Skip to main content

Your money deserves more.

 

Enjoy up to $600 bonus when you open a qualifying checking account.

See below for details and limitations.

Learn how

girl with bike.jpg

Here's how!

 

Open a qualifying checking account and earn up to three bonuses for each month that you meet the qualifying activities in the chart below.

  • Use promo code J10 to open a new Classic Checking or Simply Checking account.
  • Have at least one direct deposit per month.*
  • Use your debit card for purchases.
  • Maintain an average daily balance each month.*

Cash Incentive.png

 

Direct Deposit

Debit Card Transactions

Average Daily Balance

Bonus Earned

Tier 1

1 15 $10,000+ $200

Tier 2

1 10 $5,000+ $100

Tier 3

1 5 $1,500+ $50

For up to 3 of the first 4 statement cycles, a bonus may be paid based on level of qualifying activity.

Eligible checking accounts

 

Open a Simply Checking or Classic Checking account to take advantage of this offer.

Simply Checking

Keep it simple with an account that is perfect for people on the go.

  • Great for first-time account holders
  • $50 minimum balance to open
  • $0 monthly service charge

 

Classic Checking

Traditional, straightforward banking for those who keep a low-to-average balance.

  • Standard checks included at no cost
  • $100 minimum balance to open
  • $6 monthly service charge; waived if you maintain a $500 daily balance or a $1,000 average monthly balance

Great features that help you save money and time.

Mobile deposit

Save a trip to the bank. Deposit checks from your smartphone or tablet anytime, anywhere with no charge.{16}

Simmons Bank savings
Simmons Bank Round-Up

Round up your purchases to the next whole dollar amount and we'll deposit the difference in a second account of your choice.{21}

Early Payday

Get direct deposits up to two days early with Early Payday.{213}

Contactless debit card

Tap to pay for fast, easy and secure checkout using your contactless Simmons Visa debit card.

  • {260} *As used here “month” does not refer to a calendar month, but instead refers to the monthly statement cycle for the Account. For additional detail, see #4 below.

    Bonus

    Eligible Customers who open a new Simmons Bank Classic Checking or Simply Checking account (an “Account”) at an eligible branch between June 14, 2024 and August 16, 2024, and complete qualifying activities will receive up to three cash bonuses (each a “Bonus”) (not more than one per statement cycle), of up to a total of $600 credited to the Account.

    Eligibility

    • “Eligible Customers” (1) are at least 18 years old; (2) must furnish or have a valid Form W-9 on file with Simmons Bank and may not be subject to backup withholding; (3) may not have an existing Simmons Bank consumer checking account and may not have had a Simmons Bank consumer checking account in the 12 months prior to Account opening; and (4) must use a specified promo code at Account opening.
    • Accounts must be opened in an eligible branch, which can be found at simmonsbank.com/cash-offer.

    Qualifying Activities

    To receive a Bonus, Eligible Customers must:

    • First, open a new Classic Checking or Simply Checking account at an eligible branch between June 14, 2024 and August 16, 2024. Second, maintain the Account as open and in good standing (as determined by Simmons Bank) from the date the Account has been assigned an account number (“Account Opening Date”) until the Bonus is provided. Third, meet all requirements for one of the following bonus tiers for one (or more) of the first four statement cycles after the Account Opening Date. A maximum of three bonuses may be earned within the first four statement cycles after Account Opening Date.

    Tier 1 – Earn $200 for each statement cycle, up to $600

    1. Receive one or more direct deposits,{263}
    2. Have at least 15 posted debit card purchases,{264} and
    3. Maintain an average daily balance of $10,000 or more during the statement cycle{265}

    Tier 2 – Earn $100 for each statement cycle

    1. Receive one or more direct deposits,{263}
    2. Have at least 10 posted debit card purchases,{264} and
    3. Maintain an average daily balance of $5,000 or more during the statement cycle{265}

    Tier 3 – Earn $50 for each statement cycle

    1. Receive one or more direct deposits,{263}
    2. Have at least 5 posted debit card purchases,{264} and
    3. Maintain an average daily balance of $1,500 or more during the statement cycle{265}

    Timing of Bonus:

    Each Bonus will be credited to the Account on the statement date for the statement period in which the Bonus was earned.

    Limitations:

    Accounts will only be eligible for a Bonus during the first four statement cycles{261} after Account opening. A maximum of one Bonus may be earned within any one statement cycle. A maximum of three Bonuses will be available for an Account. Simmons Bank reserves the right to limit an individual to $600 in bonuses per rolling 12-month period across all deposit relationships.

    IMPORTANT TAX INFORMATION: The Bonus(es) will be reported to the IRS as interest income to the owner of the account, in the year received, as required by applicable law. Bonus payments will be reported on IRS Form 1099-INT, along with other interest you earn at Simmons Bank, for the year received. Customer is responsible for any applicable taxes and consulting a tax advisor. Simmons Bank is not a tax advisor.


  • {263} Direct deposits are electronic automated clearinghouse (ACH) deposits of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle) are not considered a direct deposit.

  • {264} ATM and other cash withdrawal transactions are excluded. The required number of transactions must post during the statement cycle using the Simmons Bank-issued debit card(s) connected to the Account. Only debit card transactions described above that have been settled and posted to your account by 7:00 PM CT on the last day of the statement cycle will be counted toward eligibility for this requirement. Please note, debit card transactions generally take 3-10 days to settle and post but may take longer. If a transaction shows as “pending”, it has not settled and posted.

  • {265} The average daily balance for the statement cycle is calculated by adding the daily balance of the account for each day of the statement cycle together and dividing that amount by the number of days in the statement cycle.

  • {261} The four (4) statement cycles will begin with the first statement cycle after the Account Opening Date. The statement cycle for Simply Checking begins on the 20th of one month and runs through the 19th of the following month. The statement cycle for Classic Checking begins on the 10th of one month and runs through the 9th of the following month

  • {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™.

  • {21} Available for personal accounts only.
  • {213} Early Payday applies to direct deposit and other Automated Clearing House (ACH) deposit transactions, and is dependent on when the payer’s payment instructions are received by Simmons Bank. Simmons Bank will generally make funds from these deposits available the same day payment instruction is received or two days before the listed effective date of the payment, whichever is later. Simmons Bank reserves the right to terminate or change this practice without any notice to you and to place any restrictions or limits Simmons Bank deems necessary.