Find an updated list of Simmons Bank promotions, bonuses, and offers here.
Update 7/1/24: There’s currently a $600 checking bonus available for MO & TN residents through 8/16/24.
About Simmons Bank Promotions
Simmons Bank is headquartered in Pine Bluff, Arkansas and was established in 1903. Since then they have grown to 240 locations and boast A+ health rating.
I’ll review the offers below.
Simmons Bank $600 Checking Bonus
- What you’ll get: $600 bonus
- Account Type: Checking
- Availability: MO TN (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(Expires 08/16/2024)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $2,500 Cash Bonus), |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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.
- Tier 1 – Earn $200 for each statement cycle, up to $600
- Receive one or more direct deposits,
- Have at least 15 posted debit card purchases, and
- Maintain an average daily balance of $10,000 or more during the statement cycle
- Tier 2 – Earn $100 for each statement cycle
- Receive one or more direct deposits,
- Have at least 10 posted debit card purchases, and
- Maintain an average daily balance of $5,000 or more during the statement cycle
- Tier 3 – Earn $50 for each statement cycle
- Receive one or more direct deposits,
- Have at least 5 posted debit card purchases, and
- Maintain an average daily balance of $1,500 or more during the statement cycle
- Tier 1 – Earn $200 for each statement cycle, up to $600
- 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
- Receive one or more direct deposits,1
- Have at least 15 posted debit card purchases,2 and
- Maintain an average daily balance of $10,000 or more during the statement cycle3
- Tier 2 – Earn $100 for each statement cycle
- Receive one or more direct deposits,1
- Have at least 10 posted debit card purchases,2 and
- Maintain an average daily balance of $5,000 or more during the statement cycle3
- Tier 3 – Earn $50 for each statement cycle
- Receive one or more direct deposits,1
- Have at least 5 posted debit card purchases,2 and
- Maintain an average daily balance of $1,500 or more during the statement cycle3
- 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 cycles4 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.
Simmons Bank $100 Checking Bonus
Earn a $100 bonus with Simmons Bank!
Simmons Bank is offering a $100 bonus when you open a new Checking account.
- What you’ll get: $100 bonus
- Account Type: Checking and Savings Account
- Availability: AR, IL, KS, MO, OK, TN, TX (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(Does Not Expire)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new Save10 Youth Savings Account in one of the Arkansas locations.
- Designed for elementary-aged children through a minor’s 17th birthday
- Participating locations:
- $10 minimum opening balance (you’ll get a $10 Opening Deposit Match)
- The Save10 Youth Savings account will convert to a Simply Savings account when the primary owner turns 18.
- The customer must have an open, positive balance checking account or the customer must open a checking product within 60 days of their 18th birthday and have a positive balance of greater than $100 in their Save10 Youth Savings Account at date of conversion.
- Accounts will pay the conversion bonus 180 days post-conversion
- FDIC Insured
- Limit one account per minor under the age of 18
- Available for personal accounts only
- Subject to approval
- Restrictions apply
- Benefits and features are subject to customer qualification and approval by Simmons Bank
How To Waive Monthly Fees
- Coin Checking: None
- Simply Checking: None
- Simply Youth Savings: None
- Commercial Checking: Earnings credit allowance may offset monthly Account Maintenance Fee
- Affordable Advantage Checking: $25 monthly fee
- Health Savings: $3 monthly fee
- Classic Checking: $6 monthly fee. Maintain a $500 daily balance or a $1,000 average monthly balance to avoid the monthly account fee
- Interesting Checking: $10 monthly fee. Maintain a $1,000 daily balance to avoid the monthly account fee
- Prosper Checking: $10 monthly fee. Reduced to $8 when account receives an ACH credit, such as direct deposit, during the monthly statement cycle
- Simply Savings: $5 monthly fee. Maintain a $100 minimum daily balance to avoid the monthly account fee
- Money Market: $10 monthly fee. Maintain a $2,500 minimum average daily balance to avoid the monthly account fee.
- Simply Business 50 Checking: $5 monthly Account Maintenance Fee may be offset with a $5 credit when you meet one of these qualifications:
- $500 minimum daily balance on any Simply Business 50 Checking account
- Have an Open Business Loan
- Simply Business 250 Checking: $10 monthly Account Maintenance Fee may be offset with a $10 credit when you meet one of these qualifications:
- $2,500 minimum daily balance on any Simply Business 250 Checking account
- Have an Open Business Loan(s) with a combined Current Balance of at least $25,000
- Have a combined Total Relationship Balance on business deposit accounts and/or qualifying Open Business Loans of at least $25,000
- Simply Business 500 Checking: $20 monthly Account Maintenance Fee may be offset with a $20 credit when you meet one of these qualifications:
- $15,000 minimum daily balance on any Simply Business 500 Checking account
- Have an Open Business Loan(s) with a combined Current Balance of at least $25,000
- Have a combined Total Relationship Balance on business deposit accounts and/or qualifying Open Business Loans of at least $50,000
- Non-Profit Business Checking: $5 monthly Account Maintenance Fee may be offset with a $5 credit when you meet one of these qualifications:
- $500 minimum daily balance on any Non-Profit Business Checking account
- Have an Open Business Loan
- Simply Savings Business: $5 monthly fee. Maintain a $100 minimum daily balance to avoid the monthly account fee
- Money Market Savings Business: $10 monthly fee. Maintain a $2,500 minimum average daily balance to avoid the monthly account fee.
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Bottom Line
Simmons Bank is offering great promotions with easy requirements. With services such as online banking, you can sure your money is secure. Be sure to apply for these while you still can today!
Additionally, your feedback is highly appreciated and makes our site even better!
While they have generous bonuses, Simmons Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare Simmons Bank Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, Wells Fargo, and more!
*Finally, remember to check back at this page for updated Simmons Bank promotions, bonuses, and offers.
