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Simply Business 500 Checking

A checking account that provides a competitive interest rate and higher activity limits for larger companies.


  • $100 Minimum Balance to Open
  • Earns Interest

Apply in person

Ideal for larger businesses.

500 processed items allowed per statement cycle without fee ($0.25 per additional item)

$100,000 in cash deposits allowed per statement cycle without fee ($2.50 per additional $1,000)

$20 monthly Account Maintenance Fee may be offset with a $20 credit when meet one of these qualifications:

  • $15,000 minimum daily balance on any Simply Business 500 Checking account{205}
  • Have an Open Business Loan(s) with a combined Current Balance of at least $25,000{206}
  • Have a combined Total Relationship Balance on business deposit accounts and/or qualifying Open Business Loans of at least $50,000{207}

Unlimited Bill Pay

Go paperless with eStatements and avoid a $5 Paper Statement Fee

Debit card included with access to 32,000+ MoneyPass ATMs with no surcharge fee

 

Digital banking with flexible pricing.

No two businesses are alike. That's why we offer several options for online banking services to fit your business' cash management needs.

Online banking for business customers includes the following standard online banking benefits at no cost:

  • Check images and eStatements (enrollment required)
  • Internal transfers
  • Mobile banking and Mobile deposits{16}
  • Business Bill Pay
  • Secure in-app messaging
  • Search transaction history and download reports

If you need additional cash management features, you may choose from 3 bundle options below:

Bundle One:
$10/month (per account)

Includes all standard online banking benefits above, plus:

  • User administration
  • $15 per domestic wire originated online
  • $10 per incoming wire transfer
  • 10 ACH originations included; then $1 per ACH
  • 2 returned ACH items per month at $1 each; then $5 per item
  • Positive Pay for checks available upon request for $10 per month

Bundle Two:
$20/month (per account)

Includes all standard online banking benefits above, plus:

  • User administration
  • $15 per domestic wire originated online
  • 1 incoming wire transfer per month at no additional cost; then $10 per wire
  • 25 ACH originations included; then $1 per ACH
  • 2 returned ACH items per month at $1 each; then $5 per item
  • Positive Pay for checks available upon request for $5 per month

Bundle Three:
$30/month (per account)

Includes all standard online banking benefits above, plus:

  • User administration
  • 2 domestic wires per month at no additional cost when originated online; then $15 per domestic wire originated online
  • 3 incoming wire transfers per month at no additional cost; then $10 per wire
  • 50 ACH originations included; then $1 per ACH
  • 2 returned ACH items per month at $1 each; then $5 per item
  • Positive Pay for checks available upon request at no additional cost

Questions?
We're here to help.

In Person

Stop by a branch to talk with an advisor.

By Phone

1-866-246-2400
Monday–Friday, 7:30 a.m. – 6 p.m. CT
Saturday, 8 a.m. – 12 p.m. CT

Simmons Bank Mobile

Stay on top of your finances by downloading the Simmons Bank mobile app.

  • Industry-leading features like two-factor authentication for improved security

  • Connect accounts from other institutions

  • Set up alerts for all your accounts

  • Deposit checks using your smartphone

Download on the Apple App Store. Get it on Google Play.

  • {97} Benefits and features are subject to customer qualification and approval by Simmons Bank.
  • {165} All accounts subject to approval. Restrictions apply.

  • {205} Minimum Daily Balance must be maintained from the 26th of the month preceding the statement cycle to the 25th of the month of the statement cycle. Only accounts that share the same primary owner, using the same TIN/EIN, will be considered.

  • {206} Business Loan means any loan extended by us for business purposes excluding business and corporate credit cards, mortgage warehouse loans, and equipment finance agreements; consumer loans and any other loan issued for personal, family or household purposes do not qualify. An Open Business Loan is a loan with an outstanding balance—unless the loan is charged off—or a line of credit from which a customer may draw or advance. Only loans where the primary borrower is the primary owner of the deposit account, using the same TIN/EIN, will be considered. Current Balance is determined by the outstanding balance of the loan as of the 25th of the month of the statement cycle that the calculation is occurring. Current Balance excludes unposted interest and pending payments.

  • {207} Total Relationship Balance is determined by using the average collected balance on qualifying business deposit accounts from the 26th of the month preceding the statement cycle to the 25th of the month for the statement cycle that the calculation is occurring and by combining that resulting balance with the Current Balance of all qualifying Business Loans. Qualifying accounts and loans are those where the primary account owner and primary borrower are the same and using the same TIN/EIN.

  • {16} Data connection required. Wireless carrier fees may apply. 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, iPad, or Android.

  • {19} Apple, the Apple logo, Apple Pay, Touch ID, App Store, iPhone, iPad and Apple Watch are trademarks of Apple Inc.

  • {108} Google Pay, the Google Pay logo, Google Play and the Google Play logo are trademarks of Google LLC.