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  F&M Bank Senior Checking

F&M Bank Senior Checking

in Checking Accounts from F&M Bank · fdic

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F&M Bank Senior Checking

Unaffiliated

in Checking Accounts from F&M Bank · Member FDIC

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Highlights
Monthly Fee $0 - $5
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee Starting at $250
APY (Annual Percentage Yield) N/A

F&M Bank Senior Checking Review

F&M Bank Senior Checking is offered by F&M Bank, a bank founded in 1907 and based in Long Beach, CA. F&M Bank Senior Checking is available in 1 state across the USA.

Key Takeaways
  • Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $250 or have a monthly direct deposit of $250.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • 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
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not earn interest.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a fee on out-of-network ATM transactions.
Farmers and Merchants Bank checking account 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 Farmers and Merchants Bank checking account offer?

Farmers and Merchants Bank checking account is not an interest bearing account.

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 Senior Checking Minimums
Description
Minimum Direct Deposit to Avoid Monthly Fee $250
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $250

What fees does Farmers and Merchants Bank checking account charge?

This account charges a monthly service fee of up to $5.

F&M Bank Senior Checking Fees
Description
ATM Fee: In-Network $0
Bank Teller Fee $0
Early Account Closure $20
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $5
NSF Fee $30
Online Bill Pay Fee $0
Overdraft Item Fee $30
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $30
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $1.50

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:

  • 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 F&M Bank Senior Checking

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. Senior Checking (55+ Years Old) Benefits: Unlimited Check Writing, Free Bill Pay, Free Checks Provided By Our Vendor (1 Box F&M Logo Checks Per Calendar Year).

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee $250
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $250
ATM Fee: In-Network $0
Bank Teller Fee $0
Online Bill Pay Fee $0
Early Account Closure $20
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $5
NSF Fee $30
Overdraft Item Fee $30
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $30
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $1.50
Account Features
  • Member FDIC
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Mobile Check Deposit

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