check). Tell us your name and account number (if any). We may decide to pay an item even if the available balance of your account is already negative. You may avoid the Paper Statement Fee by enrolling to receive eStatements instead of paper statements for this account. You represent that you have the authority to open and conduct business on this account on behalf of the entity. Within the debit and credit categories, we further generally subcategorize and post transactions by category/subcategory. See your notice of penalty for early withdrawals for additional information. Minimum balance to avoid imposition of fees - A service charge fee of $25.00 will be imposed every statement cycle if the balance in the account falls below $10,000.00 any day of the cycle. 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). You will not see any difference between the way your account operates and the way a traditionally organized account operates, but this organization makes us more efficient. The rules in this section cover stopping payment of items such as checks and drafts. 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. 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. However, you can prevent your stop-payment order from expiring by renewing your stop-payment order before the end of the six-month period. 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. We may impose early withdrawal penalties on a withdrawal from a time account even if you dont initiate the withdrawal. For example, your available balance may not reflect (1) outstanding checks and authorized withdrawals that we have not received, (2) debit card transactions that you authorized but that have not been submitted by the merchant, (3) the final amount of a debit card purchase that has been authorized (like a car rental or hotel bill), or (4) amounts from deposits that are not yet available (see the disclosure titled Your Ability to Withdraw Funds for more information). Refer to your HSA Agreement for more information relating to the use of your HSA. A withdrawal will reduce earnings. 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. The excess over $5,525 will be available on the fifth business day after the day of your deposit. Individual Account -is an account in the name of one person. 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. Daily balance computation method -We use the daily balance method to calculate the interest on your account. 30-day limit (i.e., dollar amount per 30 days). 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. How do you withdraw money without a debit card? 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. We may rely on the number even if it identifies a financial institution, person or account other than the one named. 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. If you are a new customer, the following special rules will apply during the first 30 days your account is open. 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. Some business size checks (the long ones) do not work with Mobile Deposit. Unless you timely reject arbitration, this arbitration provision is binding on you and us. Minimum balance to open the account -You must deposit between $300.00 to $5,000.00 to open this account. A minimum of $0.01 must be deposited within 45 days of account opening. Frequency of rate changes - We may change the interest rate on your account at any time. You are leaving the Simmons Bank web site. 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. Access to your money shouldn't be a waiting game, which is why we provide you with free, instant access of up to $500 of the checks you've deposited at a branch, ATM, or on the Huntington Mobile app. You agree that we may verify credit and employment history by any necessary means, including preparation of a credit report by a credit reporting agency. Any certificate of deposit terms and disclosures provided by us to you separately are intended to supplement the terms of this agreement. Compounding and crediting frequency - Interest will be compounded every month. 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. Minimum balance to open the account -You must deposit $25.00 to open this account. With VAU your account files will be updated when information changes because of a product upgrade, card expiration, loss or theft, account closure or other changes. Any disputes as to recovery of the $500 minimum recovery shall be resolved by the arbitrator, and must be raised within 14 days of the arbitrators ruling on the merits. Account withdrawals are limited to Debit card and ATM transactions, ACH debit transactions, Online and Mobile Bill Pay, and Online or Mobile banking transfers. Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. 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. 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. You may not make any deposits into your account before maturity. 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). The available balance may increase or decrease throughout the day based on the account activity. 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