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  F&M Bank Platinum Checking
F&M Bank Platinum Checking
in Checking Accounts from F&M Bank · Member FDIC
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F&M Bank Platinum Checking

Unaffiliated
in Checking Accounts from F&M Bank · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.02% - 0.03%
(Verified 07/17/2022)
Monthly Fee $0 - $50
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. F&M Bank Platinum Checking are 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 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 through F&M Bank.

Farmers and Merchants Bank checking account 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.
  • Monthly service charge.

Farmers and Merchants Bank checking account FAQ

Are checking accounts from F&M Bank 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).

Farmers and Merchants Bank checking account Rates and Terms
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.

F&M Bank Platinum Checking Minimums
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 service fee of up to $50.

F&M Bank Platinum Checking Fees
Description
Monthly 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.

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Message From Farmers and Merchants Bank checking account

Experience the personalized service offered by one of the strongest banks in California. Whether you are looking for a basic or interest-bearing checking account, let one of our F&M personal bankers customize a solution that meets your needs and goals. Platinum Checking Benefits: Nationwide ATM Fee Reversals, Interest on Checking, Free Safe Deposit Box for 1 Year Upon Request (1 Box Based on Availability).

Availability

  Available in 1 state
California
Availabile in all of California

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
Monthly 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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.02% - 0.03%
(Verified 07/17/2022)

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