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  F&M Bank Platinum Checking

F&M Bank Platinum Checking

in Checking Accounts from F&M Bank · Member fdic

Unaffiliated

F&M Bank Platinum Checking

Unaffiliated

in Checking Accounts from F&M Bank · Member FDIC

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Highlights
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
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
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).

F&M Bank Platinum Checking Rates and Terms
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.

F&M Bank Platinum Checking Account Minimums
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.

F&M Bank Platinum Checking Fees
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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by F&M Bank

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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
ATM Fee: In-Network $0
Bank Teller Fee $0
Check Cashing Fee $0
Online Bill Pay Fee $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
Check Copy $3
Early Account Closure $20
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $50
NSF Fee $30
Overdraft Item Fee $30
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $30
Wire Transfer Fee - Domestic (Outgoing) $60
Wire Transfer Fee - International (Outgoing) $60
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.03% - 0.05%

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SUPERMONEY NET RECOMMENDATION SCORE

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