Old Point Member Transition Guide
Business Checking, Savings, & Money Market Accounts
We have taken the utmost care to select TowneBank products that align closely with the account(s) you hold at Old Point. These changes will take place on Monday, February 9, 2026.
Basic Business Checking
If you currently have an Old Point Basic Business Checking Account(s), it will transition to the TowneBank Value Classic Checking Account on February 9, 2026. Value Classic is the perfect account for small businesses with a predictably moderate level of account activity. Enjoy 150 processed items per month, with $0.50 charged for each item over 150 and $10,000 cash-in processed per statement, with $0.30 charged for each additional $100 cash-in processed. While this account has a $20 maintenance fee if the $3,000 minimum daily balance requirement is not met, we are waiving the maintenance fee for converting Old Point accounts through February 2027.
For a six-month period following conversion, Basic Business accountholders will continue to enjoy:
- 200 processed items per month, with $0.25 charged for each item over 200
- $10,000 cash-in processed per statement, with $0.10 charged for each additional $100 cash-in processed for your first six months
Any applicable charges will be posted on the 15th of the month following the activity. After a six-month grace period, account activity will be assessed and charged on your statement cycle date.
Free Business Checking
Free Business Checking accounts will transition to a Value Classic account at TowneBank, a perfect fit for small businesses with a predictably moderate level of account activity.
Enjoy 150 processed items per month, with $0.50 charged for each item over 150 and $10,000 cash-in processed per statement, with $0.30 charged for each additional $100 cash-in processed. While this account has a $20 maintenance fee if the $3,000 minimum daily balance requirement is not met, we are waiving the maintenance fee for converting Old Point accounts through February 2027.
For a six-month period following conversion, Free Business accountholders will continue to enjoy:
- 150 processed items per month, with $0.30 charged for each item over 150
- $5,000 cash-in processed per statement, with $0.20 charged for each additional $100 cash-in processed for your first six months.
Any applicable charges will be posted on the 15th of the month following the activity. After a six-month grace period, account activity will be assessed and charged on your statement cycle date.
Premier Business Checking
If your company has a Premier Business Checking account at Old Point, it will transition to the Value Classic Plus account at TowneBank. Value Classic Plus is designed for businesses that deposit frequently and process numerous items per month. While this account has a $30 maintenance fee if the $15,000 average daily balance requirement isn't met, we are waiving this fee through February 2027 for those accounts transitioning over from Old Point. Premier Business accountholders will continue to enjoy:
- $15,000 cash-in processed per statement, with $0.10 charged for each additional $100 cash-in processed for your first six months.
- Any additional processed items and cash-in processed will be posted on the 15th of the month following the activity.
- After the six-month grace period, account activity will be assessed and charged on your statement cycle date.
Commercial Checking
If your company has a Commercial Checking account at Old Point, it will transition to the Value Solutions account at TowneBank. Value Solutions is the account of choice for businesses with more complex needs at TowneBank. This analysis account includes a competitive earnings credit rate to help offset analysis fees. Our Treasury Services team will help to ensure that the automated business solutions you had in place at Old Point will continue at TowneBank.
Basic Business Interest Checking
All Basic Business Interest Checking accounts at Old Point will transition to the TowneBank Value Select, an interest-bearing account. While this account has a $20 maintenance fee if the $3,000 minimum daily balance requirement isn't met, we are waiving this fee for Old Point accounts transitioning to TowneBank until February 2027.
For your benefit, you will continue to also enjoy the following for your first six months:
- 200 processed items per month, with $0.25 charged for each item over 200
- $10,000 cash-in processed per statement, with $0.10 charged for each additional $100 cash-in processed
Any applicable charges for additional processed items and cash-in processed will be posted on the 15th of the month following the activity. After the six month grace period, account activity will be assessed and charged on your statement cycle date.
Community Service Checking
If your organization has a Community Service Checking account at Old Point, you will transition to the TowneBank Community Partner Checking account. This unique account provides:
- Unlimited check writing with no minimum balance requirements
- No monthly maintenance fee
- No 'per item' deposit or debit fees
- Interest will be paid on balances $3,000 or more.
- Your organization will also receive cashier's checks at no cost, free notary services, discounts on safe deposit boxes, and the opportunity to provide special banking benefits to your staff.
Savings & Money Market Accounts
| If you have this Old Point Savings or Money Market Account... | This will be your savings or money market account at TowneBank. |
|---|---|
| Business Savings* | Cashflow Saver |
| Commercial Money Market** Promotional Commercial Money Market** | Cashflow Market Master |
*The Cashflow Saver account has a $6 monthly maintenance fee if a $300 balance isn't maintained. TowneBank will waive this maintenance fee for those transitioning from Old Point through February 2027.
**Cashflow Market Master is an interest-bearing account that has a $20 monthly maintenance fee if the minimum balance requirements are not met. TowneBank will waive the maintenance fee for all Old Point accountholders through February 2027. Please note that these interest rate tiers apply to the Cashflow Market Master and may differ from your current interest rate tiers:
New Towne Tiers
- Up to $9,999.99
- $10,000-$24,999.99
- $25,000-$49,999.99
- $50,000-$99,999.99
- $100,000 and over
Please note that certain transaction limits apply to savings and money market accounts. The first six (6) monthly external transactions are included and a $10.00 fee applies for each additional external transaction. External transactions are transfers from a savings or money market account to third parties by check, through point-of sale purchase transactions or similar debit card transactions, by pre-authorized or automatic agreements through an automated clearing house (ACH), wires, telephone, online or similar order payable to a third person, or ATM withdrawals. Exceptions apply for bank-initiated transactions and transactions required for legal reason.
Frequently Asked Questions
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You will continue to use Old Point National Bank offices until February 9, 2026. TowneBank locations will not yet have access to your Old Point information prior to this date.
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If you use the Old Point mobile banking app for either business or personal account access, your existing app will update on February 9, 2026, to the new version powered by TowneBank. We highly recommend that you take note of the username and password you use to log into the app ahead of that date, especially if you typically log in with FaceID or with your Fingerprint.^
*Your mobile carrier's web access and text messaging charges may apply. Availability may be affected by your mobile carrier's coverage area.
^App Store is a service mark of Apple Inc. Certain devices are eligible to enable fingerprint sign-on. If you store multiple fingerprints on your device, including those of additional persons, those persons will also be able to access your TowneBank Mobile Banking app via fingerprint when fingerprint is enabled. App Store is a service mark of Apple Inc. Touch ID and Face ID are registered trademarks of Apple Inc. Only select Apple devices are eligible to enable Face ID. If you have family members who look like you, we recommend you log into mobile banking with your username and password. Google Play and the Google logo are trademarks of Google Inc. -
Great news! The system you use today at Old Point will transition to TowneBank on February 9, 2026. On that day, you will navigate to TowneBank.com, select 'Login', and click on the online banking option labeled "Old Point Online" from the drop-down menu. You will be able to log in to the system using your existing username and password.
*Your mobile carrier's web access and text messaging charges may apply. Availability may be affected by your mobile carrier's coverage area. -
Yes. If you have any automatic debits tied to your Old Point Debit Card (such as gym memberships or toll passes), it's essential that you provide your new TowneBank Debit Card number to these specific merchants so that your payments will continue uninterrupted.
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You can continue to use your Old Point checks, deposit tickets, and money market documents through December 31, 2026. For your convenience, we will provide a $125 credit toward your first order of NEW business checks and complimentary money market documents with the TowneBank routing number and your account number. Ask your banker for details.