Additional Personal Services
Automatic Overdraft Privilege
It is important for you to use your checking account responsibly and to never intentionally overdraw your account. However, we realize that financial shortfalls happen from time to time and we have several options available for you. As a benefit to our customers, we offer these useful services to cover you in the event that you overdraw your checking account.
Overdraft Protection Options:
Transfer from another account - If you have other accounts with us, you can authorize us to transfer the funds needed to cover your overdraft. Contact any Farmers Bank and Trust location for additional information. A per item fee of $3.00 will apply.
Overdraft Privilege - Overdraft Privilege is a service we add to your checking account to cover overdrafts to a set limit, subject to the eligibility criteria as explained below. With Overdraft Privilege we will generally pay your overdraft items up to $100 for Student Checking and up to $700 for all other consumer checking account types. However, whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. When we pay overdraft items for you, you will be charged our normal overdraft fee, currently $32 for each item that is presented. Both the amount of the overdraft transactions and all applicable fees including but not limited to the overdraft fees, are included in this limit. We will charge our overdraft or NSF fee for each overdraft transaction presented whether we pay it into overdraft or return it. All deposits to overdrawn accounts are applied to the negative balance.
Eligibility
No application is required for the Overdraft Privilege; eligibility is at the sole discretion of the Bank and is based on you managing your checking account in a responsible manner. Your Overdraft Privilege may be suspended or permanently removed based on the following criteria:
- You do not bring your account to a positive balance for at least one full business day within a 30 day period.
- You have an account that has been opened less than 30 days.
- Your account type is not eligible.
- You are more than 30 days past due on any Bank loan or delinquent on any other obligation to the Bank.
- You are subject to any legal or administrative orders, levy, or are currently a party in a bankruptcy proceeding.
- You have an outstanding balance on an Overdraft Repayment Plan.
- Your account is being reviewed for fraudulent activity or transactions.
- The primary account owner is less than 18 years old with no person of legal age on the account.
- A ChexSystems or any other negative indicator has been reported to us.
- Your account is classified as inactive.
- You have a prior loss with the Bank.
- We do not have a valid address for you.
- We believe you are not managing your account in a responsible manner which may harm you or us.
Transactions Covered by Overdraft Privilege
Overdraft Privilege will be available for all checks written, in-person withdrawals, ATM withdrawals, Debit Card/POS transactions, ACH preauthorized transactions, internet banking, and telephone banking. NOTE: Please verify your balance before initiating an ATM cash withdrawal. All overdrafts will be subject to our $32 overdraft fee for each withdrawal until the account returns to a positive balance. You must bring your account back to a positive balance for at least one full business day in a 30 day period.
Payment Order of Items
The order in which items are presented may affect the total fees assessed to your account. The first items that we pay are items that were submitted electronically, such as preauthorized automatic transfers, telephone and internet initiated transfers, debit card, ATM, and ACH transactions. We then pay any checks cashed by our employees. Finally, we pay the remaining items based on check number sequence. NOTE: Please be aware that holds placed on your account for pending electronic transactions, such as hotel or rental car deposits, reduce your available balance and may cause your account to become overdrawn.
Account Agreement
Your account agreement describes the duties, obligations, and rights of depositors, authorized signatories and the Bank with regard to your deposit accounts. That account agreement is incorporated herein for all purposes as if it were set forth verbatim as to matters not directly addressed by this disclosure. Your account agreement and this disclosure shall be construed so as to minimize conflicts between them.
Waiver
The Bank’s forbearance from, or delay in, exercising any of the Bank’s rights, remedies, privileges, or right to insist on your strict performance of any provisions of your account agreement, this Overdraft Privilege disclosure, or any other provision related to your account, shall not be construed to be a current or future waiver of the Bank’s rights, remedies or privileges.
Remedy
You and the Bank agree that the exclusive remedy and forum for all disputes arising out of the Overdraft Privilege or your or Bank’s performance there under, except for matters you or Bank take to small claims court, is arbitration by an independent arbitrator pursuant to the applicable rules of the American Arbitration Association, except as prohibited by law.
Opt Out
If you do not want Overdraft Privilege on your account, simply contact the Account Services Department or Support Services Department at 870-235-7000 for an opt out form, or visit any of our branch offices. It is important for you to consider that there is no additional cost for Overdraft Privilege and that by signing and returning the opt out form to us you are instructing us to return unpaid any items presented against insufficient funds, including electronic items. We will deny overdraft access through any electronic channels such as ATM or debit card transactions. Even though you have opted out, you will still be charged our $32 fee for each item returned. Customers who receive a Social Security, federal direct deposit, or any other entitlement benefit must opt out if they do not want the Bank to apply those funds to pay an overdraft.
Effective Date
All information listed in this disclosure is effective as of July 6, 2009.
Safe Deposit Boxes
We offer a variety of Safe Deposit Box sizes to fit everyone’s needs at most of our locations.
E-Statements
Receive your account statements by e-mail instead of by postal mail. Just a click of a mouse will allow you to review your statement directly through your email account. No more waiting for the mail. No more storing bulky envelopes. It's Secure, Convenient and Free!!
Mobile Access24
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Bank from your Mobile Phone at no additional charge! Mobile Access24 allows you to safely,securely, and conveniently manage your FB&T accounts from your mobile phone. View your accounts - Make Transfers - Pay your bills - and More! Sign up today! (Please consult your wireless mobile plan or provider about any possible additional fees that they assess you for data services.) |
Access24 Telephone Banking
24 Hour telephone banking allows you access to your accounts from a touchtone phone anywhere in the world.
NetTeller Online Bill Pay
Pay all your monthly bills in less than a minute. You can pay your monthly bills from your computer at home, at work, or on the road. You schedule when each payment is sent. Plus, view or print a report of your payment history that can be sorted by date or payee. All of this at no charge. Sign up today!
Other Services & Fees
| Service | Details |
|---|---|
| Night Deposit Bags | |
| Locked bags | $25.00 per bag |
| Zipper bags | $3.00 per bag |
| Replacement Key for Night Depository | $7.00 per key |
| Night Deposit Services | Free |
| Wire Transfers | |
| Incoming | $20.00 |
| Outgoing | $20.00 |
| Foreign | $40.00 |
| Collections | |
| Incoming | $20.00 per item |
| Outgoing | $20.00 per item (+ Drawee Bank Fee) |
| Check Cashing | |
| Customers (FB&T Accountholders) | No Charge |
| Non Customers | $10.00 per check |
| Cashier's Checks | |
| Customers (FB&T Accountholders) | $5.00 per check |
| Non Customers | $20.00 per check |
| Money Orders | |
| Customers (FB&T Accountholders) | $5.00 per MO |
| Non Customers | $10.00 per MO |
| Traveler's Cheques | |
| Customers (FB&T Accountholders) | Set by American Express |
| Special Handling | |
| Non-Sufficient Funds Items | $32.00 per item |
| Overdraft Items | $32.00 per item |
| Stop Payment Orders | $32.00 per order |
| Returned Deposited Items - Business | $5.00 per item |
| Returned Deposited Items - Special Handling | $8.00 per item |
| 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 | $25.00 per hour (+) $2.00 per copy |
| Account Activity Printout | $3.00 |
| Statement Reprint | $3.00 per stmt |
| Statement Reprint w/ Check Images | $8.00 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 |
| Deposit Correction | $2.00 |
| Returned mail (each piece) | $5.00 |
| Account Closure Fee | $30.00 (within 60 days of opening) |
| Debit Card with Photo | $15.00 |
| Debit Card with Photo Replacement | $20.00 |
| Garnishments | $75.00 |
| Levies | $75.00 |
| Photocopies | $3.00 per copy |
| Faxes | $2.00 per fax |
| Notary Service-Customers (FB&T Accountholders) | No Charge |
| Notary Service-Non - Customers | $5.00 |
| Direct Deposits | Free |
