Farmers & Merchants Bank was founded by C.J. Walker in 1907 on conservative values. Today, we’re one of California’s strongest banks - with over $6 billion in assets, F&M Bank has 24 offices serving Southern California and offers a wide variety of individual and business banking and lending products. We provide our clients with our trusted brand of handshake service, so let us customize a solution that meets your goals.

C.J. Walker, Founder 1907“Safeguarding our clients’ money is a sacred trust.”

-C.J. Walker, Founder, 1907

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 Age Requirement 13-17 year old with an adult joint accountholder  18-24 year old student3  55 year old+
Monthly Service Charge None $8 maintenance fee $15 maintenance fee
Ways to Waive Monthly Service Charge
per statement cycle
N/A $250 in direct deposit(s) or 15 Debit Card Point-of-Sale transactions4 250 in direct deposit(s) or 10 Debit Card Point-of-Sale transactions4
Minimum Opening Balance $25.00 $25.00 $100.00
Free Debit MasterCard®      1
Free Debit Card Alerts2      
ATM Service Charge Fee Reversal5      
Foreign ATM Surcharge Fee Reversal5      
Free Online Banking      
Free Bill Pay  N/A    
Free Mobile Banking with Text Banking2      
Free Mobile Check Deposit2      
Free Direct Deposit      
Free Telebanker & Call Center      
Free Safe Deposit Box for 1 year
upon request based on availability
    1 box,up to $60
Free eStatements & eNotices      
Free Paper Statements upon request      
Unlimited Check Writing      
Free Checks provided by our vendor    1st box F&M logo checks or variety pack of 50 checks  1 box F&M logo checks per calendar year
Free Unlimited Cashier’s Checks,
Money Orders & Travelers Cheques
(Please see Branch Management for details)
Interest on Checking      
Additional Checking Accounts
upon request monthly service charges
waived for 1 year
Free Savings Accounts for 1 year
upon request
Free Incoming Domestic Wire Transfers  
Free Outgoing Domestic Wire Transfers      
  Teen Get Started Today Apply at an F&M Office College Get Started Today Apply at an F&M Office Senior Get Started Today Apply at an F&M Office

2 savings accounts
2 savings accounts
2 savings accounts

Some account features and benefits may be subject to separate application, agreement, and/or approval. Terms and Conditions may apply. Account features and benefits are subject to change with or without notice. For account details and deposit interest rates, please visit, ask our office staff, or refer to the account agreement and disclosures provided at time of opening. Please refer to Services and Fees on for additional details.

  1. Other financial institutions and ATM operators may charge an additional surcharge fee for use of their ATM, which is disclosed and debited at the time of your transaction.
  2. F&M Bank does not charge for this service, however, your wireless carrier may charge you fees related to this service.
  3. F&M Bank reserves the right to verify enrollment at account opening.
  4. Excludes transactions conducted at an ATM.
  5. Applicable for non-F&M ATM use in the United States and its territories only. Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.