F&M Bank Platinum Checking
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| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) |
0.02% - 0.03% (Verified 12/09/2023) |
| Monthly Maintenance Fee |
$0 - $50 (Verified 12/08/2023) |
| Minimum Balance to Avoid Monthly Fee | Starting at $15,000 |
F&M Bank Platinum Checking Review
F&M Bank Platinum Checking is offered by F&M Bank savings account, a bank founded in 1907 and based in Long Beach, CA. Farmers and Merchants Bank checking account is available in 1 state across the USA.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only .03%.
- Charges a monthly fee. This account charges a monthly service fee of up to $50, but the fee is waived if you keep a minimum balance of $15,000.
- $100 minimum opening deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
- No ATM fees. F&M Bank Platinum Checking does not charge fees on ATM transactions.
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in F&M Bank mobile or online banking.
Farmers and Merchants Bank checking account Pros & Cons
| Pros | Cons |
|---|---|
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Farmers and Merchants Bank checking account FAQ
Are checking accounts from F&M Bank savings account federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Farmers and Merchants Bank checking account offer?
Farmers and Merchants Bank checking account offers an APY starting at .02% and ranging up to .03% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | .02% - .03% |
What are the account minimums for Farmers and Merchants Bank checking account?
Farmers and Merchants Bank checking account requires a minimum initial deposit of $100 to open an account.
| Description | |
|---|---|
| Minimum Opening Deposit | Starting at $100 |
| Minimum Balance to Avoid Monthly Fee | Starting at $15,000 |
| Minimum Combined Balance to Avoid Monthly Fee | $100,000 |
What fees does Farmers and Merchants Bank checking account charge?
This account charges a monthly maintenance fee of up to $50.
| Description | |
|---|---|
| Monthly Maintenance Fee | $0 - $50 |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Bank Teller Fee | $0 |
| Foreign Transaction Fee (Debit Card) | 3% |
| NSF Fee | $30 |
| Overdraft Item Fee | $30 |
| Returned Deposit Fee (Domestic) | $30 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $60 |
| Paper Statement Fee | $0 |
| Online Bill Pay Fee | $0 |
| Check Copy | $3 |
| Check Cashing Fee | $0 |
| Early Account Closure | $20 |
Does Farmers and Merchants Bank checking account charge overdraft fees?
Yes, Farmers and Merchants Bank checking account charges a $30 fee for every overdraft.What features and perks does Farmers and Merchants Bank checking account offer?
This account includes the following features:
- ATM rebates - This account will reimburse you for any domestic ATM fees.
- Fraud monitoring - Farmers and Merchants Bank checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Farmers and Merchants Bank checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for Farmers and Merchants Bank checking account?
The customer support email for Farmers and Merchants Bank checking account is rcs@fmb.com.
Message From Farmers and Merchants Bank checking account
Contact
- Headquarters
-
302 Pine Ave
Long Beach, CA 90802 USA - Visit Site
- Email Support
Other Services by F&M Bank
Other Checking Accounts by F&M Bank
Availability
Feature Breakdown
| Minimum Opening Deposit | Starting at $100 |
| Minimum Balance to Avoid Monthly Fee | Starting at $15,000 |
| Minimum Combined Balance to Avoid Monthly Fee | $100,000 |
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