Internet Explorer 11 is outdated. For improved security and optimized performance we highly recommend upgrading your browser. ChromeFirefoxEdge

Other Business Services

F&M Bank provides an array of SMART services to help your business thrive.


Merchant Card Services

Accepting credit and debit cards is vital to survival in today's merchant environment. Not only does accepting credit/debit card payments give your customers more flexibility with payment options, it has been concluded that customers who are given the option to use a credit/debit card will spend more on their purchases than cash-only customers - thereby increasing your sales revenue.

Let us provide you with a competitive rates analysis on credit and debit card processing for Visa, Discover, and MasterCard and enrollment services for American Express.

Remote Deposit Capture

Our Remote Deposit Capture Service enables a business customer to scan checks from their office to the bank for deposit to their account. This feature will save you many trips to the bank and help you get your business earning more efficiently.

Ideal Remote Deposit Business Customer

P42GHz Processor:

  • 1GB RAM or 2GB RAM if using Vista or Windows 7
  • XP Pro, Vista Business, Vista Ultimate, Windows 7 Professional, Windows 7 Business, Windows 7 Ultimate, or Windows 7 64-Bit
  • High-speed USB 2.0 port
  • No minimum hard drive size

RDC Fees

  • $100 Annual Scanner Fee
  • $30 RDC Service Fee

Night Depository Services

F&M Bank provides business customers with the opportunity to make deposits 7 days a week, 24 hours a day with our Night Depository Service. This convenient service provides a secure place to put deposits after regular banking hours in Tennessee.

All business clients will appreciate having a safe place to drop off their deposits. You can rest easy knowing your work is done for the day and your earnings are somewhere safe.

  • The safety of a vault protected depository
  • Peace of mind knowing checks and cash will be safely received by the Bank
  • Convenient locations available 24 hours a day
  • Appreciate the security of knowing your check cannot be lost in the mail or stolen from a mailbox
  • Deposits are credited to your account the following business day

Beneficial Ownership

EW Beneficial Ownership Requirements for Legal Entity Customers

Your business relationship is important to us. Our goal is to make the business account-opening process an efficient and enjoyable experience for you. Effective May 11, 2018, all banks will be subject to new rules under the Bank Secrecy Act that will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.

EACH time an account is opened for a covered Legal Entity, we will be required to ask you for identifying information (name, address, date of birth, social security number), as well as identification documentation for:

  • EACH individual that has 25% or more Beneficial Ownership in the Legal Entity; and,
  • ONE individual that has Significant Managerial Control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.

In order to make this process as efficient as possible, we suggest that you obtain the above, bulleted information, along with a copy of the current Driver’s License for EACH identified individual. If your business will frequently be opening new deposit accounts/loans, please keep this information current and available to present EACH time you come in to establish a new account.

What You Need to Know About Beneficial Ownership

  • The new regulation impacts all legal entities opening or maintaining accounts at any financial institution.
  • Legal entities will need to identify and attest to all ultimate beneficial owner(s) that meet specific requirements as well as a controlling person (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President or Treasurer).
  • F&M Bank will collect information regarding the ultimate beneficial owner(s) and control person of legal entities whether or not they have a personal relationship with the financial institution.

If you have any questions, please don’t hesitate to contact us at 800-645-4199.

Like Us
on Facebook
Follow Us
on Twitter
Watch Us
on YouTube
on LinkedIn
Follow Us
on Instagram
Toolbar Button

We are here to help.

Call us 800-645-4199

Email Us

Personalization Settings

Personalization Close


F&M Bank would like to personalize your banking experience. Please enter your first name below.

Please do not remind again

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to any other source.

Back to Top