Overdraft Protection

Protect Your Privilege - Don't Be Declined

Overdraft Protection

Farmers State Bank’s Standard Overdraft Practice protects you by paying overdrafts on the checking account, whether the overdraft occurs in a paper check transaction, electronic (ACH) withdrawal, ATM withdrawal, or Debit Card transaction.

Standard Overdraft Practice Fees:  You will be charged up to $37 each time Farmers State Bank pays an overdraft for any transaction covered through its Standard Overdraft Practice protection plan.  There is no limit to the total fees we can charge you for overdrawing your account.

We are not obligated to pay any item presented for payment if your account does not contain sufficient funds.  We may refuse to pay an overdraft for you at any time, even though we may have previously  paid overdrafts for you.  The amount of any overdraft fees that you owe us shall be due and payable upon demand. 

Don't Be Declined

New federal regulations for Standard Overdraft Practice became effective on August 15, 2010.  This means that Farmers State Bank will no longer be able to pay overdrafts for ATM and Debit Card transactions unless you choose this service. 

The regulations will allow you to continue using our Standard Overdraft Practice protection plan for other checking account transactions, such as paper checks and electronic (ACH) withdrawals. 

However, since ATM and Debit Card transactions are not covered, your purchase could be declined by a merchant (grocery store, department store, anywhere you use your Debit Card), or you could be declined for cash withdrawals at an ATM.

Protect Your Privilege 

Here is how you can tell us that you want Farmers State Bank to pay overdrafts on your ATM withdrawals and Debit Card transactions using Standard Overdraft Practice as of August 15, 2010:

  • Complete the Opt-In form at any Farmers State Bank banking center;
  • Call Farmers State Bank Customer Support at 260.463.7111 or 888.492.7111.

We also offer Overdraft Protection Plans, such as a link to a savings account, which are separate from Overdraft Protection Privilege.  To learn more, ask us about these plans.