Great news! If you had an overdraft protection service set up between your Dogwood deposit accounts, this service is continuing as it has in the past.
If you had an overdraft protection service set up between your Dogwood deposit accounts, this service is continuing as it has in the past.
We are pleased to share that TowneBank does not charge transfer fees to move money between your accounts.
If you had an overdraft protection service set up from your Dogwood Line of Credit, this service will also continue as it has in the past.
The Overdraft Privilege program did not carry over to TowneBank.
The selection you made to have your ATM and everyday debit card transactions paid in the case of an overdraft will continue without interruption at TowneBank.
Understanding which transactions may be covered can help you know what to expect if your account does not have enough available funds.
- Checks and other transactions made using your checking account number
- Automatic bill payments
- ATM transactions
- Everyday debit card transactions
We pay overdrafts at our discretion, which means we do not guarantee authorization and payment of every transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
If you do not have overdraft protection measures in place, here are the available options we are pleased to offer:
Talk with your banker about linking your checking account to another checking account or money market account. In the event of an overdraft, available funds will automatically be transferred, in $100 increments, to the linked account.
Anyone enrolled in online banking can select those accounts to monitor. An email or text* notification will automatically be sent to you when those accounts hit your specified minimum balance.
Apply for a line of credit^ that will transfer overdraft protection funds, in $100 increments, from your line of credit to the designated accounts of your choice. Coverline funds may also be used for purposes other than overdraft services.
Additional Coverage Options
If you do not have overdraft protection measures in place, here are the available options we are pleased to offer:
For account questions, please contact your local banker or TowneBank office. For online banking questions, please contact one of our support teams:
Please contact your local banker or TowneBank office for questions specific to your account.
* Your mobile carrier's web access and text messaging charges may apply. Availability may be affected by your mobile carrier's coverage area.
^ Subject to credit approval; applicable interest rates apply.