Personal Checking
Select the account that fits your financial style! What are your money managing habits? Do you write lots of checks? Or do you prefer swiping your debit card? Pay bills and reconcile your account online? Whatever your style ... whatever services and features you need ... F&M Bank has the right personal checking account for you.
Deposit Director Flex
Opening an F&M Bank checking or savings account – is quick and easy with Deposit Director Flex. Deposit Director Flex is an optimized account opening process for all your compatible devices that can be done anytime, from anywhere you have an internet connection.
|
- Keep your information safe using our encryption process and servers
- Use the tool tips to get consistent help and explanations
- Select and fund your accounts all from one easy to use location
|
Checking Products Comparison Chart
| Account Offerings |
Smart Free Checking
|
50+ Interest Checking
|
VIP Interest Checking
|
VIP Platinum Interest Checking
|
Performance
Checking
|
|---|
| Online Account Opening |
OPEN TODAY
|
OPEN TODAY
|
OPEN TODAY
|
OPEN TODAY
|
OPEN TODAY
|
| Description |
A FREE account for everyone.
|
Perfect checking accounts for customers 50 and better.
|
A great checking account with interest and F&M Rewards.
|
A great checking account with interest and Platinum F&M Rewards.
|
An account for customers who go the extra mile – because what you earn
is up to you.
|
|
Monthly Maintenance Fee
|
No Monthly Fee
|
No Monthly Fee
|
Monthly Maintenance Fee:
$8 per month
|
Monthly Maintenance Fee:
$12 per month
|
No Monthly Fee
|
|
Minimum Opening Balance
|
$50
|
$50
|
$50
|
$50
|
$250
|
|
Interest Bearing
|
N/A
|
|
|
|
|
|
F&M Rewards
powered by BaZing*
- Merchant Discounts
- Cell Phone Replacement Protection
- Identity Theft Aid
- BaZing Fuel
- Roadside Assistance
|
N/A
|
N/A
|
|
PLUS:
Accidental Death & Common Carrier Insurance
and
Buyers Protection and Extended Warranty
|
N/A
|
|
Free Mobile Banking with Mobile Deposit
(Data service charges may apply)
|
|
|
|
|
|
|
Free Online Banking
|
|
|
|
|
|
|
Free Bill Pay
|
|
|
|
|
|
|
Free VISA® Debit Card with uChoose Rewards® & CardValet®
|
|
|
|
|
|
|
Statements
|
Your Choice: Monthly Paper or
eStatement
|
Your Choice: Monthly Paper or
eStatement
|
Your Choice: Monthly Paper or
eStatement
|
Your Choice:
Monthly Paper or
eStatement
|
eStatement
|
|
Unlimited Check Writing
|
|
|
|
|
|
|
Free Standard Checks
|
N/A
|
|
N/A
|
N/A
|
N/A
|
*Registration is required to access F&M Rewards powered by BaZing benefits.
All F&M Personal Checking Accounts include:
|
Also included when you open your account in branch:
- FREE Thank You Gift
- BUY BACK of your unused checks and debit cards from another financial institution up to $10.
Although F&M Mobile Banking is offered at no charge, data service charges may apply through your wireless carrier. Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See fee schedule for details.
Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening.
Your new F&M Bank checking account will be credited $2 per pad of unused checks and $2 per debit card, up to $10 at the time the checks/debit cards are presented.
|
Checking Products
Smart Free Checking
Smart Free Checking is FREE for everyone!
- Minimum Opening Deposit – $50
- No Minimum Balance
- No Monthly Service Charge
- ... and more!
Open Smart Free Checking Today!
We’re proud to offer free checking account options for all of our clients. Most often, banks or other smaller credit unions will charge a monthly fee for smaller accounts. But, we designed our checking accounts so you don’t have to worry about excessive fees.
|
50+ Interest Checking
50+ Interest Checking is perfect if you're 50 or better and want to earn interest but prefer no monthly maintenance fee and no minimum balance requirement.
Open 50+ Interest Checking Today!
|
VIP Interest Checking
This account is a Smart Choice if you want to earn interest on your entire balance and reap the benefits of a wide array of F&M Rewards for a low monthly service charge.
- Minimum Opening Deposit – $50
- Competitive Interest - View Current Rates
- BaZing Fuel with 15 debit card swipes per month, save 10¢ per gallon on up to 20 gallons4
- National, Regional, and Local merchant discounts1
- Pharmacy and Vision discounts (Health Savings Card)1
- Identity Theft Aid2,3
- Payment Card Fraud Resolution
- $2,500 Personal Identity Protection (for qualified expenses)
- ID Recovery and Restoration
- ID Monitoring and Credit Monitoring
- $400 Cell Phone Protection2,3
- 24-Hour Roadside Assistance (up to $80 for qualified expenses)
- Only $8 monthly service charge
- ... and more!
Open VIP Interest Checking Today!
1. Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.
2. Cell phone protection and personal identity theft benefits are subject to additional terms and conditions.
3. Insurance products are: NOT A DEPOSIT, NOT FDIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THIS FINANCIAL INSTITUTION.
4. You’ll receive a one-time activation reward of $0.10 per gallon when you activate BaZing Fuel. You’ll earn a monthly reward of $0.10 per gallon each month when you have 15 eligible debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing Fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel is limited to 20 gallons of fuel per purchase, per vehicle, or fraud limits placed by Shell and/or limits placed on your payment card by your financial institution, each of which may be lower. To activate, you will need to have online banking with your financial institution. Refer to the BaZing Fuel Terms and Conditions for full disclosures. BaZing Fuel offer may be changed at any time and without notice.
|
VIP Platinum Checking
A great checking account with interest and Platinum F&M Rewards!
- Minimum Opening Deposit – $50
- Competitive Interest - View Current Rates
- BaZing Fuel with 15 debit card swipes per month, save 10¢ per gallon on up to 20 gallons4
- National, Regional, and Local merchant discounts1
- Pharmacy and Vision discounts (Health Savings Card)1
- Identity Theft Aid2,3
- Payment Card Fraud Resolution
- $5,000 Personal Identity Protection (for qualified expenses)
- ID Recovery and Restoration
- ID Monitoring and Credit Monitoring
- $600 Cell Phone Protection2,3
- 24-Hour Roadside Assistance (up to $80 for qualified expenses)
- $25,000 Accidental Death and $100,000 Common Carrier Insurance3
- $2,500 Buyers Protection and 180 Day Extended Warranty2,3
- Only $12 monthly service charge
- ... and more!
Open VIP Platinum Checking Today!
1. Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.
2. Cell phone protection, personal identity theft benefits, and buyer’s protection and extended warranty are subject to additional terms and conditions.
3. Insurance products are: NOT A DEPOSIT, NOT FDIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THIS FINANCIAL INSTITUTION.
4. You’ll receive a one-time activation reward of $0.10 per gallon when you activate BaZing Fuel. You’ll earn a monthly reward of $0.10 per gallon each month when you have 15 eligible debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing Fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel is limited to 20 gallons of fuel per purchase, per vehicle, or fraud limits placed by Shell and/or limits placed on your payment card by your financial institution, each of which may be lower. To activate, you will need to have online banking with your financial institution. Refer to the BaZing Fuel Terms and Conditions for full disclosures. BaZing Fuel offer may be changed at any time and without notice.
|
Performance Checking
This checking account is for customers who go the extra mile because what you earn is up to you.
- Minimum Opening Deposit – $250
- Split Interest* - View Current Rates
- $0 - $25,000.00
- $25,000.01 +
- Must qualify each statement cycle to earn higher interest rate.
- Have at least 10 debit card point-of-sale transactions post and clear
- Have at least one direct deposit or automatic payment (ACH) post and clear
- Log in at least once to your Personal Online Banking account
- Receive monthly eStatements
- No minimum balance
- No monthly fees
- ... and more!
OPEN PERFORMANCE CHECKING TODAY!LEARN MORE ABOUT PERFORMANCE CHECKING
*Rate Information: The interest rate and annual percentage yield (APY) for these tiers may change. A minimum account balance of $1.00 is required to earn interest. If customer does not meet their eligibility requirements, the interest rate of 0.50% with a 0.50% (APY) is applied to all balances. The following Performance Checking interest rates are earned if all eligibility requirements are met. Tier 1. An interest rate of 3.93% will be paid on the entire portion of your daily balance $25,000.00 or less. The APY for this tier is 4.00%. Tier 2. An interest rate of 1.98% will be paid for that portion of your daily balance that is greater than $25,000.00. The APY for this tier will range from 4.00% to 2.50%, depending on the balance in your account. The monthly statement will show a blended rate of interest. The monthly APY is accurate as of 09/20/2023. Your interest rate and annual percentage yield are subject to change. Fees may reduce earnings. All applicants must meet F&M Bank’s account opening requirements. Some restrictions may apply.
|
FDIC Coverage
For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Reorder Checks
Re-ordering your checks online is fast, easy and secure! Shop online for a variety of styles designs and choices. You can order checks online at your convenience...24 hours a day, 7 days a week.
ORDER NOW
|
Personal Savings
Select A Savings Account To Suit Your Needs! A sure way to secure your financial future is by SAVING today! There's nothing more rewarding than watching your MONEY GROW ... simply because you made a SMART CHOICE.
Savings Products
Performance Money Market
This is a smart investment choice if you want to earn aggressively tiered market interest rates, but maintain total access to your money!
- Minimum Opening Deposit – $250
- Tiered Interest* - View Current Rates
- $0 - $24,999.99
- $25,000.00 - $49,999.99
- $50,000.00 - $99,999.99
- $100,000.00 - $249,999.99
- $250,000.00 - $499,999.99
- $500,000.00 - $999,999.99
- $1,000,000.00 and greater
- FREE Online Banking, FREE Mobile Banking with Mobile Deposit & FREE Telephone Banking
- Free Standard Checks
- $12 maintenance fee waived on balances of $2,500 and above. $2 will be assessed for each withdrawal/transfer over 6 per statement cycle. View our Fees
- Monthly Account Statement - Paper or eStatement
- Performance MMA available to residents in F&M Bank’s TN & KY markets.
OPEN PERFORMANCE MONEY MARKET TODAY!
*Interest earned on total balance. Higher balances earn a higher interest rate. Interest rate is variable and earnings are credited monthly to your account based on the listed tiers.
|
ICS Money Market
Put an IntraFi® Cash Service (ICS) Money Market Account to Work for You
- Minimum Opening Deposit & Minimum Balance Requirement - $500,000.00
- View Current Interest Rate
- Monthly Statements via U.S. Mail provided by IntraFi.
- Online Account Access via F&M Online Banking*
- Peace of mind. With ICS, you can access millions of dollars in FDIC insurance—all through F&M Bank.
- Liquidity. Enjoy access to funds.
- Protection against market loss and money market mutual fund restrictions. Funds placed using ICS are not subject to floating net asset values, liquidity fees, or money market mutual fund liquidity gates, so you can rest assured knowing that market volatility will not negatively affect account value. No one has ever lost a penny of an FDIC-insured deposit.
- Time savings and ease. Work directly with us and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.
- Transparency. Stay confidently in control with statements that show balances, transactions, interest, and other important details associated with your money market deposit accounts. Enjoy 24/7 online access to account information.
When others count on you for safety, yield, flexibility, and transparency, you can count on ICS, available through F&M Bank.
*Customers will be able to see account data within F&M Bank’s online banking platform. However, this is view only. To manage the ICS account, customers will login to the ICS Depositor Control Panel. Please reference the document, ICS Depositor Control Panel - Getting Started.
|
Smart Savings
Whether you are putting aside money for a rainy day or a major purchase down the road, this account will help you develop good savings habits while earning interest on your money.
Open Smart Savings Today!
|
Youth Savings
The key to building good savings habits is to start young. F&M Bank offers this NO FEE savings account for persons under 21 years of age.
|
HSA – Health Savings Accounts
Health Savings Accounts (HSAs) offer flexible way to pay for personal health care expenses, co-pays and deductibles. To qualify, you must be covered by a high-deductible health plan (HDHP). HSAs let you save for current and future health care expenses on a tax-free basis. You control the money in your HSA and make decisions on how and when to spend the money.
|
|
CDs & IRAs
CD & IRA Products
Certificates of Deposit (CDs)
If you want a guaranteed return on your investment, check into an F&M Bank Certificate of Deposit. CDs range from 90 days to five years, depending on the term and interest rate you desire. Contact any F&M Bank office for information on current and special CD interest rates.
- Minimum Investment – $1,000
- Interest Rates – Interest rates vary according to investment amount and term. View our current interest rates.
- Access To Interest Earnings – Receive your interest quarterly by check or Direct Deposit into an F&M Bank checking or savings account.
- Automatic Renewal – Renew your CD without a trip to the bank.
- Service Charge – A penalty may be imposed for early withdrawals. View our fees.
Ask us about our CDARS program, that allows us to offer FDIC insurance on CD's up to $50 million.
|
Individual Retirement Account (IRA)
Putting money away in an IRA will get you farther than just putting it in a checking or savings account can. Learn more about this type of retirement account and which one fits your saving needs and let you pay taxes later.
The tax treatment of after-tax retirement accounts varies between types of accounts. These retirement accounts can be made up of cash, mutual funds, and stocks.
Features Common to all F&M Bank IRA Accounts:
- Minimum Opening Deposit – $1000 ($100 with IRA Plus).
- Interest Earnings – Interest earnings are posted to your account quarterly.
- Deposits – Can be made at any time to the IRA Plus.
- Withdrawals – The IRS may impose a penalty for pre-mature withdrawals.
F&M ONLINE RETIREMENT CALCULATORS
|
Traditional IRA
With a Traditional IRA, you can benefit from possible tax-deductible contributions and earnings that grow tax deferred. This is a simple way to save funds and pay fewer income taxes. Employer contributions often offer incentives and will match the funds you add to your account as long as they come from your paycheck.
- Contributions may be tax-deductible, or you may be able to make non-deductible contributions.*
- Earnings that remain invested are tax-deferred.
- Taxes are paid at the time of distribution (usually after retirement).
- You are eligible to contribute if you've earned income and won't be 70½ years of age by December 31.
- Account Statements – Mailed annually
- Insured by the FDIC
- Current CD / IRA Rates
More information about Traditional IRAs
Understanding Required Distributions
|
Roth IRA
A Roth IRA may be appropriate for investors with growing earning potential who expect the same or higher tax rate in retirement. The primary requirement for contribution is having earned income. This comes from a paycheck, tips, bonuses, and running your own business. Assets and rental properties are some types of income that aren't considered earned income.
- Contributions are made after tax, but earnings can remain invested tax-free.*
- Qualified distributions are tax-free after age 59½
- You can withdraw contributions tax-free at any time.
More information about Roth IRAs
|
Rollover IRA
If you're leaving a job, retiring or have money left in a former employer's retirement plan, you may want to consider rolling over your plan account balance to an F&M Bank IRA.
- Eligible distributions from an employer-sponsored retirement plan can be directly transferred into a Rollover IRA.
- Direct rollover avoids 20% withholding requirement on distributions from employer-sponsored plans.
|
SEP IRA – Simplified Employee Pension
Self-employed individuals and small business owners can contribute to a retirement plan with higher contribution limits than other types of IRAs to help them grow tax free and save for retirement.
- All eligible employees are covered.
- Any contributions in a SEP are 100% vested immediately.
- Administration may be simpler than a 401(k) plan.
- Earnings can grow tax-deferred.
- Higher annual contribution limits
|
IRA Plus
This unique TIERED IRA makes it easy to start small and work your way up to significant retirement savings. As an example, with every paycheck, you can choose to make an automatic transfer of a modest amount directly into your IRA Plus account.
- Opening Deposit – $100
- Tiered Interest Rates – Earns higher interest based on higher balances. Interest rates are variable.
- Interest Tiers
- $ 0 - $ 2,999
- $ 3,000 - $ 9,999
- $ 10,000 - $ 24,999
- $ 25,000 - $ 49,999
- $ 50,000 - $ 99,999
- $100,000 and above
- Current Tiered Interest Rates
- Deposits – Can be made at any time.
- Withdrawals – The IRS may impose a penalty for pre-mature withdrawals.*
- Account Statements – Mailed quarterly.
*Consult with a qualified financial adviser for tax advice regarding retirement accounts.
|
Catch Up Contribution
If you are over the age 50, you may be eligible to make additional contributions to your retirement accounts. This is part of the Economic Growth and Tax Relief Reconciliation Act of 2001 to help older individuals set aside enough money for their retirement.
Individuals can make catch-up contributions through their employee 401(k) but if this is not available, they can contribute to traditional and Roth retirement plans they set up for themselves.
|
|
F&M Rewards
F&M Rewards powered by BaZing
All Checking Accounts are Not Created Equal.
That's why we're offering VIP Interest & VIP Platinum Checking accounts with F&M Rewards powered by BaZing, checking accounts that give you more Smart Choices for Your Money! When you're out shopping, you deserve the best deals available. F&M Rewards powered by BaZing deliver instant savings on thousands of businesses all over the United States. Plus, you have valuable protection and insurance on cell phones, mobile devices, identity, and more at NO EXTRA CHARGE.
View the F&M Rewards for each account:
VIP Interest Checking Benefits Reference Guide VIP Platinum Checking Benefits Reference Guide
LOGIN AND ACCESS YOUR BENEFITS NOW!
How do I register for F&M Rewards powered by BaZing?
If you are currently a VIP Interest or VIP Platinum Checking customer but are not taking advantage of your F&M Rewards, please call or stop by your nearest F&M location and an F&M Representative will be more than happy to help you register! Registration is simple and incurs no additional charge for F&M's VIP Interest & VIP Platinum Checking Account Holders.
If you are not a VIP Interest or VIP Platinum Checking customer but would like to take advantage of the full benefits of F&M Rewards powered by BaZing, you will need to open a VIP Interest or VIP Platinum Checking account at any of our F&M locations. Registration is free and easy and can be done at the time of account opening.
If you need help setting up your account, let us know!
We hope you enjoy the benefits and F&M Rewards powered by BaZing!
|
|