F&M Bank Platinum Checking
in Checking Accounts from F&M Bank · Member FDIC
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| Monthly Fee | $0 - $50 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | $15,000 |
| APY (Annual Percentage Yield) | 0.03% - 0.05% |
F&M Bank Platinum Checking Review
F&M Bank Platinum Checking is offered by F&M Bank, a bank founded in 1907 and based in Long Beach, CA. F&M Bank Platinum Checking is available in 1 state across the USA.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only .05%.
- Charges a monthly fee. This account charges a monthly maintenance fee of up to $50, but the fee is waived if you keep a minimum balance of $15,000.
- $100 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
- No ATM fees. F&M Bank Platinum Checking does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through F&M Bank.
- Hard credit pull. F&M Bank may require a hard pull on your credit report to open a checking account.
F&M Bank Platinum Checking Pros & Cons
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F&M Bank Platinum Checking FAQ
Are checking accounts from F&M Bank federally insured?
Yes, your F&M Bank checking accounts 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 F&M Bank Platinum Checking offer?
F&M Bank Platinum Checking offers an APY starting at .03% and ranging up to .05% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annualized Percentage Yield) | .03% - .05% |
What are the account minimums for F&M Bank Platinum Checking?
F&M Bank Platinum Checking requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
| Minimum Combined Balance to Avoid Monthly Fee | $100,000 |
| Minimum Balance to Avoid Monthly Fee | $15,000 |
What fees does F&M Bank Platinum Checking charge?
This account charges a monthly maintenance fee of up to $50.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Bank Teller Fee | $0 |
| Check Cashing Fee | $0 |
| Check Copy | $3 |
| Early Account Closure | $20 |
| Foreign Transaction Fee (Debit Card) | 3% |
| Monthly Fee | $0 - $50 |
| NSF Fee | $30 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $30 |
| Paper Statement Fee | $3 |
| Returned Deposit Fee (Domestic) | $30 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $60 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $60 |
| ATM Fee: Out-of-Network | $0 |
What features and perks does F&M Bank Platinum Checking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - F&M Bank Platinum Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - F&M Bank Platinum Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
- Headquarters
-
302 Pine Ave
Long Beach, CA 90802 - Visit Site
Other Services by F&M Bank
View all checking accounts offered by F&M Bank
Availability
Available in 1 state
California
Availabile in all of California
Feature Breakdown
| Minimum Combined Balance to Avoid Monthly Fee | $100,000 |
| Minimum Initial Deposit | $100 |
| Minimum Balance to Avoid Monthly Fee | $15,000 |
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