[OK, AR, and TX] Simmons Bank $600 Checking Bonus

Offer at a glance

• Maximum bonus amount: $600
• Availability: AR, IL, KS, MO, OK, TN, TX
• Direct deposit required: Yes
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: March 31, 2025

The Offer

Direct link to offer

• Simmons Bank is offering a $600 bonus when you open a new checking account and complete the following requirements:
  • Use promo code CTN
  • enroll in Online Banking and access the Account via the Simmons Bank Mobile app or on our website at www.simmonsbank.com in the first statement cycles and again within ninety (90) days after the Account Opening Date.
  • maintain the Account as open and in good standing (as determined by Simmons Bank) from the date the Account is assigned an account number (“Account Opening Date”) until the Bonus is awarded
  • Fourth receive one (1) or more qualifying direct deposits in your Account during the statement cycle.¹
  • Fifth, meet all requirements for one of the following Bonus tiers during one (1) (or more) of the first four (4) statement cycles after the Account Opening Date. A maximum of three (3) Bonuses may be earned within the first four (4) statement cycles after the Account Opening Date.
    • Tier 1 – Earn $200 for each statement cycle
      1. Maintain an average daily balance of $5,000 or more during the statement cycle.
    • Tier 2 – Earn $100 for each statement cycle
      1. Maintain an average daily balance of $2,500 or more during the statement cycle.
    • Tier 3 – Earn $50 for each statement cycle
      1. Maintain an average daily balance of $1,000 or more during the statement cycle.

The Fine Print

• Eligible Customers who open a new Simmons Bank Classic Checking, Coin Checking, or Simply Checking account (an “Account”) online or at an eligible branch between October 1, 2024 and March 31, 2025, and complete qualifying activities will receive up to three (3) cash bonuses (each a “Bonus”) (not more than one (1) per statement cycle), of up to a total of $600 credited to the Account.
• “Eligible Customers” (1) are at least eighteen (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 an open Simmons Bank consumer checking account in the twelve (12) months prior to Account opening; and (4) must have received a specified promo code (by mail, email, phone or otherwise) and use the promo code at Account opening.
  The Account must be opened at an eligible branch or online using the specified promo code. View a list of eligible branches or open the Account online at http://www.simmonsbank.com/cash-offer-ctn.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Simply checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find any mention of one in the fee schedule.

Our Verdict

Not nearly as good as the $900 bonus that was previously offered unfortunately.

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