Overdraft Protection

Protect Your Privilege - Don't Be Declined

Overdraft Protection

Farmers State Bank’s Standard Overdraft Practice protects you by paying overdrafts on your 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. If your account becomes overdrawn you must immediately, and without notice or demand from us, deposit enough money into your account to pay both the overdraft items themselves and any fees we charge.

Don't Be Declined

Overdrafts for ATM and Debit Card Transactions: Farmers State Bank will not authorize and pay overdrafts for ATM and Debit Card transactions unless you have affirmatively consented (opted-in) to us doing so. 

This could result in your Debit Card transactions and ATM withdraws being declined if you do not have a sufficient funds in your checking account to pay for such transactions or cash withdrawals.

Your decision regarding opting-in to this service will not affect your ability to continue using our Standard Overdraft Practice protection plan for other checking account transactions, such as paper checks and electronic (ACH) withdrawals. 

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 the Bank's Standard Overdraft Practice:

  • Complete the Opt-In form at any Farmers State Bank branch;
  • 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 and may be more prudent for you. To learn more, ask us about these plans.