Overdraft Programs

If you have an overdraft protection service set up between your existing Farmers Bank deposit accounts, this service will continue 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 have an overdraft protection service set up from your Farmers Bank Line of Credit, this service will continue as it has in the past.  

The Courtesy Select and Courtesy Select PLUS programs will 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.

We authorize & pay overdrafts for the following types of transactions: 

  • Checks and other transactions made using your checking account number 
  • Automatic bill payments

For those consumers who did not participate in Courtesy Select or Courtesy Select PLUS, we authorize and pay overdrafts for the following types of transactions only by your request: 

  • ATM transactions 
  • Everyday debit card transactions 

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

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