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Select The Account That Fits Your Financial Style! What are your money managing habits? Do you write lots of checks? Swipe your check card? Pay bills and reconcile your account online? Whatever your style ... whatever services and features you desire ... F&M Bank has the checking account for you.

Checking Products Comparison Chart
  Smart
E-Checking		 Express
Checking		 F&M
Checking		 Interest
Checking		 Choice Interest Checking
This Account Is For You If...
  You want to earn a great interest rate and prefer to do your banking electronically  You never want to pay a monthly fee ... and prefer to do your banking electronically  You desire liberal checking benefits including a monthly paper statement  You want to earn a higher interest rate for your higher balances  You keep higher balances in your account and expect to receive the best perks and highest interest rates
Monthly Fee  $0

 $0 with
E-Statement

$2 with paper statement

 $0 with Direct Deposit or $500 minimum daily balance  $0 with $1,000 minimum daily balance  $0 with $5,000 minimum daily balance 
Minimum Opening Balance $100 $50  $100  $100   $100
Overdraft Protection Amount $700   $400  $700  $700  $1,000
Online Banking and Bill Pay Check  Check   Check  Check  Check
ExpressPhone Banking  Check  Check Check  Check   Check
VISA Check Card Check   Check  Check  Check Check 
Statements E-Statement   Your Choice: Monthly Paper or E-Statement  Your Choice: Monthly Paper or E-Statement Your Choice: Monthly Paper or E-Statement  Your Choice: Monthly Paper or E-Statement 
ATM Anywhere at No Charge  Check     X Mark   X Mark  Check
Unlimited Check Writing  Check  Check  Check  Check  Check
Free Personalized Checks  X Mark  X Mark  X Mark  X Mark  Check
         

$1,000 Daily ATM Withdrawal Limit

$5,000 Daily Check Card Spending Limit

Smart E-Checking - Earn 2.00% APY*

Earn better-than-CD interest rates on balances up to $20,000.

Do This:

  • Select E-Statements
  • Set Up One Automatic Payment or Direct Deposit that Posts to Your Account Once per Qualification Cycle
  • Access Online Banking Once per Qualification Cycle
  • 10 Check Card Transactions per Qualification Cycle

Get This:

  • 2.00% APY up to $20,000
  • Free ATMs nationwide*
  • No Monthly Fee or Minimum Balance
  • Unlimited Check Writing

Plus This:

* APY = Annual Percentage Yield. Interest rates are variable and subject to change. To qualify for the Smart E-Checking interest rate, and to be reimbursed for non-F&M ATM transactions, you must meet the following requirements each month: (1) Make 10 check card transactions per qualification cycle. (2) Receive your monthly statement electronically. (3) Set up at least one monthly direct deposit or automatic debit (4) Access online banking at least once per qualification cycle. Qualification cycle means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. 0.50% APY will be paid on balances over $20,000. Account balances over $20,000 will earn a blended interest rate if all qualifications are met. If you do not meet the above requirements during your monthly qualification cycle, you will earn .05% APY on your entire balance. At our discretion, we may change the qualification requirements and/or the balance tier on your account at any time. A 30-day notice will be provided for either of these two changes. APYs accurate as of 7/20/11. All requirements waived during your first qualification cycle. No more than two accounts per person.

Express Checking

Express Checking is perfect if you do most of your banking electronically and prefer to get your monthly statement via e-mail. No monthly service fee. No minimum balance requirement. No per-check charges.

F&M Checking

Sign up for Direct Deposit of your payroll, Social Security or pension check ... or maintain a $500 minimum daily balance ... and you'll pay no monthly fee for this great account. Otherwise, pay a low $8 service charge per statement cycle.

Interest Checking

This account is a Smart Choice if you desire to be rewarded with higher interest rates for higher balances. Pay no fee by keeping a $1,000 minimum daily balance - otherwise, pay a low $10 service charge per statement cycle.

Choice Interest Checking

This account is your Smartest Choice if you are interested in earning near CD interest rates on your checking account balance. Pay no fee by keeping a $5,000 minimum daily balance - otherwise, pay a modest $15 service charge per statement cycle.

**Overdraft Privilege
F&M Bank offers overdraft options when mistakes happen.   Overdraft Privilege to all checking customers who keep their account in good standing; it provides a level of protection against account reconciliation errors and unanticipated cash flow emergencies. Overdraft Privilege is a non-contractual courtesy offered by F&M Bank. The purpose of this privilege is to save you from the embarrasment, additional merchant fees, and other problems that might result if a check is returned. F&M Bank encourages you to manage your funds wisely. Offering Overdraft Privilege should not be viewed as an encouragement to overdraft your account. Using Overdraft Privilege will result in the following fees:

  • $35 per item paid or returned
  • $7 per day account balance is negative
    ($182.00 maximum charge per day) 

Overdrafts can be created by paper check, online bill payment, personal withdrawal, use of ATM, Check Card, ACH or other electronic means. Payments may not be presented in the order authorized, which may affect fees incurred. Teller cashed checks (low-to-high amount) are paid first; Point-of-sale and ATM transactions are paid next; ACH (Electronic) items are paid next; then other checks and other withdrawal requests (low-to-high amount).

F&M Bank is not required to pay items if your account has insufficient collected funds, even if we formerly paid overdrafts. If you have Overdraft Privilege, we will consider paying such items as a courtesy, not an obligation. Overdrawn accounts must return to a positive balance within 30 days or Overdraft Privilege will be suspended. If you need additional information on Overdraft Privilege, talk to an F&M Bank customer service representative.

FDIC Coverage

FDIC deposit insurance has been permanently increased from $100,000 to $250,000 per depositor.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, or money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.