You may be eligible for a $250 account opening bonus match if you open a new Retail Account. Just fulfill the following requirement within the first 90 days of account opening; Establish one Direct Deposit or automatic payment (ACH) which posts and settles to the account The account opening bonus match will be deposited into your new Retail Account within 30 days after having met the requirement. The account opening bonus will be treated as interest for IRS (Form 1099-INT) reporting purposes. No minimum balance is required to obtain this bonus. A minimum deposit may be required to open a new retail account. The Dream Builder Account is not included in this promotion. Offer is not available to existing F&M checking account customers or those with an F&M checking account closed within the last six months. Offer limited to one account per household and one account opening bonus match per account per calendar year. If you close your new account within 180 days of account opening, the account opening bonus match will be forfeited and it will be deducted from the account balance at closing. An account opening bonus match will not be paid if an accountholder switches to another account from the original account that offered an account opening bonus. F&M employees and their immediate family members residing in the same household are not eligible for the account opening bonus match. Account specific requirements may apply based on the account opened but would not affect the eligibility of receiving the bonus. Limited time offer.
Smart Checking:Minimum to open the account is $50. If the qualifier is met each monthly statement cycle, earn refunds up to $10.00 in nationwide ATM Fees assessed by our bank and other banks during the Monthly Statement Cycle. ATM fee refunds will be credited to the account the next business day after the qualifiers have been met for each month. The Smart Checking qualifier is enrollment in eStatements via Online Banking and must be met to earn ATM Fee refunds. When the Smart Checking qualifier is not met, ATM fees are not refunded. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. This checking account is for the occasional check writer and is intended to be used as the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities are posted and settled. The account’s debit card is expected to be used frequently throughout each month and for transactions and amounts to reflect a wide dollar range. The bank reserves the right to determine if this account is being maintained for a purpose other than primary, day-to-day use. Requires a valid e-mail address. This account is not to be used for commercial purposes. There is a limit of one (1) Smart Checking account per household. At our discretion, rewards may change at any time after account is opened. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
Loyalty Rewards Checkingearns the following:
Tier 1–If your daily balance is$25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 1 qualifier, the interest rate paid on the entire balance will be0.02%with an annual percentage yield of0.02%.
Tier 2–If your daily balance is$25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 2 qualifiers, the interest rate paid on the entire balance will be0.17%with an annual percentage yield of0.17%.
Tier 3If your daily balance is$25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 3 qualifiers, the interest rate paid on the entire balance will be0.32%with an annual percentage yield of0.32%.
Basic Tier–An interest rate of0.01%with an annual percentage yield of0.01%will be paid only for that portion of your daily balance that is greater than $25,000.00.
Depending on the balance in the account and the number of qualifiers met, assuming a maximum account balance of $100,000.00, the annual percentage yield will range as follows:Tier 1 - 0.01% to 0.01%, Tier 2 - 0.01%- 0.05%, Tier 3 - 0.01% - 0.09%.
Annual Percentage Yields accurate as of February 21, 2024. Rates may change after the account is opened. To earn interest, you must be enrolled in eStatements and meet a minimum of one qualifier during the monthly statement cycle. Minimum to open a Loyalty Rewards Checking account is $50. There is no minimum balance requirement to earn interest or receive ATM fee refunds. If enrolled in eStatements and a minimum of one (1) qualifier is met each monthly statement cycle, nationwide ATM fees incurred during the monthly statement cycle will be reimbursed up to $10 and will be credited to your account on the last business day each month. A service charge of $5.00 will be charged each monthly statement cycle unless the account is enrolled in eStatements and a minimum of one qualifier has been met. Qualifying transactions must post and settle to the account during the monthly statement cycle. Transactions may take one or more business days from the transaction date to post and settle to an account. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. Fees may reduce earnings. Personal accounts only. Limit one Loyalty Rewards Checking account per household.
Bucks Back Checking:Minimum to open the account is $50. No minimum balance is required to qualify for bucks back and ATM fee refunds. If qualifiers are met each monthly statement cycle: (1) Earn $5.00 during the Monthly Statement Cycle and (2) Receive refunds up to $10.00 for nationwide ATM Fees assessed by our bank and other banks during the Monthly Statement Cycle. Cash back payments will be credited to the account at the end of the Monthly Statement Cycle. ATM fee refunds will be credited to the account the next business day after the qualifiers have been met for each month. When Bucks Back Checking qualifiers are not met during a Monthly Statement Cycle, no cash back payments are made on debit card point of sale purchases and ATM fees are not refunded. A Service Fee of $5.00 will be charged each monthly statement cycle when qualifiers have not been met. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. This account is intended to be used as the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities are posted and settled. The account’s debit card is expected to be used frequently throughout each month and for transactions and amounts to reflect a wide dollar range. The bank reserves the right to determine if this account is being maintained for a purpose other than primary, day-to-day use. Requires a valid e-mail address. This account is not to be used for commercial purposes. There is a limit of one (1) Bucks Back account per household. At our discretion, rewards may change at any time after account is opened. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
Secure Checking:Minimum to open this account is $50. A monthly Service Fee of $4.95 will be assessed. Includes the added benefit of IDProtect® Identity Theft Monitoring and Resolution Services. Contact a F&M Bank Personal Relationship Banker for additional details on IDProtect® Identity Theft Monitoring and Resolution Services features.
Dream Builder Checking:Minimum to open this account is $25.The initial account opening bonus is subject to tax reporting requirements. You will receive a $25 bonus within 30 days after the opening deposit has been made.
Annual Percentage Yield (APY) subject to change. This is a variable rate that is subject to change after the account has been opened. Interest rate and APY are accurate as of 11/10/2023.
Tier 1– If your daily balance is$500 or less, the interest rate paid on the entire balance in your account will be5.00%with an APY of 5.12%.
Tier 2– If your daily balance isgreater than $500, the interest rate paid on the balance greater than$500in your account will be 0.01% with an Annual Percentage Yield of 0.01%
Assuming a maximum account balance of $1,000 the Annual Percentage Yield (APY) will range from 2.56%-5.12%, depending on the account balance.
Birthday reward will be deposited the first business day of the month following when the birthday occurred. One birthday reward per account per calendar year.
