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Different people have different financial needs, however, so no one checking account is right for everyone. That’s why F&M Bank offers a variety of checking options. Line of Credit (LOC) is available on any of our non-interest bearing personal checking accounts. The LOC provides both overdraft protection and a credit line (subject to normal credit approval).
F&M Bank’s Regular Checking Account is just right for managing your money and maintaining a record of personal expenses. You can open your Regular Checking Account with a small deposit, and there is no service charge as long as you maintain the minimum balance requirement of $500.
F&M Bank customers over 50 are offered a Regular Checking Account with no monthly service charge.
This account provides basic checking services with no monthly service charge to full time students 22 years of age and under if their parents have an account at Farmers & Merchants Bank.
With this account, you receive a package of special services for one low, monthly fee of $8.00. The Basic Club Account is available to all of our personal customers and there’s no minimum balance requirement. Club members receive additional benefits including:
The Club Plus Account provides the same services as Basic Club with the following additional services for a monthly fee of $10.00 with no minimum balance requirement:
This account lets you earn interest on your checking funds while keeping the convenience and availability of a regular checking account. You will earn competitive interest that’s compounded monthly, plus principal and interest are available for withdrawal (after being credited) at any time with no penalty. There is no service charge when the minimum balance requirement of $1,500.00 is met. NOW Checking Accounts are available to any individual, as well as certain qualified businesses and organizations. Call or email us to see if your business or organization qualifies.
F&M Bank’s Money Market Account provides you highly competitive interest earnings while allowing you to retain immediate access to your funds through checking privileges. Withdrawals by pre-authorized transfer through the mail, by telephone or other means are limited to six per month three of which may be by check. There is no service charge when the minimum balance requirement of $2,500.00 is met. Money Market Checking Accounts are available to any individual, as well as certain qualified businesses and organizations. Call to see if your business or organization qualifies.
Our Prime Investment Checking Account combines a full-featured checking account while providing you highly competitive interest earnings. The interest rate is a tiered rate based on the balance of the account. The interest rate on tier 1 is a percentage of the Farmers and Merchants Bank prime lending rate to be determined at bank's descretion. The interest in tier 2 is the same as the Now Account interest rate. There is no service charge when the minimum balance requirement of $10,000.00 is met.
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