Additional Personal Services
Automatic Overdraft Privilege
It is the policy of Farmers Bank & Trust to comply with applicable laws and regulations and to conduct business in accordance with applicable safety and soundness standards.
An insufficient balance may result from:
- The payment of checks, electronic funds transfers, ATM withdrawals, or other withdrawal requests
- Payments authorized by you
- The return, unpaid, of items deposited by you
- The imposition of bank charges due to Return Items and/or Overdrafts
- The deposit of items which according to Farmers Bank & Trust’s Funds Availability Policy, are treated as not yet “available” or finally paid
- Point-of-sale (POS) and/or debit card transactions
More than one (1) overdraft fee may be charged against an account per day, depending on the number of checks presented and other POS and/or withdrawals made from your account.
Farmers Bank & Trust is not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. However, if you maintain your account in good standing, defined as: a) making regular deposits; b) bringing the account to a positive balance every thirty days or less; and c) no outstanding legal orders, Farmers Bank & Trust will approve your reasonable overdrafts as a non-contractual courtesy. Generally, Farmers Bank & Trust will not approve an overdraft for you in excess of: $100 for A+ Student Checking accounts open more than thirty (30) days, $300 for “free checking accounts (Ultimate, Red Apple, Hometown Hero) open more than thirty (30) days or $500 for other personal checking accounts open more than thirty (30) days. These limits include our Return Item and/or Overdraft Item Fee(s).
Farmers Bank & Trust may refuse to pay an overdraft for you at any time, even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned; however, Farmers Bank & Trust has no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our Return Item and/or Overdraft Item Fee(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by Farmers Bank & Trust on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft shall be jointly and severally liable for such overdrafts plus our Return Item and/or Overdraft Item Fee(s).
Limitations
Farmers Bank & Trust overdraft protection is available only to consumer accounts (excluding Money Market accounts), and Farmers Bank & Trust may limit the number of accounts eligible for overdraft Protection to one account per household. Additionally, Farmers Bank & Trust reserves the right to not approve any overdraft against your account until we can verify that your account is being maintained in good standing, as defined above. You are permitted to “opt out” of the overdraft program at anytime.
Account Fees
Whether Farmers Bank & Trust pays or returns a Non-Sufficient Funds item, a flat per item handling fee will be charged to your account as a Return Item fee or Overdraft Item fee. The amount of this per item fee is disclosed separately in our “Schedule of Fees and Miscellaneous Charges”. Multiple Return Item or Overdraft Item charges can be charged to your account as multiple items are presented for payment each day.
Transactions may not be processed in the order they occurred and that the order in which they are received and processed can affect the total amount of Return Item or Overdraft Item Fees incurred.
When processing items drawn on your account, our policy is to pay electronic transactions first and then checks in check number order as we receive them.
Safe Deposit Boxes
We offer a variety of Safe Deposit Box sizes to fit everyone’s needs at most of our locations.
Other Services & Fees
| Service | Details |
|---|---|
| Night Deposit Bags | |
| Locked bags | $20.00 per bag |
| Zipper bags | 3.00 per bag |
| Replacement Key for Night Depository | 7.00 per key |
| Night Deposit Services | Free |
| Wire Transfers | |
| Incoming | $15.00 |
| Outgoing | $15.00 |
| Foreign | $40.00 |
| Collections | |
| Incoming | 5.00 per item |
| Outgoing | 5.00 per item (+ Drawee Bank Fee) |
| Check Cashing | |
| Customers (FB&T Accountholders) | No Charge |
| Non Customers | 5.00 per check |
| Cashier's Checks | |
| Customers (FB&T Accountholders) | 3.00 per check |
| Non Customers | 10.00 per check |
| Money Orders | |
| Customers (FB&T Accountholders) | 3.00 per MO |
| Non Customers | 10.00 per MO |
| Traveler's Cheques | |
| Customers (FB&T Accountholders) | 1.00 per $100 one party |
| 1.50 per $100 two party | |
| Special Handling | |
| Non-Sufficient Funds Items | 25.00 per item |
| Overdraft Items | 25.00 per item |
| Stop Payment Orders | 25.00 per order |
| Returned Deposited Items - Business | No Charge |
| Returned Deposited Items - Individual | No Charge |
| Dormant Account Fee | |
| Non-Interest Bearing | 5.00 per month |
| Interest Bearing | 5.00 per month |
| Other Miscellaneous Services | |
| Telephone Transfers | 2.00 per transfer |
| ACCESS24 Telephone Banking Transfers | No Charge |
| Balance Inquiry | No Charge |
| Research | 20.00 per hour (+) 2.00 per copy |
| Statement Reprint | 3.00 per stmt |
| Statement Reprint w/ Check Images | 5.00 per stmt |
| Check Image Print-First 2 Images | No Charge |
| Check Image Print-Each Image after 2 | 1.00 per check |
| CD-ROM of Check Images | 5.00 per CD |
| Garnishments | 50.00 |
| Levies | 35.00 |
| Photocopies | 2.00 per copy |
| Faxes | 2.00 per fax |
| Notary Service-Customers (FB&T Accountholders) | No Charge |
| Notary Service-Non - Customers | 5.00 |
| Direct Deposits | Free |
