Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $900
- Availability: AR, MO & KS
- Direct deposit required: See below
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems:Â Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â December 31, 2024
Contents
The Offer
Direct links to offers below
- Simmons Bank has various offers available for different markets.
- Kansas City, up to $900 [MO & KS]
- Use promo code KC5 to open a new Classic Checking, Simply Checking or Coin Checking account.
- Enroll in Online Banking
- Have at least one direct deposit per month
- Arkansas,up to $900 [AR]
- Use promo code SBC to open a new Classic Checking, Simply Checking or Coin Checking account.
- Enroll in Online Banking
- Have at least one direct deposit per month
- Tennessee, up to $900 [TN]
- Use promo code SBO to open a new Classic Checking, Simply Checking or Coin Checking account.
- Enroll in Online Banking
- Have at least one direct deposit per month
- Texas, Arkansas and Oklahoma, up to $600
- Kansas City, up to $900 [MO & KS]
The Fine Print
- 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
Might be able to find other links for other markets, previous offers have been for AR, IL, KS, MO, OK, TN, TX. Bonus definitely looks worth doing and is better than the $600 bonus previously offered. There is also a $50 referral bonus that might stack, please do not share your referrals in the comments until we confirm it does stack.
Hat tip to reader Chris D
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
They paid me an extra $300. Ended up with $1200
12/31 – opened new account in TX with $50 deposit
1/7 – transferred $5k from external acct (not as DD but just to satisfy $5000 minimum average balance requirement for promo)
1/17 – statement closes
1/30 – $3000 real DD
2/4 – $100 relationship bonus credited
I was expecting a $200 bonus, but they are saying since my ADB was <$5000 I only qualify for the $100. It seems I’m being penalized for the one week it took me to transfer funds in after account opening. But also their terms state they will credit 3 bonuses for the first 4 statement cycles. I would rather them give me nothing for this first one but then give $200 for each of the next 3, for a total of $600. It seems the best I can do now is $600. Anyone else run into this problem?
Correction, the best I can do now is $500.
Are you within their footprint, how far are you from a branch?
I’m in their footprint. You thinking going in person is best bet? Do I wait for next 2 months to post or go now?
Someone tag me when this comes back — I want to get p2 set up
Will be doing Fidelity CMA and WF transfer this month. Since its known Fidelity works if I don’t get it I guess I will do my first CFPB, any tips for that? Thank you
others can feel free to correct me but I’m pretty sure this isnt recommended. you didnt do real DD, you wont have a leg to stand on when CFPB investigates with the bank.
Applied from TX, denied. Only US citizens can apply
What date did this officially expire? Having trouble with P2’s account. Stupid agents keep saying that you had to “enter” the promo code, which we know is false. Trying to figure out if she applied too late.
12/31/24, it was in the fine print on the offer page, hopefully you took screenshots?
They figured it out. Apparently if someone applied after a certain date the promo didn’t apply correctly so they have to manually do it. We got it sorted.
Push from Ally account triggered bonus
Anyone that opened out of footprint in TX (not the cities listed) get the bonus? Or any other state in general?
I hope to have an answer on this soon. I opened online with “CTN” promo in AR but not close to a listed branch. I confirmed the promo code was attached after opening. I had legit direct deposits but no bonus yet, so I’m waiting to hear back from them on a resolution.
Keep us updated!
My bonuses for month 1 and month 2 posted today after manual review.
What did you use for direct deposit?
Ty
Legit employer direct deposits
TreasuryDirect redemption did not work for me, or the promo code is not attached to my account despite asking and having it confirmed in chat the day I opened. There is no bonus tab online or notice on my statement about meeting/not meeting bonus requirements, as others here have mentioned.
Fidelity ach works
CMA or Bloom Spend?
Sorry .missed this comment, it was an individual fidelity investment acct