Personal Checking

Platinum Rewards – Earn CD-Like Interest Rates On
Your FREE Checking Account!

 

You can get a checking account anywhere. But at Farmers & Merchants Bank, you've got a choice of accounts that can help you meet a variety of cash management needs. And you can reward yourself with the best checking interest rate you’ll find anywhere!

Opening deposit of $10 required for all our checking accounts.

Your monthly statements can be delivered electronically with an e-mail notification and secure online access.


Platinum Rewards Checking - FREE! - Unbelievable Interest Rates!

Earn the Platinum Rewards Rate of 1.26% APY* on balances up to $50,000 .
On balances over $50,000 the blended APY can range between 1.26% - .52%* depending on your balance.

PLUS get unlimited refunds of ATM fees, anywhere in the country!**

PLUS get our ID Theft Recovery coverage and Credential Vault absolutely FREE (click here to learn all about it…)

What Do You Have To Do? You’ll earn this great rate during every qualification cycle that you satisfy these three easy requirements:

  • Enroll and receive electronic statements through NetTeller online banking
  • Have at least 10 Check Card Transactions post and clear
  • Have at least one One Direct Deposit or ACH auto debit post and clear

If you miss making these requirements during a statement qualification cycle, you won’t receive ATM fee refunds, but you’ll still earn a base interest rate of 0.10%. And your account is still FREE of any service charges. During the next statement cycle, satisfy the requirements, and your interest earnings go back up to the Platinum Rewards Rate! The ID Theft protection program is yours every month, regardless of meeting the reward requirements.

No monthly service charges and no minimum balance required for this account. Just use the convenience of electronic banking, and you earn the rewards!

Qualification Cycle Dates for 2014 - transactions need to be posted by the end of each cycle so you qualify for the REWARDS! Click here for the chart of cycle dates.

This account also includes our IDSafeChoice identity theft recovery services  and Credential Vault – completely free – and the option to purchase further monitoring service and alerts at great prices. Click here to learn more….

Open an account now!

*Annual Percentage Yield. Rate effective November 23, 2012. We may change the interest rate and APY at any time after account is opened. Check our Rate Sheet for current rates.

**If you have met your qualifications for the specified qualification cycle, we will reimburse you for all your domestic ATM fees. ATM fee reimbursements will be credited to your account on the (last day) of your statement cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one or our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the statement cycle when the reimbursement was applicable. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account.

 


MyTunes Checking

Do you love music? Do you hate paying ATM fees? We have the account for you!

MyTunes is a FREE checking account which pays you big rewards:

  • 5 iTunes downloads per month*
  • 10 iTunes downloads when you sign up
  • ATM Fee Refunds nationwide**

How do you earn these great benefits? Just do these simple things:

  • Have at last 10 Check Card transactions post and clear each qualification cycle

  • Enroll and receive electronic statements

  • Access NetTeller online banking

Here's the details: 

*Earn iTunes® download refunds up to $9.90 with initial account opening regardless of qualifications. Earn up to $4.95 in iTunes® download refunds each cycle the minimum qualifications are met. If you do not meet the qualifications per cycle, your account will still function as a free checking account; however, it will not receive ATM refunds or iTunes® refunds for that time period. No minimum balance required; however, you must deposit a minimum of $10 to open this account. Available to personal accounts only. **ATM fee refunds up to $5 per item, $25 per cycle. REALTunes™ and REWARDChecking™ are trademarks of BancVue, Ltd.  iTunes is a trademark of Apple, Inc.  The program is not endorsed by iTunes® or Apple® nor is there is any actual or implied joint venture, partnership or relationship of any kind between the Bank and Apple’s® iTunes®. For customers under 18 years of age, a parent is generally required as a joint account owner.

 

 

 


 

If the electronic requirements of Platinum Rewards don’t fit your needs, we have other great values in store with our other checking account options:

BETTER THAN FREE! Another great checking account value comes with our other PLATINUM accounts, which give you numerous additional benefits, still free if you maintain a low monthly balance requirement. Check out the benefits of PLATINUM CHECKING and PLATINUM 50 CHECKING.

All Platinum accounts include our FREE ID Theft Recovery program, along with the online Credential Vault to store all your critical personal information records. Click here to learn all about it…

If you need basic checking, our FREE REGULAR CHECKING may be best. If you prefer to earn interest on your deposits, INTEREST CHECKING or PLATINUM CHECKING would be your choice.

All checking accounts are insured by F.D.I.C

Platinum Checking

An interest bearing account with extra benefits that make this account our "Best Value"! Save hundreds of dollars a year! Use the member log-in button to the right or on our website’s home page to access all the extra’s.

  • Tiered interest paid when you balance is over $5,000
  • Personalized Checks – all the personally imprinted basic checks that you need are provided at no charge (or get a $9.99 credit on other styles)
  • Low $5 monthly service charged is waived if your combined deposit balances in checking, savings, and CD’s totals $25,000 or more  
  • Free VISA check card
  • Free NetTeller Online Banking with Free Online Bill Pay
  • Photocopy Service – up to 3 free photocopies per month
  • Notary Service – no charge
  • Cashier’s Checks – no charge
  • Safe Deposit Box Discount – $15.00 credit toward any box rent. This pays 50% of the cost of a personal sized 3” x 5” box
  • Online Credential Vault and Lost Document Rescue - where you can store information about all your cards and other critical personal credentials. Once your account is opened, click here to access the Credential Vault.
  • IDSafeChoice identity theft recovery services – completely free – and the option to purchase further monitoring service and alerts at great prices. Click here to learn more….

 

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Platinum 50

For customers age 50 or better. Use the member log-in button on our website’s home page to access all the extra's.

  • No monthly service charge!
  • No minimum balance requirement
  • Non-interest bearing
  • Personalized Checks – all the personally imprinted basic checks that you need are provided at no charge (or get a $9.99 credit on other styles)
  • Free VISA check card
  • Free NetTeller Online Banking with Free Online Bill Pay
  • Photocopy Service – up to 3 free photocopies per month.
  • Notary Service – no charge
  • Cashier’s Checks – no charge
  • Safe Deposit Box Discount – $15.00 credit toward any box rent. This pays 50% of the cost of a personal sized 3” x 5” box.
  • Online Credential Vault and Lost Document Rescue - where you can store information about all your cards and other critical personal credentials. Once your account is opened, to access the Credential Vault.
  • IDSafeChoice identity theft recovery services – completely free – and the option to purchase further monitoring service and alerts at great prices. Click here to learn more….

 

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Free Regular Checking

Stop paying for your checking account! With our Free Checking account, you get the features you need, no strings attached:

  • NO minimum balance
  • NO monthly service charge
  • NO transaction charges
  • Unlimited FREE check writing privileges
  • Your first order of personally imprinted checks provided FREE
  • FREE NetTeller Internet Banking
  • FREE Instant InfoLine Telephone Banking
  • VISA Check Card
    • Access your account anytime, anywhere using your VISA Check Card, or by visiting one of our branch locations
    • Unlimited FREE Farmers & Merchants Bank ATM transactions1
    • Worldwide access to ATM’s

 

All customers are eligible to enroll in our economical ID Theft Protection service. Click here to learn more…

1 No fee charged by Farmers & Merchants Bank for ATM transactions at other banks’ ATM’s. Other ATM owners may charge a fee

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Interest Checking

  • All the benefits found with our Regular Checking
  • Interest on all your collected funds is accrued daily and compounded monthly (see our Rate Sheet for the current rates) every day that your balance is $1,000 or more
  • Low $1,000 monthly average balance requirement to waive the service fee of $10.00/mo  

All customers are eligible to enroll in our economical ID Theft Protection service. Click here to learn more…

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FDIC Insurance - Expanded Coverage Up to $50 Million

FDIC Insurance coverage is an important benefit of banking with Farmers & Merchants Bank.  You can rest assured that your deposits are safe and secure. Click here to visit the FDIC website and learn more about how your deposits are insured.

Some customers need more coverage than the $250,000 per bank provided by FDIC. Farmers & Merchants Bank provides full FDIC insurance coverage up to $50 million through participation in the CDARS network for bank CD’s (Certificate of Deposit Registry Service). You don’t need to open accounts at multiple banks for expanded coverage; open all your accounts here and simplify your finances. Click here to learn all about CDARS.

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205 S. Main St.     P.O. Box 1111     Timberville, VA 22853     (540) 896-8941