Simmons Bank
Simmons Bank Simmons Checking
This bank doesn't currently have an active bonus. Here's its offer history.
Direct Deposit Data Points 13
13 community reports across 7 transfer sources, showing what triggers a qualifying direct deposit at Simmons Bank.
Account Details
Receive at least $1,000 in direct deposits each statement cycle for up to three cycles to earn $150 per cycle (up to $450 total).
Eligibility
Cannot have had a Simmons Bank checking account or received a Simmons Bank checking bonus in the past 12 months.
Can You Earn This Bonus Again?
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What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
What is ChexSystems?
ChexSystems is a banking history report that can affect bonus approvals. Here's how it works, which banks check it, and how to work around a bad record.
Do Bank Bonuses Show Up on a 1099-INT?
Yes. Bank bonuses are taxable income. Once you earn $10 or more from a single bank in a calendar year, the bank sends a 1099-INT and you report it as ordinary income on your tax return.
Also see: this month's best bank bonuses and the full offer history archive.