Available widely across the midwest, Simmons Bank is offering up to $3,000 in welcome bonus cash when you open a new Private Banking Checking account and maintain minimum balances. This is a tiered offer, the higher balance you can maintain, the more money you can earn.
Private Banking Checking accounts do require certain qualifications to open an account, including being able to meet one of the following:
- Annual household income of $250,000 or more; or
- Investments managed by Simmons Investment Services or Simmons Bank Private Wealth totaling $500,000 or more; or
- Deposits in Simmons Bank consumer accounts totaling $500,000 or more; or
- A medical professional designation (MD, DO, DDS, DMD, OD, DPM, DVM); or Medical resident or fellow.
How To Earn The Bonus
The Simmons Bank Private Banking Checking promotion requires you to deposit and maintain a minimum balance in order to earn the up to $3000 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Must be 18 years old
- May not be the primary owner of an existing Simmons Bank Private Banking Checking account or have been the primary owner of an existing Simmons Bank Private Banking Checking account in the six (6) months prior to Account opening
Open a Private Banking Checking account before the bonus expires on May 31, 2026
How does this personal checking offer from Simmons Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 31 days
- Requires
- Direct Deposit
PNC
Virtual Wallet® with Performance Select
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 55 days
- Requires
- Qualifying Direct Deposit
Bank of America
Advantage Banking Account
- Bonus
- up to $500
- Account Type
- Personal Checking
- Expires In
- 58 days
- Requires
- Direct Deposit
Why Simmons Bank?
Private Banking Checking
Simmons Bank's Private Banking Checking account is aimed at high-net-worth clients and includes complimentary wire transfers, check orders, cashier's checks, and safe deposit box rental.
Account holders receive a dedicated Private Banker for concierge-level day-to-day support. It also provides exclusive access to the Private Banking Money Market Account (described as Simmons Bank's strongest money market product) and Private Banking Personal Loans — neither of which are available to standard checking customers.
Fees
Private Banking Checking does charge a monthly maintenance fee of $25, but there are ways to get this waived:
- Maintain $250,000+ in total Simmons Bank deposit balances
- OR, Maintain an average daily balance of $10,000+ in the Private Banking Checking account
- OR, Make $5,000+ in debit card purchases per statement cycle
- OR, Maintain $500,000+ in Simmons Bank Wealth Management investments
- OR, Be a medical professional in residency or fellowship.
Apply now for a Private Banking Checking account to earn the up to $3000 bonus offer
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