Important Information Regarding 2021 IRS Tax Forms: A new format is on the way for 2021 IRS tax forms issued by F&M Bank. Beginning in January, F&M will use the standard IRS format for clients receiving an IRS tax form for the 2021 calendar year. Questions? Please contact the F&M Client Care Center at (866) 437-0011.
| Business Market Rate Savings Get Started TodayApply at an F&M Office | Business Market Rate Money Market Get Started TodayApply at an F&M Office | |
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| Minimum Opening Balance | $200 | $200 |
| Account Fees | $15 Minimum Balance Fee Per Quarter Applies if the Average Daily Balance for the Quarter Falls Below $1,000 $3 Per Check/Withdrawal Fee Per Transaction on Withdrawals Exceeding 6 Per Quarter (Withdrawal, Check, Automatic Transfer or Payment) Applies if the Balance in the Account Falls Below $1,000 Any Day of the Quarter A $3 Paper Statement Fee is Assessed for Each Paper Statement Mailed Unless You Enroll in eStatements. $20 Early Closure Fee applies if the Account is Closed Within 12 Months of the Opening Date. |
$15 Minimum Balance Fee Per Month Applies if the Balance in the Account Falls Below $4,000 Any Day of the Statement Cycle A $3 Paper Statement Fee is Assessed for Each Paper Statement Mailed Unless You Enroll in eStatements. $20 Early Closure Fee applies if the Account is Closed Within 90 Days of the Opening Date. |
| Limited Withdrawal Privileges1 |  |
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| Check Images Included With Monthly Statement |
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| Free Mastercard® Business Debit Card2 | |
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| Free Mastercard® Business Debit Card2 When Linked to an F&M Checking Account | |
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| Free Debit Card Alerts3 | |
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| Free Business Online Banking | |
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| Free Mobile Banking3 | |
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| Free eStatements & eNotices | |
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| Interest | Competitive Variable Rate; Interest Accrues Daily and is Paid to the Account Quarterly Interest Rate Structure is Tiered Based on Daily Balance Maintained |
Competitive Variable Rate; Interest Accrues Daily and is Paid to the Account Monthly Interest Rate Structure is Tiered Based on Daily Balance Maintained |
| If the Account is Closed Before Interest is Paid, the Accrued Interest will not be Credited |
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| Combined Monthly Statements | |
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| Combined Monthly Statements or a Quarterly Savings-Only Statement |
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| Market Rate Money Market Get Started TodayApply at an F&M Office | Market Rate Savings Get Started TodayApply at an F&M Office |
Some account features and benefits may be subject to separate application, agreement, fees, and/or approval. Terms, Conditions and Limitations may apply. Account features and benefits are subject to change with or without notice. For additional details, please refer to Services & Fees located at fmb.com/fees, or the agreement and disclosures provided at the time of account opening, or ask our office staff.
- 1Up to six transfers or withdrawals are allowed per month to another account of the depositor or to a third party by means of a pre-authorized, automatic or telephonic transfer, or by check, draft, debit card, ATM card or similar order payable to third parties. Exceeding these limitations may result in the closure of your account or the transfer of funds to another qualified account type.
- 2Other 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 transactions.
- 3F&M Bank does not charge for this service, however, your wireless carrier may charge you fees related to this service.