SCHEDULE OF FEES
2
TABLE OF CONTENTS
PERSONAL SCHEDULE OF FEES ................................................................................................. 5
BUSINESS SCHEDULE OF FEES .................................................................................................. 6
ACCOUNT ANALYSIS SCHEDULE OF FEES................................................................................. 8
ACCOUNTS ..................................................................................................................................... 9
Access Checking .......................................................................................................................... 9
Bankruptcy Trustee Account ........................................................................................................ 9
Bronze Checking .......................................................................................................................... 9
Business Checking – Analyzed .................................................................................................. 10
Business Checking Plus ............................................................................................................. 11
Business Checking – Non Analyzed ........................................................................................... 11
Certificates of Deposit ................................................................................................................ 12
7 – 31 Day Market Rate Certificate of Deposit ........................................................................ 12
91 and 182 Day; 12; 13 – 17; 18 – 23; 24 – 35; 36 – 47; 48; and 60 Month Market Rate
Certificate of Deposit .............................................................................................................. 12
Bond Certificate of Deposit ..................................................................................................... 13
Loan Collateral Certificate of Deposit ..................................................................................... 13
Christmas Club Account ............................................................................................................. 13
College Checking ....................................................................................................................... 14
Gold Checking ........................................................................................................................... 14
Health Savings Account (HSA) ................................................................................................... 16
Interest on Checking (Business) ................................................................................................. 16
Individual Retirement Accounts (IRAs) (Traditional or Roth) ....................................................... 17
6, 12, 18, 24, 36, 48 and 60 Month Market Rate IRAs ............................................................ 17
Market Rate Money Market (Business) ...................................................................................... 17
Market Rate Money Market (Personal) ....................................................................................... 18
Market Rate Savings (Business) ................................................................................................ 18
Market Rate Savings (Personal) ................................................................................................. 18
Military Checking ........................................................................................................................ 19
Platinum Checking ..................................................................................................................... 20
Senior Checking ......................................................................................................................... 21
Silver Checking .......................................................................................................................... 22
State Bar Association/IOLTA ...................................................................................................... 23
Teen Checking ........................................................................................................................... 24
Youth Savings ............................................................................................................................ 24
SERVICES ..................................................................................................................................... 25
Debit Cards ................................................................................................................................ 25
Business Debit Card ............................................................................................................... 25
Personal Debit Card ............................................................................................................... 25
Debit Card Alerts .................................................................................................................... 26
MASTERCARD ID THEFT PROTECTION™ .......................................................................... 26
3
F&M Credit Cards ...................................................................................................................... 26
F&M Business Credit Card ..................................................................................................... 26
F&M Personal Credit Card ..................................................................................................... 27
Foreign Currency Exchange/Purchase ....................................................................................... 28
Loans ......................................................................................................................................... 29
Business Credit ...................................................................................................................... 29
Personal Credit ...................................................................................................................... 29
Lockbox ..................................................................................................................................... 30
Electronic Lockbox ................................................................................................................. 30
Medical Electronic Lockbox (Med eSolutions) ........................................................................ 31
Merchant Services ..................................................................................................................... 31
Night Deposit ............................................................................................................................. 31
Notary ........................................................................................................................................ 32
Online Banking ........................................................................................................................... 32
ACH Origination ..................................................................................................................... 33
Bill Pay ................................................................................................................................... 34
Business Online Banking ........................................................................................................ 35
Business Online Banking with Cash Manager ........................................................................ 35
Mobile Banking ....................................................................................................................... 36
Mobile Check Deposit ............................................................................................................ 36
Text Banking .............................................................................................................................. 36
Overdraft Options ....................................................................................................................... 37
Positive Pay ............................................................................................................................... 37
Pre-Paid Gift Cards .................................................................................................................... 37
Remote Deposit Capture (RDC) ................................................................................................. 37
Check Image Letter / Check Image Deposit / x9.37 ................................................................ 38
Safe Deposit Boxes .................................................................................................................... 38
Smart Safes ............................................................................................................................... 39
Telebanker ................................................................................................................................. 39
Trust Services ............................................................................................................................ 39
USA PATRIOT Act and Beneficial Ownership Disclosures ......................................................... 40
USA PATRIOT Act ................................................................................................................. 40
Beneficial Ownership .............................................................................................................. 40
Investment Services – Not FDIC Insured ................................................................................... 41
U.S. Treasuries (Bills, Notes, and Bonds), Agencies, and Mortgage-Backed Securities ......... 41
Repurchase Agreements ........................................................................................................ 41
Mutual Fund Sweep Accounts ................................................................................................ 42
4
BANK FEES
ATM Service Charge (At A Non-F&M Bank ATM) ............................................... $2.50
Bond Coupon Collection ........................................................................................ $10.00
Chargeback Item Fee ............................................................................................ $10.00
Checks/Deposit Slips ......................................................................... Per Catalog Pricing
Counter Check Request Per Sheet ......................................................................... $2.00
Debit Card Foreign Transaction (International) ............................. 3% Of Purchase Price
Debit Card Replacement Fee ................................................................................. .$5.00
Debit Card Rush Delivery Fee .............................................................................. .$15.00
Debit Item (Checks Paid) – Bronze Checking ......................................................... $0.30
Debit Item – Bankruptcy Trustee Account .......................................................... $0.45
Endorsement Stamp .......................................................................... Per Catalog Pricing
Escheatment Notice ................................................................................................. $2.00
Hold Statement Service Per Month ....................................................................... $10.00
Legal Process ..................................................................................................... $150.00
Overdraft Item/s Fee .............................................................................................. $30.00
Bounce Protection Overdraft Fee ......................................................................................
Per Item, $150 Max Per Day............................................................................. $30.00
Paper Statement ..................................................................................................... $5.00
Research Per Hour - Bank Account (1 Hour Minimum, Prorated Thereafter) ....... $50.00
Special Statement (Without Check Images) ...................................................... $10.00
Stop Payment In-Person / Phone Per Request ..................................................... $30.00
Stop Payment Online / Telebanker Per Request................................................... $15.00
Sweep Transaction Charge .................................................................................... .$5.00
Telephone Transfer Fee ......................................................................................... .$5.00
Undeliverable Statement Handling Fee .................................................................. .$5.00
Verification Of Deposit Per Account……………………… .......................... ……….$10.00
CASHIER’S CHECKS
Client ..................................................................................................................... $10.00
Non-Client ............................................................................................................. $20.00
COLLECTION PROCESSING
Incoming Domestic................................................................................................. $50.00
Incoming International ........................................................................................ $75.00
Outgoing Domestic Plus Correspondent Bank Fees ....................................... $25.00
Outgoing International Plus Correspondent Bank Fees ................................. $50.00
COPY
Per Item (e.g. Checks, Deposit Slips) .................................................................. $5.00
Per Statement With Images ................................................................................... $10.00
Per Statement Without Images ................................................................................ $5.00
Web-CD Statement ............................................................................................... $20.00
CREDIT CARDS
Refer to the Elan Cardmember Agreement.
CURRENCY (IN OR OUT)*
Per $1,000.00 Deposited ......................................................................................... $1.40
Per $1,000.00 Provided ........................................................................................... $1.25
* No Currency Charge For Youth Savings Account
EARLY ACCOUNT CLOSURE
Checking/Money Market Accounts (Within 90 Days Of Opening) .................. $20.00
Savings Accounts (Within 180 Days Of Opening)* .......................................... $20.00
* No Early Account Closure Fee For Youth Savings Account
MONEY ORDERS
Client ........................................................................................................................ $5.00
Non-Client .............................................................................................................. $10.00
NOTARY SERVICES (ACKNOWLEDGEMENTS, JURATS, ETC.)
Client, Per Signature ............................................................................................. $10.00
Non-Client, Per Signature ...................................................................................... $15.00
ONLINE BANKING
Bill Pay Overnight Check ....................................................................................... $17.50
Bill Pay Paid Return Item Per Item ....................................................................... $30.00
Bill Pay Re-Issue Draft Per Draft Item .................................................................. $30.00
Bill Pay Stop Payment Draft Per Request ............................................................ $30.00
Same Day Electronic Bill Payment ........................................................................ $12.95
Stop Payment Online Per Request ........................................................................ $15.00
PRE-PAID GIFT CARDS
Mastercard
®
Pre-Paid Gift Card Activation Per Card ............................... Up to $6.95
Inactivity Per Month (After 12 Consecutive Months Of Inactivity) .................. $4.95
Replacement Of Lost Or Stolen Card .................................................................. $8.00
SAFE DEPOSIT BOX
Key Deposit ............................................................................................................ $20.00
Forced Entry ........................................................................................................ At Cost
Late Fee ................................................................................................................. $10.00
Annual Rent ........................................................................... Varies Based On Box Size
• 2x5 ................................................................................................................... $25.00
• 3x5 ................................................................................................................... $50.00
• 4x5 ................................................................................................................... $55.00
• 5x5 ................................................................................................................... $60.00
• 3x10 ................................................................................................................. $70.00
• 4x10 ................................................................................................................. $85.00
• 5x10 ............................................................................................................... $100.00
• 6x10 ............................................................................................................... $110.00
• 8x10 ............................................................................................................... $130.00
• 9x10 ............................................................................................................... $140.00
• 10x10 ............................................................................................................. $150.00
• 10x15 ............................................................................................................. $200.00
• 15x15 ............................................................................................................. $300.00
WIRE TRANSFERS – DOMESTIC
Incoming Domestic Wire – eNotice ....................................................................... $10.00
Incoming Domestic Wire – Mail Notice ................................................................. $15.00
Outgoing Domestic Wire – eNotice ....................................................................... $30.00
Outgoing Domestic Wire – Mail Notice ................................................................. $35.00
Wire Processing Customer Scheduled Wire Per Wire……………………..…… ….$10.00
WIRE TRANSFERS – INTERNATIONAL
Incoming International Wire – eNotice .................................................................. $10.00
Incoming International Wire – Mail Notice ............................................................. $15.00
Outgoing International Wire USD (Correspondent Fees Included) ....................... $60.00
Outgoing International Wire FX (Correspondent Fees Included) .......................... $60.00
ACCESS CHECKING
Paper Statement ...................................................................................................... $2.00
Money Order ............................................................................................................ $1.50
Please Note: Prices subject to change. Certain accounts may have fees for
services not noted in this schedule. Please review your account agreement for
details.
APRIL 2024 FEE CHANGE LEGEND
Italicized fees are new fees effective April 1, 2024.
Bolded fees are fees changing effective April 1, 2024.
PERSONAL SCHEDULE OF FEES
5
The fee schedule below applies to all Non-Analyzed Business Checking Accounts
unless otherwise noted.
BANK FEES
ATM Service Charge (At A Non-F&M Bank ATM) ............................................... $2.50
Bond Coupon Collection ........................................................................................ $10.00
Chargeback Item Fee (Check) ............................................................................... $10.00
Checks/Deposit Slips ......................................................................... Per Catalog Pricing
Counter Check Request Per Sheet ......................................................................... $2.00
Daily Deposit Report Per Report Per Account……………… ................. ……………$5.00
Debit Card Foreign Transaction (International) ............................. 3% Of Purchase Price
Debit Card Replacement Fee ................................................................................. .$5.00
Debit Card Rush Delivery Fee .............................................................................. .$15.00
Debit Item ................................................................................................................ $0.45
Debit Item – Bankruptcy Trustee Account .......................................................... $0.45
Deposit Bag (Disposable) .............................................................................. $0.25-$0.80
Deposit Correction ................................................................................................... $5.00
Endorsement Stamp .......................................................................... Per Catalog Pricing
Escheatment Notice ................................................................................................. $2.00
Hold Statement Service Per Month ....................................................................... $10.00
Legal Process ..................................................................................................... $150.00
Merchant Services .................................................................................... Per Agreement
Merchant Services Supplies ......................................................................... Market Price
Merchant Services Client Event Support (Per Day) ............................................ $250.00
Night Depository Annual Fee ................................................................................. $20.00
Night Depository Replacement Key ......................................................................... $5.00
Overdraft Item/s Fee Per Item ............................................................................... $30.00
Paper Statement ..................................................................................................... $5.00
Research Per Hour - Bank Account (1 Hour Minimum, Prorated Thereafter) ....... $50.00
Special Cash Order………………………. .................. ……………………………. $30.00
Special Statement (Without Check Images) ...................................................... $10.00
Stop Payment In-Person / Phone Per Request ..................................................... $30.00
Stop Payment Online / Telebanker Per Request................................................... $15.00
Sweep Transaction Charge .................................................................................... .$5.00
Telephone Transfer Fee .......................................................................................... $5.00
Undeliverable Statement Handling Fee .................................................................. .$5.00
Verification Of Deposit Per Account ...................................................................... $20.00
ACH FEES
ACH Block Authorization Monthly Per Account .................................................... $10.00
ACH Block Set-Up................................................................................................... $5.00
ACH Filter Authorization Monthly Per Account ...................................................... $10.00
ACH Origination Chargeback/Creditback .............................................................. $10.00
ACH File Reversal Charge ..................................................................................... $35.00
ACH Filter Per Item .................................................................................................. $1.00
ACH Filter Set-Up .................................................................................................... $5.00
ACH Origination Reversal ...................................................................................... $30.00
ACH Stop Payment Per Request ........................................................................... $30.00
Direct ACH Monthly................................................................................................ $25.00
EDI Reporting Charge Per Transaction ................................................................... $1.00
EDI Reporting Service Maintenance Per Month ............................................... $50.00
EDI Reporting Setup Fee ................................................................................... $100.00
Item Reversal Charge .......................................................................................... $20.00
Notification Of Change ............................................................................................ $2.00
Return Per Item Charge ......................................................................................... $10.00
Next Day ACH Origination (Credit or Debit) Per Item ............................................. $0.20
Same Day ACH Origination (Credit or Debit) Per Item ....................................... $1.00
Standard ACH Origination Per Item ..................................................................... $0.20
Standard ACH Received (Credit or Debit) Per Item ............................................ $0.20
BUSINESS BILL PAY
Bill Pay Overnight Check ...................................................................................... $17.50
Bill Pay Paid Return Item Per Item ........................................................................ $30.00
Bill Pay Re-Issue Draft Per Item ............................................................................ $30.00
Bill Pay Stop Payment Draft Per Request ............................................................. $30.00
Same Day Electronic Bill Payment ........................................................................ $12.95
Stop Payment Online Per Request ........................................................................ $15.00
Tax Payment Per Payment…………………… ................. ……………………………$5.00
BUSINESS CHECKING PLUS
Debit Transactions Per Item, Per Month (After 400 Withdrawals, Checks, or
Drafts) ..................................................................................................................... .$0.45
Standard ACH Origination (After 100 Transactions) .............................................. $0.15
Incoming Domestic Online Banking Wires – eNotice (After 2 Wires) ................... $15.00
Outgoing Domestic Online Banking Wires – eNotice (After 2 Wires).................... $15.00
Currency (excludes rolled/bagged coins)
Per $1,000 Deposited After $20,000 .................................................................. $2.00
Per $1,000 Provided After $20,000 .................................................................... $1.70
Each Additional Log-In ID (Employee Access Control) ........................................... $5.00
BUSINESS CHECKING NON-ANALYZED & BUSINESS INTEREST ON
CHECKING PER ITEM, PER MONTH
Debit Item (Checks Paid After 300 Debits) .......................................................... $0.45
BUSINESS ONLINE BANKING
Each Additional Log-In ID (Employee Access Control) ........................................... $5.00
Multiple Access Service Set-Up ........................................................................... $150.00
Custom Reporting Set-Up .................................................................................... $200.00
Custom Reporting Monthly .................................................................................... $50.00
Custom File Creation Set-Up ............................................................................... $100.00
Custom File Creation Monthly................................................................................ $50.00
Basic API Connectivity Set-Up............................................................................. $250.00
Basic API Connectivity Monthly ............................................................................. $60.00
BUSINESS ONLINE BANKING WITH CASH MANAGER
2
Cash Manager Per Month .................................................................................... $50.00
CASHIER’S CHECKS
Client ..................................................................................................................... $10.00
Non-Client ............................................................................................................. $20.00
CHECK IMAGE DEPOSIT/ICL/X9.37
1
One Time Set-Up ................................................................................................. $100.00
Monthly (If Less Than 2,000 Items Processed Per Month) ................................. $100.00
Check Image Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check ............................................................. $0.08
Non-F&M Item: Transit Item Per Check................................................................ $0.08
COIN (IN OR OUT)
Coin & Currency Change Order ............................................................................... $5.00
Per Standard Bag Deposited ................................................................................... $5.00
Per Mixed Standard Bag Deposited ........................................................................ $8.00
Per Roll Deposited ................................................................................................... $0.15
Per Box Provided ..................................................................................................... $4.00
Per Large Bag Provided ........................................................................................ $0.80
Per Small Bag Provided ........................................................................................... $0.35
Per Loose Standard Bag Provided .......................................................................... $7.00
Per Roll Provided ..................................................................................................... $0.15
COLLECTION PROCESSING
Incoming Domestic................................................................................................. $50.00
Incoming International ........................................................................................ $75.00
Outgoing Domestic (Plus Correspondent Bank Fees) .................................... $25.00
Outgoing International (Plus Correspondent Bank Fees) ............................... $50.00
APRIL 2024 FEE CHANGE LEGEND
Italicized fees are new fees effective April 1, 2024.
Bolded fees are fees changing effective April 1, 2024.
BUSINESS SCHEDULE OF FEES
6
COPY
Per Item (e.g. Checks, Deposit Slips) .................................................................. $5.00
Per Statement With Images ................................................................................... $10.00
Per Statement Without Images ................................................................................ $5.00
Web-CD Statement ............................................................................................... $20.00
CREDIT CARDS
Refer to the Elan Cardmember Agreement.
CURRENCY (IN OR OUT)
Per $1,000.00 Deposited ....................................................................................... $2.00
Per $1,000.00 Provided ......................................................................................... $1.70
EARLY ACCOUNT CLOSURE
Checking/Money Market Accounts (Within 90 Days Of Opening) ......................... $20.00
Savings Accounts (Within 180 Days Of Opening) ............................................ $20.00
LOCKBOX – ELECTRONIC
1
Set-Up Per Box ................................................................................................... $250.00
Maintenance Per Box Per Month ......................................................................... $175.00
Monthly Minimum ................................................................................................. $325.00
Reporting Per Month ............................................................................................ $150.00
Image Transaction (Correspondence) Per Page ................................................ $0.40
Data Entry Per Keystroke ...................................................................................... $0.025
Data Capture MICR Line .......................................................................................... $0.10
Deposit .................................................................................................................... $1.75
Image Transaction ................................................................................................... $0.08
Incoming Courier Pack Per Pack ............................................................................. $5.00
Items Processed Per Online Item ............................................................................ $0.45
Items Processed Per Paper Item ............................................................................. $0.65
Look Up/Payment Import Files Implementation Per Invoice ................................... $0.45
Look Up Table Per Month .................................................................................... $325.00
Special Handling (e.g. Cash, Foreign Items) Per Item ............................................ $3.50
Unprocessable Items Per Item................................................................................. $0.40
Box Rental Fee .......................................................................................... At Cost + 10%
Credit Card Processing Per Item ............................................................................. $0.60
Online Exception Decisioning Access Per Month.................................................. $50.00
Exception Processing Per Item ................................................................................ $0.50
Online Payments Portal One Time Set Up .......................................................... $850.00
Online Payment Per Item ......................................................................................... $0.55
Online e-Bill Presentment Monthly Maintenance................................................. $325.00
Remote Capture Twain Compatible Document Scanner ...................... $725 - $1,400.00
Remittance Imaging: Image Archiving Per Item Per Month .................................. $25.00
MEDICAL ELECTRONIC LOCKBOX (MED ESOLUTIONS)
1
Please See All Fees Noted Above for Electronic Lockbox
Med eSolutions Image Transaction ......................................................................... $0.45
MONEY ORDERS
Client ........................................................................................................................ $5.00
Non-Client .............................................................................................................. $10.00
NOTARY SERVICES (ACKNOWLEDGEMENTS, JURATS, ETC.)
Client, Per Signature .............................................................................................. $10.00
Non-Client, Per Signature ...................................................................................... $15.00
PRE-PAID GIFT CARDS
MasterCard
®
Pre-Paid Gift Card Activation Per Card ............................... Up to $6.95
Inactivity Per Month (After 12 Consecutive Months Of Inactivity) ................... $4.95
Replacement Of Lost Or Stolen Card .................................................................. $8.00
POSITIVE PAY
Check Positive Pay Service Per Month Per Account ....................................... $30.00
Check Positive Pay With Payee Match Monthly Per Account ......................... $30.00
ACH Positive Pay Monthly Per Account ............................................................ $30.00
Positive Pay Bundle Monthly Per Account
(ACH Positive Pay And Check Positive Pay With Payee Match) .................. $70.00
Setup Cost (EDI and BAI2 Reporting)
................................................................ $100.00
EDI Reporting (Monthly) ........................................................................................ $50.00
BAI2 Reporting (Monthly) ....................................................................................... $50.00
REMOTE DEPOSIT CAPTURE (RDC)
1
One Time Set-Up Per Location ............................................................................ $150.00
Rental Fee Per Month (Scanner Plus Maintenance) .............................................. Varies
Single Feed Scanner ........................................................................................... $25.00
Multiple Feed Scanner ......................................................................................... $50.00
Monthly License (Up To 2 Licenses).................................................................. $35.00
Monthly (Licenses In Excess Of The First 2) ......................................................... $20.00
Check Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check ............................................................ $0.15
Non-F&M Item: Transit Item Per Check ............................................................... $0.15
Bundled RDC Per Item Charges (Scanning And Transmitting) .............................. $0.15
SAFE DEPOSIT BOX
Key Deposit ............................................................................................................ $20.00
Forced Entry ........................................................................................................ At Cost
Late Fee ................................................................................................................. $10.00
Annual Rent ........................................................................... Varies Based On Box Size
• 2x5 .................................................................................................................... $25.00
• 3x5 .................................................................................................................... $50.00
• 4x5 .................................................................................................................... $55.00
• 5x5 .................................................................................................................... $60.00
• 3x10 .................................................................................................................. $70.00
• 4x10 .................................................................................................................. $85.00
• 5x10 ................................................................................................................ $100.00
• 6x10 ................................................................................................................ $110.00
• 8x10 ................................................................................................................ $130.00
• 9x10 ................................................................................................................ $140.00
• 10x10 .............................................................................................................. $150.00
• 10x15 .............................................................................................................. $200.00
• 15x15 .............................................................................................................. $300.00
SECURE FILE TRANSFER PROTOCOL (SFTP)
Direct ACH Set-Up Fee (SFTP) ......................................................................... $150.00
Transmission Method Business Online Banking: SFTP Set-Up ......................... $100.00
Transmission Method Business Online Banking: SFTP Monthly .......................... $75.00
Transmission Method Positive Pay – SFTP Set-Up ............................................ $100.00
Transmission Method Positive Pay – SFTP (Monthly) .......................................... $75.00
SMART SAFE
1
Smart Safe Deposit Correction Notice .................................................................... $5.00
Smart Safe Setup Fee ......................................................................................... $100.00
Smart Safe Service Per Unit Per Month ................................................................ $50.00
WIRE TRANSFERS – DOMESTIC & USD INT’L VIA US CORRESPONDENT
BANK*
Incoming Domestic Wire – eNotice ........................................................................ $10.00
Incoming Domestic Wire – Mail Notice .................................................................. $15.00
Online Banking Outgoing Wire – eNotice .............................................................. $15.00
Online Banking Outgoing Wire – Mail Notice .................................................. $25.00
Outgoing Domestic Wire – eNotice ....................................................................... $30.00
Outgoing Domestic Wire – Mail Notice ................................................................. $35.00
Wire Processing Customer Draw Down Authorization Per Draw Down … ....... ….$10.00
Wire Processing Customer Scheduled Wire Per Wire …………………… ........ ….$10.00
*Online Banking Wires Are For Domestic & Int’l Via US Correspondent Bank
Purposes Only
WIRE TRANSFERS – INTERNATIONAL
Incoming International Wire – eNotice ................................................................... $10.00
Incoming International Wire – Mail Notice ............................................................. $15.00
Outgoing International Wire – USD ..................................................................... $50.00
Outgoing International Wire – FX ........................................................................ $40.00
Please Note: Prices subject to change. Certain accounts may have fees for services
not noted in this schedule. Please review your account agreement for details.
1. Account Analysis set up is required.
2. Online Banking (OLB) fee listed on statement may be combined with ACH
transaction fees incurred during the billing period, if applicable.
BUSINESS SCHEDULE OF FEES
CONTINUED
7
BANK FEES
Account Analysis Maintenance Per Month ....................................................... $30.00
Armored Car and Courier Services ..................... Per Agreement + 10% ($10 minimum)
1
ATM Service Charge (At a Non-F&M Bank ATM) (SC) ....................................... $2.50
Bond Coupon Collection (SC) ................................................................................ $10.00
Cashier’s Check ................................................................................................... $10.00
Chargeback Item Fee (Check) ............................................................................... $10.00
Checks/Deposit Slips ................................... Per Catalog Pricing + 10% ($10 minimum)
1
Counter Check Request Per Sheet (SC) ................................................................. $2.00
Daily Deposit Report Per Report Per Account ......................................................... $5.00
Debit Card Foreign Transaction (International ) (SC) .................... 3% Of Purchase Price
Debit Card Replacement Fee (SC) ......................................................................... .$5.00
Debit Card Rush Delivery Fee (SC) ...................................................................... .$15.00
Debit Item (Checks Paid) ....................................................................................... $0.25
Debit Item – Bankruptcy Trustee Account ............................................................... $0.25
Deposit Bag/Each (Disposable) ..................................................................... $0.25-$0.80
Deposit Correction ................................................................................................... $5.00
Deposit Item ............................................................................................................ $0.20
Endorsement Stamp .................................... Per Catalog Pricing + 10% ($10 minimum)
1
Escheatment Notice (SC) ........................................................................................ $2.00
Hold Statement Service Per Month (SC) ............................................................... $10.00
Legal Process (SC) ............................................................................................ $150.00
Lockbox ..................................................................................................... Per Agreement
Merchant Services .................................................................................... Per Agreement
Merchant Services ............................................... Per Agreement+ 10% ($10 minimum)
1
Merchant Services Supplies ......................................................................... Market Price
Merchant Services Client Event Support Per Day (SC) ...................................... $250.00
Night Depository Annual Fee (SC) ........................................................................ $20.00
Night Depository Replacement Key (SC) ................................................................ $5.00
Money Order ............................................................................................................ $5.00
Overdraft Item/s Fee Per Item ............................................................................... $30.00
Paper Statement ..................................................................................................... $5.00
Remote Deposit Capture ......................................................................... Per Agreement
Research Per Hour - Bank Account (1 Hour Minimum, Prorated Thereafter) ....... $50.00
Special Cash Order (SC) ............ ........................................................................$30.00
Special Statement (Without Check Images) ..................................................... $10.00
Stop Payment In-Person / Phone Per Request ..................................................... $30.00
Stop Payment Online / Telebanker Per Request................................................... $15.00
Sweep Transaction Charge .................................................................................... .$5.00
Telephone Transfer Fee .......................................................................................... $5.00
Vendor Invoice ................................................... Per Agreement + 10% ($10 minimum)
1
Undeliverable Statement Handling Fee (SC)
......................................................... .$5.00
Verification Of Deposit Per Account ..................................................................... $20.00
ACH FEES
ACH Block Authorization Monthly Per Account .................................................... $10.00
ACH Block Set-Up................................................................................................... $5.00
ACH Filter Authorization Monthly Per Account ...................................................... $10.00
ACH Origination Chargeback/Creditback .............................................................. $10.00
ACH File Reversal Charge ................................................................................... ..$35.00
ACH Filter Per Item .................................................................................................. $1.00
ACH Filter Set-Up .................................................................................................... $5.00
ACH Origination Reversal ...................................................................................... $30.00
ACH Stop Payment Per Request ........................................................................... $30.00
Direct ACH Monthly................................................................................................ $25.00
EDI Reporting Charge Per Transaction ................................................................... $1.00
EDI Reporting Service Maintenance Per Month ............................................... $50.00
EDI Reporting Setup Fee ................................................................................... $100.00
Item Reversal Charge .......................................................................................... $20.00
Notification Of Change ............................................................................................ $2.00
Return Per Item Charge ......................................................................................... $10.00
Next Day ACH Origination (Credit or Debit) Per Item ............................................. $0.20
Same Day ACH Origination (Credit or Debit) Per Item ....................................... $1.00
Standard ACH Origination Per Item ..................................................................... $0.20
Standard ACH Received (Credit or Debit) Per Item ............................................ $0.20
BUSINESS ONLINE BANKING
Each Additional Log-In ID (Employee Access Control) ........................................... $5.00
Multiple Access Service Set-Up ........................................................................... $150.00
Custom Reporting Set-Up .................................................................................... $200.00
Custom Reporting Monthly .................................................................................... $50.00
Custom File Creation Set-Up ............................................................................... $100.00
Custom File Creation Monthly................................................................................ $50.00
Basic API Connectivity Set-Up............................................................................. $250.00
Basic API Connectivity Monthly ............................................................................. $60.00
BILL PAY
Bill Pay Overnight Check (SC) ............................................................................... $17.50
Bill Pay Paid Return Item Per Item (SC) ................................................................ $30.00
Bill Pay Re-Issue Draft Per Item (SC) .................................................................... $30.00
Bill Pay Stop Payment Draft Per Request (SC) .................................................... $30.00
Same Day Electronic Bill Payment (SC) ................................................................ $12.95
Stop Payment Online Per Request ....................................................................... $15.00
Tax Payment Per Payment (SC) ............................................................................. $5.00
BUSINESS ONLINE BANKING WITH CASH MANAGER
Cash Manager Per Month .................................................................................... $50.00
CHECK IMAGE DEPOSIT/ICL/X9.37
1
One Time Set-Up ................................................................................................. $100.00
Monthly (If Less Than 2,000 Items Processed Per Month) ................................ $100.00
Check Image Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check ............................................................ $0.08
Non-F&M Item: Transit Item Per Check .............................................................. $0.08
COIN (IN OR OUT)
Coin & Currency Change Order ............................................................................... $5.00
Per Standard Bag Deposited ................................................................................... $5.00
Per Mixed Standard Bag Deposited ........................................................................ $8.00
Per Roll Deposited ................................................................................................... $0.10
Per Box Provided ..................................................................................................... $4.00
Per Large Bag Provided ........................................................................................ $0.80
Per Small Bag Provided ........................................................................................... $0.35
Per Loose Standard Bag Provided .......................................................................... $3.50
Per Roll Provided ..................................................................................................... $0.12
COLLECTION PROCESSING
Incoming Domestic (SC) ........................................................................................ $50.00
Incoming International (SC) ................................................................................ $75.00
Outgoing Domestic (Plus Correspondent Bank Fees) (SC) ............................ $25.00
Outgoing International (Plus Correspondent Bank Fees) (SC) ...................... $50.00
COPY
Per Item (e.g. Checks, Deposit Slips) ................................................................. $5.00
Per Statement With Images ................................................................................... $10.00
Per Statement Without Images ................................................................................ $5.00
Web-CD Statement ............................................................................................... $20.00
CREDIT CARD
Refer to the Elan Cardmember Agreement.
CURRENCY (IN OR OUT)
Per $1,000.00 Deposited ........................................................................................ $2.00
Per $1,000.00 Provided .......................................................................................... $1.70
EARLY ACCOUNT CLOSURE
Checking/ Money Market Accounts (Within 90 Days of Opening) (SC) ................ $20.00
Savings Accounts (Within 180 Days Of Opening)* .......................................... $20.00
APRIL 2024 FEE CHANGE LEGEND
Italicized fees are new fees effective April 1, 2024.
Bolded fees are fees changing effective April 1, 2024.
ACCOUNT ANALYSIS SCHEDULE OF FEES
8
LOCKBOX – ELECTRONIC
Set-Up Per Box ................................................................................................... $250.00
Maintenance Per Box Per Month ......................................................................... $175.00
Monthly Minimum ................................................................................................. $325.00
Reporting Per Month ............................................................................................ $150.00
Image Transaction (Correspondence) Per Page ................................................ $0.40
Data Entry Per Keystroke ...................................................................................... $0.025
Data Capture MICR Line .......................................................................................... $0.10
Deposit .................................................................................................................... $1.75
Image Transaction ................................................................................................... $0.08
Incoming Courier Pack Per Pack ............................................................................. $5.00
Items Processed Per Online Item ............................................................................ $0.45
Items Processed Per Paper Item ............................................................................. $0.65
Look Up/Payment Import Files Implementation Per Invoice ................................... $0.45
Look Up Table Per Month .................................................................................... $325.00
Special Handling (e.g. Cash, Foreign Items) Per Item ............................................ $3.50
Unprocessable Items Per Item................................................................................. $0.40
Box Rental Fee .......................................................................................... At Cost + 10%
Credit Card Processing Per Item ............................................................................. $0.60
Online Exception Decisioning Access Per Month.................................................. $50.00
Exception Processing Per Item ................................................................................ $0.50
Online Payments Portal One Time Set Up .......................................................... $850.00
Online Payment Per Item ......................................................................................... $0.55
Online e-Bill Presentment Monthly Maintenance................................................. $325.00
Remote Capture Twain Compatible Document Scanner ...................... $725 - $1,400.00
Remittance Imaging: Image Archiving Per Item Per Month .................................. $25.00
MEDICAL ELECTRONIC LOCKBOX (MED ESOLUTIONS)
Please See All Fees Noted Above for Electronic Lockbox
Med eSolutions Image Transaction ......................................................................... $0.45
NOTARY SERVICES (ACKNOWLEDGEMENTS, JURATS, ETC.)
Client, Per Signature (SC) ..................................................................................... $10.00
Non-Client, Per Signature (SC) ............................................................................ $15.00
POSITIVE PAY
Check Positive Pay Service Per Month Per Account ....................................... $30.00
Check Positive Pay with Payee Match Monthly Per Account ......................... $30.00
ACH Positive Pay Monthly Per Account ............................................................ $30.00
Positive Pay Bundle Monthly Per Account
(ACH Positive Pay and Check Positive Pay with Payee Match)… ................ $70.00
Setup Cost (EDI and BAI2 Reporting) ................................................................. $100.00
EDI Reporting (Monthly) ........................................................................................ $50.00
BAI2 Reporting (Monthly) ....................................................................................... $50.00
REMOTE DEPOSIT CAPTURE (RDC)
One Time Set-Up Per Location ............................................................................ $150.00
Rental Fee Per Month (Scanner Plus Maintenance) .............................................. Varies
Single Feed Scanner .......................................................................................... $25.00
Multiple Feed Scanner ......................................................................................... $50.00
Monthly License (Up To 2 Licenses).................................................................. $35.00
Monthly (Licenses In Excess Of The First 2) ......................................................... $20.00
Check Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check ............................................................ $0.15
Non-F&M Item: Transit Item Per Check ............................................................... $0.15
Bundled RDC Per Item Charges (Scanning And Transmitting) .............................. $0.15
SAFE DEPOSIT BOX
Key Deposit (SC) .............................................................................................. $20.00
Forced Entry (SC).......................................................................................... At Cost
Late Fee (SC) .................................................................................................... $10.00
Annual Rent (SC) ............................................................. Varies Based On Box Size
• 2x5 (SC) ....................................................................................................... $25.00
• 3x5 (SC) ....................................................................................................... $50.00
• 4x5 (SC) ....................................................................................................... $55.00
• 5x5 (SC) ....................................................................................................... $60.00
• 3x10 (SC) ..................................................................................................... $70.00
• 4x10 (SC) ..................................................................................................... $85.00
• 5x10 (SC) ................................................................................................... $100.00
• 6x10 (SC) ................................................................................................... $110.00
• 8x10 (SC)
.................................................................................................. $130.00
• 9x10 (SC) ................................................................................................... $140.00
• 10x10 (SC) ................................................................................................. $150.00
• 10x15 (SC) ................................................................................................. $200.00
• 15x15 (SC) ................................................................................................. $300.00
SECURE FILE TRANSFER PROTOCOL (SFTP)
Direct ACH Set-Up Fee (SFTP) .................................................................... $150.00
Transmission Method Business Online Banking: SFTP Set-Up .................... $100.00
Transmission Method Business Online Banking: SFTP Monthly ..................... $75.00
Transmission Method Positive Pay – SFTP Set-Up ....................................... $100.00
Transmission Method Positive Pay – SFTP (Monthly) ..................................... $75.00
SMART SAFE
Smart Safe Deposit Correction Notice ............................................................... $5.00
Smart Safe Setup Fee .................................................................................... $100.00
Smart Safe Service Per Unit Per Month ........................................................... $50.00
WIRE TRANSFERS – DOMESTIC & USD INT’L VIA US CORRESPONDENT
BANK*
Incoming Domestic Wire – eNotice ................................................................... $10.00
Incoming Domestic Wire – Mail Notice ............................................................. $15.00
Online Banking Outgoing Wire – eNotice ......................................................... $15.00
Online Banking Outgoing Wire – Mail Notice ............................................. $25.00
Outgoing Domestic Wire – eNotice ................................................................... $30.00
Outgoing Domestic Wire – Mail Notice ............................................................. $35.00
Wire Processing Customer Draw Down Authorization Per Draw Down........... $10.00
Wire Processing Customer Scheduled Wire Per Wire ..................................... $10.00
*Online Banking Wires Are For Domestic & Int’l Via US Correspondent Bank
Purposes only
WIRE TRANSFERS – INTERNATIONAL
Personal Outgoing International (Correspondent Fees Included) .................... $60.00
Personal Incoming International Wire – eNotice ............................................. $10.00
Personal Incoming International Wire – Mail Notice ......................................... $15.00
Incoming International Wire – eNotice .............................................................. $10.00
Incoming International Wire – Mail Notice ........................................................ $15.00
Outgoing International Wire – USD .................................................................. $50.00
Outgoing International Wire – FX ..................................................................... $40.00
(SC) = Statement Charge. Fees labeled SC will be itemized on your monthly
Checking Account statement.
Please Note: Prices subject to change. Certain accounts may have fees for services
not noted in this schedule. Please review your account agreement for details.
1. 10% ($10 minimum) charge applies when vendor invoices for Armored Car and
Courier Services, Checks/Deposit Slips, Endorsement Stamps, Merchant Services,
and all other vendor invoices are paid directly by F&M Bank and passed through
Account Analysis.
ACCOUNT ANALYSIS SCHEDULE OF FEES
CONTINUED
9
ACCOUNTS
Access Checking
• Minimum balance to open: $25.
• No check payments allowed.
• This account does not pay interest.
• Debit Mastercard
®
.
• Free Debit Card Alerts.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Alternative IDs (e.g. municipal, consular) permitted for secondary accountholder.
• Fees:
o $5 Monthly Service Charge (Maintenance Fee).
o $1.50 money orders
o A $2.50 Service Charge Fee per transaction made at a Non-F&M ATM.
Other financial institutions and ATM operators may charge an additional
Foreign ATM Surcharge fee to use their ATM, which is disclosed and debited
at the time of your transaction.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Bankruptcy Trustee Account
F&M is an approved depository of bankruptcy funds for the Central District of California (Region 16)
only.
• Minimum balance to open: $200.
• This account does not pay interest.
• Any account originally opened as non-analyzed may be subsequently analyzed at the
Bank’s discretion. Various fees will be imposed on analyzed accounts. A complete listing of
fees related to account analysis may be found on the Account Analysis Schedule of Fees.
• Fees:
o A Minimum Balance Fee of $20 will be imposed every month if the balance in the
account falls below $5,000 any day of the statement cycle.
o A Per Check/Withdrawal Fee of $0.45 for each debit transaction (withdrawal, check
paid, automatic transfer or payment out of your account) will be imposed after the
first 200 debit transactions, per statement cycle.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees and Business Schedule of Fees.
Bronze Checking
• Minimum balance to open: $100.
• This account does not pay interest.
10
• Debit Mastercard
®
.
• Free Debit Card Alerts.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Unlimited Check Writing.
• Fees:
o $10 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $10 Maintenance Fee during each statement cycle:
Maintain a minimum daily balance of $500 or more in this account; or
Maintain an average daily balance of $1,000 or more in this account.
The average daily balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in the period.
The period we use is a month.
o A Per Check/Withdrawal Fee of $0.30 will be imposed for each debit transaction
(withdrawal, check paid, automatic transfer, or payment out of this account) if the
balance in the account falls below $500 any day of the statement cycle OR if the
average daily balance for the statement cycle falls below $1,000. The period we use
is a month.
o A $2.50 Service Charge Fee per transaction made at a Non-F&M ATM.
Other financial institutions and ATM operators may charge an additional
Foreign ATM Surcharge fee to use their ATM, which is disclosed and debited
at the time of your transaction.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Business Checking – Analyzed
• Minimum balance to open: $200.
• This account does not pay interest. However, it provides an earnings credit that is used to
offset certain service fees incurred by the account’s activities, i.e. checks paid, items
deposited, etc.
• In addition to each monthly account statement, a monthly analysis statement is provided
which includes an accounting of services used and earnings credits that offset service
expenses.
• Earnings credits are based on average monthly balances of: $0.01 - $99,999.99; $100,000 -
$499,999.99; $500,000 - $999,999.99; and $1,000,000 or more. Competitive market rates
apply.
• Free Bill Pay.
• Fees:
o A $30 maintenance fee per statement cycle applies for all accounts under the same
analyzed group in addition to service fees according to the Account Analysis
Schedule of Fees.
• A complete schedule of other account-related fees can be found on the Account Analysis
Schedule of Fees.
11
Business Checking Plus
• Minimum balance to open: $200.
• This account does not pay interest.
• Depending on your overall account activity and the services used and/or required, at our
discretion, your Business Checking Plus account may be converted to another qualified
account type, including Business Checking – Analyzed. Various fees will be imposed on
analyzed accounts. A complete listing of fees related to account analysis may be found on
the Account Analysis Schedule of Fees.
• This account includes the following monthly benefits:
o 400 Debit Transactions (Withdrawals, Checks, or Drafts).
o 100 ACH Debit/Credit Originations.
o $20,000 Currency Provided/Deposited not Including Rolled and Bagged Coin.
o Three User Profiles for F&M Bank’s Online Banking
o 15 Mobile Remote Deposit Capture (mRDC) Transactions.
o 2 Free Incoming Domestic Online Banking Wire Transfers- eNotice
o 2 Free Outgoing Domestic Online Banking Wire Transfers- eNotice
o Up to three Business Checking Plus accounts per F&M Business Online Banking
profile
o Free Tax Payments via F&M Online Banking.
o Send Money with Zelle® (U.S. checking or savings account required to use Zelle®.
Transactions between enrolled users typically occur in minutes. To send or receive
money with a small business, both parties must be enrolled with Zelle® directly
through their financial institution’s online or mobile banking experience. In order to
send payment requests or split payment requests to a U.S. mobile number, the
mobile number must already be enrolled with Zelle®.)
o Free Bill Pay.
• Fees:
o A Minimum Balance Fee of $35 will be imposed every month if the average daily
balance for the statement cycle falls below $35,000.
o A $0.45 Debit Transaction Fee for each debit transaction (withdrawal, checks, or
drafts) will be imposed after the first 400 debit transactions, per statement cycle.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees.
Business Checking – Non Analyzed
• Minimum balance to open: $200.
• This account does not pay interest.
• Any account originally opened as non-analyzed may be subsequently analyzed at the
Bank’s discretion. Various fees will be imposed on analyzed accounts. A complete listing of
fees related to account analysis may be found on the Account Analysis Schedule of Fees.
• 200 Debit Transactions (withdrawal, check paid, automatic transfer or payment out of your
account).
• Free Bill Pay.
• Fees:
o A Minimum Balance Fee of $20 will be imposed every month if the balance in the
account falls below $5,000 any day of the statement cycle.
12
o A Per Check/Withdrawal Fee of $0.45 for each debit transaction (withdrawal, check
paid, automatic transfer or payment out of your account) will be imposed after the
first 200 debit transactions, per statement cycle.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees.
Certificates of Deposit
• Minimum balance to open: $1,000.
• The interest rate and annual percentage yield for your account depend upon the applicable
rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates
.
• Interest accrues on the business day a deposit is made, including non-cash items (i.e.,
checks).
• The daily balance method is used to calculate the interest on your account. This method
applies a daily periodic rate to the principal in the account each day.
• The interest rate on the account will be paid until the first maturity of the Certificate.
• The account will automatically renew at maturity.
• Deposits may be made on the maturity date and during the grace period.
• Interest accrued during the grace period will not be paid if closed during the grace period.
7 – 31 Day Market Rate Certificate of Deposit
• Interest will be compounded at maturity. Interest will be added back to the principal at
maturity. Other crediting arrangements may be made.
• There is one (1) business day after the maturity date to withdraw funds without penalty.
• A penalty will be imposed if any of the principal is withdrawn before the maturity date. The
penalty amount will be equal to all interest earned but not less than 7 days interest, and
therefore, may be deducted from the principal.
91 and 182 Day; 12; 13 – 17; 18 – 23; 24 – 35; 36 – 47; 48; and 60 Month Market Rate
Certificate of Deposit
• Interest will be compounded monthly. Interest will be added back to the principal monthly.
Other crediting arrangements may be made.
• Interest accrues on the business day a deposit is made, including non-cash items (i.e.,
checks).
• There are 10 calendar days after the maturity date to withdraw funds without penalty.
• A penalty will be imposed if any of the principal is withdrawn before the maturity date. A
penalty will be imposed for withdrawals before maturity. The penalty amount will be equal to
180 days if maturity is 18 months or more, 90 days interest if CD matures in more than 12
months but less than 18 months or 30 days if maturity is 12 months or less.
13
Bond Certificate of Deposit
• Bond Certificates of Deposit have a default term of 12 months, although the term may vary
depending on the bond requirements.
• Interest will not be compounded. Interest will be paid by check at maturity.
• Interest accrues on the business day a deposit is made, including non-cash items (i.e.,
checks).
• There are 10 calendar days after the maturity date to withdraw funds without penalty.
• A penalty will be imposed if any of the principal is withdrawn before the maturity date. The
penalty amount will be equal to 90 days interest if CD matures in more than 12 months but
less than 18 months or 30 days if maturity is 12 months or less.
• Deposits may not be made to this account.
Loan Collateral Certificate of Deposit
Loan Collateral Certificates of Deposit may be opened in conjunction with a Bank loan. Terms and
Conditions may be obtained from the Lending Team processing the loan request.
• Interest will not be compounded. Interest will be paid by check at maturity.
• Interest accrues on the business day a deposit is made, including non-cash items (i.e.,
checks).
• There are 10 calendar days after the maturity date to withdraw funds without penalty.
• We will impose a penalty if you withdrawal any of the principal before the maturity date. A
penalty will be imposed for withdrawals before maturity. The penalty amount will be equal to
180 days if maturity is 18 months or more, 90 days interest if CD matures in more than 12
months but less than 18 months or 30 days if maturity is 12 months or less. On terms 7-31
days, the penalty amount will be equal to all interest earned but not less than 7 days
interest; and; may be deducted from the principal.
• Deposits may not be made to this account.
• The bank retains the right to redeem certificate at any time as outlined in the security
agreement.
Christmas Club Account
F&M Bank offers two types of Christmas Club accounts: a coupon book or automatic transfer from
your F&M account. Coupon deposits are accepted late November through October, while automatic
transfers are processed January through October, with the balance and accrued interest paid by
check in early November.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates
. The Bank may change the interest rate at any
time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest will be paid once a year in November. If the account is closed before interest is
credited, the accrued interest will not be paid. There is no compounding of interest during
the term of the account.
• Deposits can be automatically transferred from an F&M checking account or initiated by you.
To process the deposits by automatic transfer, a signed authorization is necessary.
• The Automatic Christmas Club account will be automatically renewed at maturity.
14
• No withdrawals are allowed from the Christmas Club account. A check is mailed to you for
the principal plus accrued interest once per year in November.
• A $20.00 fee will be imposed for closing the account prior to November.
• If account is closed before interest is paid, the accrued interest will not be credited.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
College Checking
• For 18 to 24 year old students.
o F&M Bank reserves the right to verify enrollment at account opening.
• Minimum balance to open: $25.
• Debit Mastercard
®
.
• Free Debit Card Alerts.
• Reversal of the Foreign ATM Surcharge Fee and the ATM Service Charge Fee at non-F&M
Bank ATMs.
o Applicable for non-F&M ATM use in the United States and its territories only.
Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Unlimited Check Writing.
o Free first box of 80 F&M logo checks or variety pack of 40 checks.
• This account does not pay interest.
• On the primary accountholder's 25th birthday, this account will be converted to a Silver
Checking Account.
• Fees:
o $5 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $5 Maintenance Fee during each statement cycle:
Total direct deposit of $250 or more made to this account or
15 or more Debit Card Point-of-Sale (POS) transactions from this account,
excluding transactions conducted at an ATM.
o No monthly minimum balance fees.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Gold Checking
• Minimum balance to open: $100.
• Gold Debit Mastercard
®
.
• Free Debit Card Alerts.
• Reversal of the Foreign ATM Surcharge Fee and the ATM Service Charge Fee at non-F&M
Bank ATMs.
o Applicable for non-F&M ATM use in the United States and its territories only.
Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.
• Free Online Banking.
15
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Free Paper Statements, upon request.
• Unlimited Check Writing.
o Free first box of F&M logo checks.
• Free Cashier’s Checks and Money Orders (Please contact Branch Management for details)
• Free Sweep and Telephone Transfers.
• This account pays interest.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office. The Bank may change the interest rate at any time.
o Interest begins to accrue on the business day a deposit is made.
o The daily balance method is used to calculate the interest on the account. This
method applies a daily periodic rate to the principal in the account each day.
o Interest is compounded monthly and credited to the account monthly.
o If the account is closed before interest is credited, the accrued interest will not be
paid.
• Fees:
o $25 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $25 Maintenance Fee during each statement cycle:
Maintain a minimum daily balance of $5,000 or more in this account or
Maintain an average daily balance* of $10,000 or more in this account or
The primary accountholder maintains a combined average daily balance of
$50,000 or more in a checking and/or savings account(s) or a combined total
of $100,000 or more of the average daily balance in a checking and/or
savings account(s), and/or the ledger (current) balance in a Certificate of
Deposit (CD) account(s).**
• By opening this account, the primary accountholder consents to the
right to share with other parties on this account, the existence and
balances of all related accounts upon request, and represents and
warrants that each co-owner of a related account authorizes the
balances of the account to be combined for program benefits.
*The average daily balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in the
period. The period we use is a month.
**The primary accountholder is the person identified in the section "Owner/Signer
Information" of the Account Agreement used to open this account. The average
daily (ledger) balance for related accounts is calculated by adding the principal in the
account(s) for each day from the first day of the related account's current statement
cycle through the last day of this account's statement cycle, divided by the number of
days between these two dates. The current (ledger) balance is the current balance
on CD accounts (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined average daily (ledger) balance is the sum of the
average daily balances in this account and in each checking and/or savings
account(s) (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined total is calculated by adding the combined average
daily (ledger) balance and the ledger (current) balance.
16
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Health Savings Account (HSA)
• Minimum balance to open: $100.
• Health Savings Debit Mastercard
®
.
• Free Debit Card Alerts.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates. The Bank may change the interest rate at any
time.
• Interest begins to accrue on the business day a deposit is made.
• Interest accrues on the business day the deposit is made including non-cash items (i.e.,
checks).
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest is compounded quarterly and credited to the account quarterly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o One time set-up fee: $10.
A Minimum Balance fee of $10 will be imposed every quarter if the average daily
balance for the quarter falls below $1,000. The average daily balance is calculated
by adding the principal in the account for each day of the period and dividing that
figure by the number of days in the
period. The period we use is a calendar quarter.
o A $2.50 Service Charge Fee per transaction made at a Non-F&M ATM.
Other financial institutions and ATM operators may charge an additional
Foreign ATM Surcharge fee to use their ATM, which is disclosed and debited
at the time of your transaction.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Interest on Checking (Business)
• Minimum balance to open: $200.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates. The Bank may change the interest rate at any
time.
• Free Bill Pay.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest is compounded monthly and credited to the account monthly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Any account originally opened as non-analyzed may be subsequently analyzed at the
Bank’s discretion.
• Fees:
o A Minimum Balance Fee of $25 will be imposed every month if the balance in the
account falls below $6,000 any day of the statement cycle.
17
o A Per Check/Withdrawal Fee of $0.45 for each debit transaction (withdrawal, check
paid, automatic transfer or payment out of your account) will be imposed after the
first 200 debit transactions, per statement cycle.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees.
Individual Retirement Accounts (IRAs) (Traditional or Roth)
6, 12, 18, 24, 36, 48 and 60 Month Market Rate IRAs
• Minimum balance to open: $500.
• The interest rate and annual percentage yield for your account depend upon the applicable
rate tier.
• Interest accrues on the business day a deposit is made, including non-cash items (i.e.,
checks).
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• The interest rate on the account will be paid until first maturity.
• Interest is compounded quarterly and credited to the account quarterly.
• The account will automatically renew at maturity.
• Deposits may be made to the account in accordance with your IRA Plan disclosure.
• An Early Withdrawal Penalty (EWP) may be charged on distributions made outside of the 10
calendar day grace period following account maturity. There is a 10 calendar day grace
period following the maturity of the account to withdraw the funds without penalty.
• The penalty amount will be equal to 180 days of interest if the maturity is 18 months or
more, 90 days interest if the maturity is more than 12 months but less than 18 months or 30
days interest if the maturity is 12 months or less.
Market Rate Money Market (Business)
• Minimum balance to open: $200.
• The interest rate and annual percentage yield depend upon the applicable rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest is compounded monthly and credited to the account monthly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o A Minimum Balance Fee of $15 will be imposed every month if the balance in the
account falls below $6,000 on any day in the statement cycle.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees.
18
Market Rate Money Market (Personal)
• Minimum balance to open: $100.
• The interest rate and annual percentage yield depend upon the applicable rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest will be compounded monthly and credited to the account monthly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o A Minimum Balance Fee of $15 will be imposed every month if the balance in the
account falls below $2,500 on any day in the statement cycle.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Market Rate Savings (Business)
• Minimum balance to open: $200.
• The interest rate and annual percentage yield depend upon the applicable rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest will be compounded quarterly and credited to the account quarterly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o A Minimum Balance Fee of $15 will be imposed every quarter if the average daily
balance for the quarter falls below $1,000. The average daily balance is calculated
by adding the principal in the account for each day of the period and dividing that
figure by the number of days in the period. The period we use is a calendar quarter.
o A Per check/Withdrawal Fee of $5 will be imposed for each debit transaction
(withdrawal, check paid, automatic transfer or payment out of your account) if the
balance in the account falls below $1,000 any day of the quarter on withdrawals
exceeding six per quarter.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees.
Market Rate Savings (Personal)
• Minimum balance to open: $100.
• The interest rate and annual percentage yield depend upon the applicable rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates.
• The Bank may change the interest rate at any time.
19
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest will be compounded quarterly and credited to the account quarterly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o A Minimum Balance Fee of $10 will be imposed every quarter if the average daily
balance for the quarter falls below $500. The average daily balance is calculated by
adding the principal in the account for each day of the period and dividing that figure
by the number of days in the period. The period we use is a calendar quarter.
o A Per Check/Withdrawal Fee of $3 will be imposed for each transaction (withdrawal,
check paid, automatic transfer or payment out of your account) if the balance in the
account falls below $1,000 any day of the quarter on withdrawals exceeding three
per quarter.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Military Checking
• For active and former service members including the National Guard and Coast Guard.
o F&M Bank reserves the right to verify military status at account opening.
• One account per service member.
• Minimum balance to open: $100.
• Gold Debit Mastercard
®
.
• Free Debit Card Alerts.
• Reversal of the Foreign ATM Surcharge Fee and the ATM Service Charge Fee at non-F&M
Bank ATMs.
o Applicable for non-F&M ATM use in the United States and its territories only.
Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Free Paper Statements, upon request.
• Unlimited Check Writing.
o Free first box of F&M logo checks.
• Free Cashier’s Checks and Money Orders (Please contact Branch Management for details)
• Free Sweep and Telephone Transfers upon request.
• This account pays interest.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office. The Bank may change the interest rate at any time.
o Interest begins to accrue on the business day a deposit is made.
o The daily balance method is used to calculate the interest on the account. This
method applies a daily periodic rate to the principal in the account each day.
o Interest is compounded monthly and credited to the account monthly.
o If the account is closed before interest is credited, the accrued interest will not be
paid.
20
• Fees:
o No Monthly Service Charge (Maintenance Fee).
o No monthly minimum balance fees.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Platinum Checking
• Minimum balance to open: $100.
• Platinum Debit Mastercard
®
.
• Free Debit Card Alerts.
• Reversal of the Foreign ATM Surcharge Fee and the ATM Service Charge Fee at non-F&M
Bank ATMs.
o Applicable for non-F&M ATM use in the United States and its territories only.
Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Free Paper Statements, upon request.
• Unlimited Check Writing.
o 1 free box of any style checks per calendar year.
• Free Cashier’s Checks and Money Orders (Please contact Branch Management for details)
• Free Domestic Wire Transfers – Incoming and Outgoing.
• Additional Benefits on an open Platinum Checking Account, upon request:
o One savings account (Youth Savings or Market Rate Savings) where the Minimum
Balance Fee and Per Check/Withdrawal Fee are waived.
o One Safe Deposit Box, based on availability, where the annual rent payment is
waived for one year from the date the box is opened.
o Waived Stop Payment, Sweep Transfer, and Telephone Transfer Fees.
• This account pays interest based on tiered rates.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates
.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest is compounded monthly and credited to the account monthly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o $50 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $50 Maintenance Fee during each statement cycle:
Maintain a minimum daily balance of $15,000 or more in this account or
Maintain an average daily balance* of $50,000 or more in this account or
The primary accountholder maintains a combined average daily balance of
$100,000 or more in a checking and/or savings account(s) or a combined
total of $200,000 or more of the average daily balance in a checking and/or
21
savings account(s), and/or the ledger (current) balance in a Certificate of
Deposit (CD) account(s).**
• By opening this account, the primary accountholder consents to the
right to share with other parties on this account, the existence and
balances of all related accounts upon request, and represents and
warrants that each co-owner of a related account authorizes the
balances of the account to be combined for program benefits.
*The average daily balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in the
period. The period we use is a month.
**The primary accountholder is the person identified in the section "Owner/Signer
Information" of the Account Agreement used to open this account. The average
daily (ledger) balance for related accounts is calculated by adding the principal in the
account(s) for each day from the first day of the related account's current statement
cycle through the last day of this account's statement cycle, divided by the number of
days between these two dates. The current (ledger) balance is the current balance
on CD accounts (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined average daily (ledger) balance is the sum of the
average daily balances in this account and in each checking and/or savings
account(s) (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined total is calculated by adding the combined average
daily (ledger) balance and the ledger (current) balance.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Senior Checking
• For ages 62+.
• Minimum balance to open: $100.
• Debit Mastercard
®
.
• Free Debit Card Alerts.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Unlimited Check Writing.
o 1 free box of F&M logo checks per calendar year.
• This account does not pay interest.
• Fees:
o $5 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $5 Maintenance Fee during each statement cycle:
Total direct deposit of $250 or more made to this account; or
Five or more Debit Card Point-of-Sale (POS) transactions from this account
(excluding transactions conducted at an ATM); or
Maintain an average daily balance* of $2,000 or more in this account; or
The primary accountholder maintains a combined average daily balance of
$5,000 or more in a checking and/or savings account(s) or a combined total
22
of $15,000 or more of the average daily balance in a checking and/or savings
account(s), and/or the ledger (current) balance in a Certificate of Deposit
(CD) account(s)**
• By opening this account, the primary accountholder consents to the
right to share with other parties on this account, the existence and
balances of all related accounts upon request, and represents and
warrants that each co-owner of a related account authorizes the
balances of the account to be combined for program benefits.
**The primary accountholder is the person identified in the section
"Owner/Signer Information" of the Account Agreement used to open this
account. The average daily (ledger) balance for related accounts is
calculated by adding the principal in the account(s) for each day from the first
day of the related account's current statement cycle through the last day of
this account's statement cycle, divided by the number of days between these
two dates. The current (ledger) balance is the current balance on CD
accounts (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined average daily (ledger) balance is the sum of
the average daily balances in this account and in each checking and/or
savings account(s) (w/ a primary or joint relationship) that are related to the
primary accountholder. The combined total is calculated by adding the
combined average daily (ledger) balance and the ledger (current) balance.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Silver Checking
• Minimum balance to open: $100.
• Silver Debit Mastercard
®
.
• Free Debit Card Alerts.
• Free Online Banking.
• Free Bill Pay.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Center, eStatements and eNotices.
• Unlimited Check Writing.
• This account does not pay interest.
• Fees:
o $15 Monthly Service Charge (Maintenance Fee).
o Ways to Waive $15 Maintenance Fee during each statement cycle:
Total direct deposit of $500 or more made to this account or
20 or more Debit Card Point-of-Sale (POS) transactions from this account,
excluding transactions conducted at an ATM or
Maintain an average daily balance of $2,000 or more in this account or
The primary accountholder maintains a combined average daily balance of
$5,000 or more in a checking and/or savings account(s) or a combined total
23
of $15,000 or more of the average daily balance in a checking and/or savings
accounts(s), and/or the ledger (current) balance in a Certificate of Deposit
(CD) accounts(s).**
• By opening this account, the primary accountholder consents to the
right to share with other parties on this account, the existence and
balances of all related accounts upon request, and represents and
warrants that each co-owner of a related account authorizes the
balances of the account to be combined for program benefits.
*The average daily balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in the
period. The period we use is a month.
**The primary accountholder is the person identified in the section "Owner/Signer
Information" of the Account Agreement used to open this account. The average
daily(ledger) balance for related accounts is calculated by adding the principal in the
account(s) for each day from the first day of the related account's current statement
cycle through the last day of this account's statement cycle, divided by the number of
days between these two dates. The current (ledger) balance is the current balance
on CD accounts (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined average daily (ledger) balance is the sum of the
average daily balances in this account and in each checking and/or savings
account(s) (w/ a primary or joint relationship) that are related to the primary
accountholder. The combined total is calculated by adding the combined average
daily (ledger) balance and the ledger (current) balance.
o $2.50 ATM Service Charge fee per transaction made at a Non-F&M ATM.
Other financial institutions and ATM operators may charge an additional
Foreign ATM Surcharge fee to use their ATM, which is disclosed and debited
at the time of your transaction.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
State Bar Association/IOLTA
• Minimum balance to open: $200.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• This account is not charged a monthly Service Charge (Minimum Balance and Per
Check/Withdrawal Fees) and Paper Statement Fee.
• A complete schedule of other other account related fees can be found on the Personal
Schedule of Fees, Business Schedule of Fees and Account Analysis Schedule of Fees.
• For additional information on State Bar Association/IOLTA fees, please contact your local
F&M Bank Office.
24
Teen Checking
• For 13 to 17 year olds.
• Must have an adult as a joint accountholder.
• Minimum balance to open: $25.
• A Debit Mastercard
®
is provided with an optional safety feature, upon request, which can
limit the number and/or amount of transactions.
• Free Debit Card Alerts.
• Reversal of the Foreign ATM Surcharge Fee and the ATM Service Charge Fee at non-F&M
Bank ATMs.
o Applicable for non-F&M ATM use in the United States and its territories only.
Overdraft fees, if applicable, may apply. Fee reversal will occur within 48 hours.
• Free Online Banking.
• Free Mobile Banking with Text Banking.
• Free Mobile Check Deposit.
• Free Direct Deposit, Telebanker, Call Support, eStatements and eNotices.
• Unlimited Check Writing.
• Free first order of deposit slips.
• This account does not pay interest.
• On the primary accountholder's 18th birthday, this account will be converted to a College
Checking Account.
• Fees:
o No Monthly Service Charge (Maintenance Fee).
o No monthly minimum balance fees.
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees.
Youth Savings
The Youth Savings account is for clients ages 21 years and under. Minors under 18 years old must
have an adult as a joint accountholder.
• Minimum balance to open: $5.
• The interest rate and annual percentage yield depend upon the applicable rate tier.
• The interest rate and annual percentage yield on the account can be obtained from any
F&M Bank Office or www.fmb.com/rates
.
• The Bank may change the interest rate at any time.
• Interest begins to accrue on the business day a deposit is made.
• The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the principal in the account each day.
• Interest is compounded quarterly and credited to the account quarterly.
• If the account is closed before interest is credited, the accrued interest will not be paid.
• Fees:
o A Per Check/Withdrawal Fee of $2 will be imposed for each transaction (withdrawal,
check paid, automatic transfer or payment out of your account) if the balance in the
account falls below $200 any day of the quarter on withdrawals exceeding three per
quarter.
• A complete schedule of other account related fees can be found on the Personal Schedule
of Fees.
25
SERVICES
Debit Cards
Business Debit Card
The Business Debit Card is available to all types of businesses with an F&M checking account.
This service requires submission of a separate application package and appropriate Resolution.
• Can generally be used wherever Mastercard
®
is accepted.
• Withdrawal from an F&M checking account.
• Withdrawal from a linked F&M savings account (Sole Proprietorship Accounts Only).
• Transfer between linked F&M checking and savings accounts (Sole Proprietorship
Accounts Only).
• Balance inquiry on an F&M checking or linked savings account (Sole Proprietorship
Accounts Only).
• Deposits to an F&M checking or linked savings account (Sole Proprietorship Accounts
Only) at F&M Bank ATMs only.
• $2.50 ATM Service Charge Fee per transaction made at a Non-F&M ATM (including
balance inquiry).
o Other financial institutions and ATM operators may charge an additional Foreign
ATM Surcharge fee to use their ATM, which is disclosed and debited at the time of
your transaction.
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees and Accounts Analysis Schedule of Fees.
Personal Debit Card
The Personal Debit Card is available to all personal banking clients with an F&M checking account.
• Can generally be used wherever Mastercard
®
is accepted.
• Withdrawal from an F&M checking or linked savings account.
• Transfer between linked F&M checking and savings accounts.
• Balance inquiry on an F&M checking or linked savings account.
• Deposits to an F&M checking or linked savings account at F&M Bank ATMs only.
• $2.50 ATM Service Charge Fee per transaction made at a Non-F&M ATM (including
balance inquiry).
o Other financial institutions and ATM operators may charge an additional Foreign
ATM Surcharge fee to use their ATM, which is disclosed and debited at the time of
your transaction.
• A complete schedule of other account-related fees can be found on the Personal
Schedule of Fees.
26
Debit Card Alerts
Free debit card activity notifications via text, phone call or email that identify potentially fraudulent
activity.
F&M Bank does not charge a fee for using the Debit Card Alerts service. However, your wireless
carrier may charge for receiving text messages or phone calls from F&M Bank.
MASTERCARD ID THEFT PROTECTION™
All Farmers & Merchants Bank of Long Beach Debit Cardholders are eligible for complimentary
access to identity protection and fraud detection available through Mastercard ID Theft Protection
TM
.
• What is Mastercard ID Theft Protection
TM
? This benefit provides ID theft alerts, expert
resolution assistance and emergency “wallet” replacement to Farmers & Merchants Bank of
Long Beach Cardholders.
• Who is eligible for this coverage? To be eligible for this coverage, you must be a valid
cardholder of a Mastercard issued by a U.S. financial institution.
• How can I access these services? To register for the service and to learn more, visit
https://mastercardus.idprotectiononline.com call 1-866-566-3601.
• Is there a charge for this benefit? No, we provide this benefit at no extra cost.
• What are the services provided by Mastercard ID Theft Protection
TM
?
o ID Theft Alerts – Utilizing advanced Internet monitoring for malicious sites, if any
personal information is sold or bought online, cardholders will receive proactive alerts,
which offer real-time detection of any potential fraud and enhanced protection regardless
of the threat’s origin.
o Expert Resolution Assistance – When an ID theft occurs, an Identity Theft Restoration
Specialist will identify and cancel all missing cards/documents and initiate restoration
forms, fraud affidavits and police reports. The specialist will also help access credit
reports and provide tips on how to manage credit health.
o Emergency Wallet Replacement – With the specialist’s step-by-step help, “wallet”
contents (including driver’s licenses, passports and insurance cards) can be restored,
and assistance is available to protect against future attacks.
• When is the service available? The service is available immediately after enrollment and
24 hours a day, 365 days a year thereafter.
F&M Credit Cards
F&M Bank has partnered with Elan Financial Services to offer Personal and Business Visa
®
Credit
Card products. Applications can be submitted online or at one of our local Branch Offices, and are
subject to credit approval. All credit card accounts will be serviced through Elan Financial Services.
F&M Business Credit Card
• Cash Reward Programs
1
• Points Reward Programs
2
• Access cash at Branch Offices and ATMs
27
• Security and Fraud alerts
• Travel notification
• Geolocation
• Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
3
• 24/7 access to account online
• View annual account summary and spend analysis
• Online Management Tool for card spending
• Online statements
• Download transactions (Quicken
®
, QuickBooks™ and Excel)
• Accounts Payable can be streamlined by using the card for payments, reducing check
writing costs.
• Receipts and statements provide documentation for tax filing, audits, and expense
management.
• Automatic payment option
• 24/7 live U.S. based customer service
• Zero fraud liability
4
• Additional Visa
®
benefits
5
o Free Employee Cards
o Emergency Card Replacement and Cash Disbursement
o Auto Rental Collision Damage
o Visa
®
Savings Edge
®6
• Verified by Visa
®
online protection
All loans require credit approval. See credit card agreement for details.
1. Enrollment required. Applicable to Visa
©
Business Cash Card
2. Enrollment required. Applicable to Visa
©
Real Rewards, Visa
©
Smart Business, Visa
©
CommUNITY and Visa
©
Company
3. The Apple Logo is a trademark of Apple Inc., registered in the U.S. and other countries. The
Android logo is a trademark of Google, Inc. Samsung Pay is a trademark or registered
trademark of Samsung Electronics Co., Ltd. Use only in accordance with law
.
2017 Fitbit Inc.
All rights reserved. Fitbit and Fitbit Pay are trademarks of Fitbit, Inc. in the United States and
other countries. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.
4. Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardholder
must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and
limitations may apply.
5. Full details are provided once a cardholder. Certain restrictions, limitations and exclusions
apply. Coverage is underwritten and administered by companies affiliated with Visa USA Inc.
6. Enrollment required
Please refer to the following link for specific details of the various credit cards offered by
F&M Bank including the credit card’s Important Terms & Conditions
.
F&M Personal Credit Card
• Cash Reward Programs
1
• Points Reward Programs
2
• Access cash at banks and ATMs
• Security and Fraud Alerts
28
• Travel Notification
• Geolocation
• Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
3
• 24/7 Access to account online
• View Annual Account Summary and Spend Analysis
• Online Management Tool for Card Spending
• Online Statements
• Download transaction (Quicken
®
, QuickBooks™ and Excel)
• Accounts payable can be streamlined by using the card for payments, reducing check
writing costs.
• Receipts and statements provide documentation for tax filing, audits, and expense
management.
• Automatic payment option
• Free Credit Score
4
• 24/7 Live U.S. Based Customer Service
• Zero Liability
• Additional Visa
®
benefits
5
o Emergency Card Replacement and Cash Disbursement
• Verified by Visa
®
online protection
6
All loans require credit approval. See credit card agreement for details.
1. Enrollment required. Applicable to Visa
©
Business Cash Card
2. Enrollment required. Applicable to Visa
©
Real Rewards, Visa
©
Smart Business, Visa
©
CommUNITY and Visa
©
Company
3. The Apple Logo is a trademark of Apple Inc., registered in the U.S. and other countries. The
Android logo is a trademark of Google, Inc. Samsung Pay is a trademark or registered
trademark of Samsung Electronics Co., Ltd. Use only in accordance with law 2017 Fitbit
Inc. All rights reserved. Fitbit and Fitbit Pay are trademarks of Fitbit, Inc. in the United States
and other countries. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.
4. Free credit score access is available through online account access only. The free
VantageScore® Credit Score is for educational purposes only and is not used by Elan.
5. Full details are provided once a cardholder. Certain restrictions, limitations and exclusions
apply. Coverage is underwritten and administered by companies affiliated with Visa USA
Inc.
6. Enrollment required.
Please refer to the following link for specific details of the various credit cards offered by
F&M Bank including the credit card’s Important Terms & Conditions
.
Foreign Currency Exchange/Purchase
Foreign currency may be exchanged or purchased by Bank clients at all F&M Bank Offices.
Exchange fees apply.
29
Loans
F&M Bank offers business and personal credit, subject to credit approval. Terms and Conditions
vary.
Business Credit
Business Loans
• Inventory
• Industrial Equipment
• Farm Equipment
• Office Equipment
• Business Acquisition
• Letters of Credit
Business Lines of Credit
• Receivable Financing
• Working Capital Needs
• Fixed Asset Purchases
• Business Expansion
• F&M Business Credit
Card
Commercial Real Estate Loans
• Retail
• Industrial
• Office Buildings
• Apartments
• Mixed-Use Property
• Houses of Worship and Non-Profit
Construction Loans
• Owner-Occupied Dwellings
• Commercial Properties
• Industrial Properties
• Apartments, Town Homes, or
Spec Homes
Small Business Administration Loans (SBA 504)
• Real Estate Acquisition, Construction, or Improvement of Premises
• Long-Term Asset Acquisition
Personal Credit
Home Loans
• Mortgage Programs
• Home Equity Loans
• Bridge Loans
• Investment or Vacation Property Loans
• Home Improvement Loans
Other Personal Loans
• F&M Credit
Card
30
Lockbox
For all Lockbox Services including Electronic Lockbox and Medical Electronic Lockbox (Med
eSolutions), a separate application package and an Analyzed Business Checking Account are
required.
Electronic Lockbox
Electronic Lockbox is a payment processing service that allows account owners to view online
uploaded daily deposits, view check images, and create related downloads and reports.
• A personal P.O. Box number where payments may be sent
• Post Office pick-up service
• Processing and uploading of payments to the account
• Same-day credit
• No float-time, except deposits received by courier after 2:00 pm
• Online viewing of daily deposits, check images, and batch reports
• Fees
o Set-Up Per Box: $250.00
o Maintenance Per Box Per Month: $175.00
o Monthly Minimum: $325.00
o Reporting Per Month: $150.00
o Image Transaction (Correspondence) Per Page: $0.40
o Data Entry Per Keystroke: $0.025
o Data Capture MICR Line: $0.10
o Deposit: $1.75
o Image Transaction: $0.08
o Incoming Courier Pack Per Pack: $5.00
o Items Processed Per Online Item: $0.45
o Items Processed Per Paper Item: $0.65
o Look Up/Payment Import Files Implementation Per Invoice: $0.45
o Look Up Table Per Month: $325.00
o Special Handling (e.g. Cash, Foreign Items) Per Item: $3.50
o Unprocessable Items Per Item: $0.40
o Box Rental Fee: At Cost + 10%
o Credit Card Processing Per Item: $0.60
o Online Exception Decisioning Access Per Month: $50.00
o Exception Processing Per Item: $0.50
o Online Payments Portal One Time Set Up: $850.00
o Online Payment Per Item: $0.55
o Online e-Bill Presentment Monthly Maintenance: $325.00
o Remote Capture Twain Compatible Document Scanner: $725 - $1,400.00
o Remittance Imaging: Image Archiving Per Item Per Month: $25.00
• A complete schedule of other account-related fees can be found on the Business
Schedule of Fees and Account Analysis Schedule of Fees.
31
Medical Electronic Lockbox (Med eSolutions)
F&M Bank offers Med eSolutions which provides a secure (Health Insurance Portability and
Accountability Act (HIPAA) compliant solution for the production of Explanation of Benefits (EOBs)
data capture operations, Electronic Remittance Advise (ERA) processing, Self-Pay Processing, Re-
Association, Data Transmission, Digital Archive, Secondary Processing, and Denial Management.
• Fees:
o Electronic Lockbox Service Fees (see above)
o Per Med eSolutions Image Transaction: $0.45
Paper Claim with Check or ACH, Paper Claim Only, ERA and ACH or
Check, ERA Only, EOB Only, EOB with Check, EOB with Credit Card,
Patient Pay with Check or Check only, Patient Pay with Credit Card, and
Single Page correspondence.
o Other fees may apply.
• A complete schedule of other account-related fees can be found on the Business
Schedule of Fees and Account Analysis Schedule of Fees.
Merchant Services
Merchant Services enable businesses to accept debit cards, credit cards, and other forms of
payment. Services include: POS terminals/wireless terminals (with IP/WIFI), 24-7 Help Desk,
eMerchantView
®
or Merchant eSolutions (includes access to daily deposits and adjustments,
charge-backs and retrievals, up to three months of monthly statements, and export and print
capability with QuickBooks
®
enable), and gift/loyalty cards. A separate application package and an
Analyzed Business Checking Account are required.
Methods for Processing Payments:
• Point-of-Sale (POS) Terminal Products
• PC-Based Products
• Internet Processing
• Virtual and Mobile Processing
Credit and Debit Card Processing:
• All credit and debit cards
• Check Verification and Warranty
• Affordable Equipment and Software
Night Deposit
Night deposit boxes are available 24 hours a day at all F&M Bank Offices.
• Fees:
o Night Depository Annual Fee: $20.00
o Night Depository Replacement Key: $5.00
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees and Account Analysis Schedule of Fees.
32
Notary
Notary service is available at all F&M Bank Offices on a walk-in basis or by appointment if a notary
is unavailable.
• Fees for non-Bank documents requiring notarization:
o Notice of Nonpayment of a Promissory Note per signature: $5.00
o Acknowledgement, Jurats, etc., per signature (client): $10.00
o Acknowledgement, Jurats, etc., per signature (non-client): $15.00
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees and Account Analysis Schedule of Fees.
Online Banking
Online Banking services include Retail Online Banking, Business Online Banking, and Cash
Manager. Other services within Retail Online Banking include Bill Pay, Mobile Banking, Mobile
Check Deposit*, Zelle** , External Transfer***, and Text Banking. Other services for Business
Online Banking include ACH Origination****, Wire Transfers, Positive Pay, Remote Deposit Capture
(RDC), Tax Payments, Online Cash Order, Bill Pay, Mobile Banking, Mobile Check Deposit*, and
Text Banking.
Online Banking Services are available 7 days a week, 24 hours a day for personal and business
clients with an F&M Bank account. Enrollment and a separate agreement may be required for each
of the different types of Online Banking services. Online Banking Services are not available to
minors under 13 years old.
Balance and activity information are available in real time. Transactions initiated after the cut-off
times and on weekends and holidays for the services indicated below, will be processed the next
business banking day.
Service
Bill
Payments
Wire
Transfers
Positive
Pay
ACH
Origination
*
External
Transfers*
*
Tax
Payments
mRDC and
RDC
Cut-Off
Time
12:00pm
PST
2:00pm
PST
2:00pm
PST
3:00pm
PST
3:00pm
PST
3:00pm
PST
6:00pm
PST
*Availability of your deposited funds is based on F&M Bank's hold policies, are subject to verification and are
not available for immediate withdrawal. Deposit limit and other restrictions apply.
**Zelle U.S. checking or savings account required to use Zelle®. Transactions between enrolled users
typically occur in minutes. To send or receive money with a small business, both parties must be enrolled with
Zelle® directly through their financial institution’s online or mobile banking experience. In order to send
payment requests or split payment requests to a U.S. mobile number, the mobile number must already be
enrolled with Zelle®. Zelle is currently available through Business Online Banking for small businesses.
***Please note external transfers may take 1-2 business days to be processed.
****ACH is governed by NACHA Operating Rules.
Online access may be disabled if a user is inactive for six or more consecutive months. Online
Banking details and Terms and Conditions can be found at FMB.com.
• Manage multiple accounts with a single sign-on
• Access statements and notices (view and print capability)
33
• Access account history up to 180 days (view, print, and export capability)
o Export Options: Spreadsheet (xls – Microsoft® Excel); Spreadsheet (csv – Comma
Separated Values); Microsoft® OFX (ofx – Open Financial Exchange); Quicken®
(qfx – Intuit Web Connect and Direct Connect), and Quickbooks® (qbo –
QuickBooks Online).
• Access check images (view and print capability)
• View deposited checks (view and print capability)
• Check account balances
• Pay Bills
• Transfer funds between bank accounts
• Transfer funds between Financial Institutions (Retail Online Banking only)
• Send money via Zelle*
• Reorder checks
• Request a Stop Payment
• Fees:
o Online Banking Access: No Charge
o Check Order Fees: Depends on Check Type
o Stop Payment Online Per Request: $15.00
o Fees are automatically deducted from the account and appear on the account
statement
• A complete schedule of other account-related fees can be found on the Personal
Schedule of Fees, Business Schedule of Fees and Account Analysis Schedule of Fees.
* U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically
occur in minutes. To send or receive money with a small business, both parties must be enrolled with Zelle®
directly through their financial institution’s online or mobile banking experience. In order to send payment
requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with
Zelle®. Zelle is currently available through Business Online Banking for small businesses.
ACH Origination
Automated Clearing House Origination is a safe electronic payment system that transmits data
between financial institutions through Cash Manager. ACH is governed by the NACHA Operating
Rules. ACH transactions are accumulated and sorted by destination for transmission during a
predetermined period. This provides significant economies of scale. It also provides faster
processing than paper checks, which must be physically handled. Instead of using paper to carry
necessary transaction information, ACH transactions are transmitted electronically between
financial institutions through data transmission. A separate application package and an Analyzed
Business Checking Account are required.
• Fees:
o ACH Block Authorization Monthly Per Account: $10.00
o ACH Block Set-Up: $5.00
o ACH Filter Authorization Monthly Per Account: $10.00
o ACH Origination Chargeback/Creditback: $10.00
o ACH File Reversal Charge: $35.00
o ACH Filter Per Item: $1.00
o ACH Filter Set-Up: $5.00
o ACH Origination Reversal: $30.00
34
o ACH Stop Payment Per Request: $30.00
o Direct ACH Monthly: $25.00
o Direct ACH Set-Up Fee (SFTP): $150.00
o EDI Reporting Charge Per Transaction: $1.00
o EDI Reporting Service Maintenance Per Month: $50.00
o EDI Reporting Setup Fee: $100.00
o Item Reversal Charge : $20.00
o Notification Of Change: $2.00
o Return Per Item Charge: $10.00
o Next Day ACH Origination (Credit or Debit) Per Item: $0.20
o Same Day ACH Origination (Credit or Debit) Per Item: $1.00
o Standard ACH Origination Per Item: $0.20
o Standard ACH Received (Credit or Debit) Per Item: $0.20
• A complete schedule of other account related fees can be found on the Business Schedule
of Fees and Account Analysis Schedule of Fees.
Bill Pay
Bill Pay allows bills to be paid from an account through Online and Mobile Banking. Payments to
billers outside of the United States or its territories are prohibited through the service. F&M Bank
does not provide Bill Pay directly, but through the service provider, CheckFree Services
Corporation, a Fiserv subsidiary. Online Banking fees are as follows, unless identified differently as
part of an account’s individual features, and automatically deducted from the account. Fees
deducted will appear on the account statement.
• Fees:
o Paid Return Item Fee*: $30 Per Return Item
o Reissue Draft*: $30 Per Draft Item
o Stop Payment Draft Per Request: $30.00
o Overnight Delivery Draft*: $17.50 Per Draft Delivery Request
o Same Day Electronic Bill Payment: $12.95
*Fee assessed through CheckFree Special Services for processing any special transaction requirements or
providing additional service beyond bill processing. This fee is separate from any stop payment, overdraft,
Bounce Protection
SM
, or return item fee charged by F&M Bank.
A complete schedule of other account-related fees can be found on the Business Schedule of Fees
and Account Analysis Schedule of Fees.
35
Business Online Banking
• Manage multiple accounts with a single sign-on
• Multiple Log-In IDs
• Access statements and notices (view and print capability)
• Access account history up to 180 days (view, print, and export capability)
o Export Options: Spreadsheet (xls – Microsoft® Excel); Spreadsheet (csv – Comma
Separated Values); Microsoft® OFX (ofx – Open Financial Exchange); Quicken®
(qfx – Intuit Web Connect and Direct Connect), and Quickbooks® (qbo –
QuickBooks Online).
• Access check images (view and print capability)
• View deposited items and deposit slips
• Check account balances
• Pay Bills
• Transfer funds between F&M accounts
• Reorder checks
• Request a Stop Payment
• Fees:
o Business Online Banking Access: No Charge
o Up to three Log-In IDs; $5 for Each Additional Log-In ID
o Check Orders: Varies Depending on Account and Check Type
o Stop Payment Online Per Request: $15.00
• A complete schedule of other account-related fees can be found on the Business
Schedule of Fees and Account Analysis Schedule of Fees.
Business Online Banking with Cash Manager
In addition to services available through Business Online Banking, the following are available to
Cash Manager Clients:
• Multiple Log-In IDs
• Account reconciliation
• Manage multiple business accounts based on ownership
• ACH Origination
• Ability to manage employee access levels
• Originate electronic fund transfers
• Initiate domestic, international, and foreign exchange (FX) wire transfers
• Pay bills using electronic payment services via automated clearing house (ACH)
processing
• Pay federal and state taxes
• Positive Pay
• Remote Deposit Capture
• Fees are as follows, unless identified differently as part of an account’s individual
features, and automatically deducted from the account and appear on the account
statement:
• $50 Per Month
• ACH Item Origination: $0.20 Per Item
• ACH Origination Chargeback: $10.00 Per Item
• Same Day ACH Origination: $1.00 Per Item
• Request for ACH Transaction Reversal: $30 Per Item
36
• Stop Payment Online Per Request: $15.00
• Check reorder styles may be limited and fee depends on check type
• Wire Transfers:
o $15 per OLB Outgoing Domestic Wire – eNotice
o $25 per OLB Outgoing Domestic Wire – Mail Notice
o $15 per OLB Outgoing International Wire* - eNotice
o $25 per OLB Outgoing International Wire* - Mail Notice
*All International Wires must be sent through a corresponding bank in US funds. No foreign
currency wires are accepted through Online Banking. International USD via US Correspondent
Bank is for Commercial Purpose Only.
• A complete schedule of other account-related fees can be found on the Business
Schedule of Fees and Account Analysis Schedule of Fees.
Mobile Banking
Mobile Banking is available to personal and business clients.
Mobile Banking allows access to your F&M accounts from your mobile device through an online
web browser, downloadable mobile banking application or text messages (SMS) depending on your
preferences and your device capabilities. You can view account balances, pay bills, deposit
checks, search recent account activity, transfer funds between eligible accounts, and find the
nearest ATM or F&M Bank Office. In addition, Business Mobile clients can approve dual control
wires and ACH transactions.
F&M Bank does not charge for this service, however, your wireless carrier may charge you fees
related to this service.
Mobile Check Deposit
Deposit checks from your mobile device into one of your F&M accounts with Mobile Check
Deposit.* Take a photo of your check, enter the check information and securely submit your deposit
for processing** with the F&M Mobile Banking app on your iPhone,
®
iPad,
®
select iPod touch
®
devices that support camera functionality, or Android™ smartphone.
You must enroll in F&M's Mobile Banking to register for Mobile Check Deposit. F&M Bank does not
charge for this service, however, your wireless carrier may charge you fees related to this service.
*Certain eligibility requirements apply.
**Availability of deposited funds is based on F&M Bank hold policies. Deposits are subject to verification
and are not available for immediate withdrawal. Deposit limits and other restrictions apply.
Text Banking
Text Banking gives you access to your accounts via text (SMS) messages on your mobile device.
View F&M account balances or recent account history by sending a text command to a short code.
You must enroll in F&M's Online Banking and Mobile Banking to register for Text Banking.
37
F&M Bank does not charge for this service, however, your wireless carrier may charge you fees
related to this service.
Overdraft Options
For personal accounts, F&M Bank offers Sweep-Transfer Services and Bounce Protection.
We encourage all clients to manage their finances responsibly. Excessive usage can
potentially result in significant fees and be costly.
Positive Pay
Positive Pay is a transaction management system that encompasses Check Positive Pay, ACH
Positive Pay, and full account reconciliation to provide clients with a powerful fraud prevention tool
focused on the transaction management needs of business clients. A separate application package
and an Analyzed Business Checking Account are required.
• Fees:
o Check Positive Pay Service Per Account, Per Month: $30
o ACH Positive Pay Monthly, Per Account: $30
o Check Positive Pay with Payee Match Monthly, Per Account: $30
o Positive Pay Bundle Monthly Per Account (ACH Positive Pay and Check Positive
Pay with Payee Match): $70
• A complete schedule of other account-related fees can be found on the Business
Schedule of Fees and Account Analysis Schedule of Fees.
Pre-Paid Gift Cards
Mastercard® Pre-Paid Gift Cards are available to F&M Bank clients only. The card may be used to
obtain goods or services wherever the card is honored. The card has no cash value and cannot be
used to purchase another gift card, returned for a cash refund, or used to obtain cash by any
means, including at an ATM or merchant, or for illegal transactions or online gambling activity.
Maximum load per card is $1,000 and the card cannot be reloaded. Cards are disposable. Free
access to check the balance is available. A full or limited history of account transactions may also
be obtained. Valid in U.S. territory only.
• Fees:
o MasterCard® Pre-Paid Gift Card Activation Per Card: Up to $6.95
o Inactivity Per Month (After 12 Consecutive Months Of Inactivity: $4.95
o Replacement Of Lost Or Stolen Card: $8.00
• A complete schedule of other account-related fees can be found on the Personal Schedule
of Fees, Business Schedule of Fees and Account Analysis Schedule of Fees.
Remote Deposit Capture (RDC)
Checks can be scanned at a client’s location and an electronic deposit sent to the bank via a secure
connection. Using this service, clients receive an email confirmation with each deposit. A separate
application package and an Analyzed Business Checking Account are required.
38
• Fees:
o One Time Set-Up Per Location: $150.00
o Rental Fee Per Month (Scanner Plus Maintenance): Varies
Single Feed Scanner: $25.00
Multiple Feed Scanner: $50.00
o Monthly License (Up To 2 Licenses): $35.00
o Monthly (Licenses In Excess Of The First 2): $20.00
o Check Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check: $0.15
Non-F&M Item: Transit Item Per Check: $0.15
o Bundled RDC Per Item Charges (Scanning And Transmitting): $0.15
o A complete schedule other account related fees can be found on the Account
Analysis Schedule of Fees.
*Rental fee is based on the selection of a specific scanner type. The scanner model and type may vary.
Fees vary based on the scanner model selected by the client from the list of scanners offered. Rental
includes a 36 month service contract, which includes 24 hour emergency replacement. The service contract
will terminate in 36 months from the date the rental commences. At the end of such termination period, the
scanner may be retained by the client with continuation of the rental fee. However, it will be the responsibility
of the client to purchase an extended service contract directly from the vendor of the scanner if additional
service coverage is desired. Alternatively, the client may request from the Bank a replacement scanner by
giving 30 day advance notice request to the Bank. The Bank will order a new scanner selected by the client
from the list of scanners offered which is subject to future modification based on technology changes and
availability. If available, the Bank will also order a service contract, which includes 24 hour emergency unit
replacement. Monthly rental fees are quoted when the replacement unit is ordered.
Check Image Letter / Check Image Deposit / x9.37
Check Image Deposit is a Remote Deposit Service for clients with large check volume or special
circumstances. Image deposit files can be created at remote locations using software provided by
a third party service provider. These image files are transmitted to the bank via a secure
connection. A separate application package and an Analyzed Business Checking Account are
required.
• Fees:
o One Time Set-Up: $100.00
o Monthly (If Less Than 2,000 Items Processed Per Month): $100.00
o Check Image Scanned And Provided Electronically
On-Us Item: F&M Drawn Item Per Check: $0.08
Non-F&M Item: Transit Item Per Check: $0.08
• A complete schedule of other account related fees can be found on the Account Analysis
Schedule of Fees.
Safe Deposit Boxes
Safe deposit boxes provide protection for valuables and important documents. The contents of safe
deposit boxes are not FDIC insured. Safe deposit boxes are available at all F&M Bank Offices,
except the Newport Beach and Santa Ana-Main Offices.
• Fees:
o Pricing for standard boxes varies from $25 - $300 per year based on size. A $10 late
fee will be assessed for payments received more than 14 days after the due date.
39
o A complete schedule of other account-related fees can be found on the Personal
Schedule of Fees, Business Schedule of Fees and Account Analysis Schedule of
Fees.
Smart Safes
F&M Bank’s Smart Safes provide a safe, secure and accurate system for high volume, cash-
intensive clients. It optimizes cash flow by securing cash quickly and reducing both internal and
external theft by eliminating touch points. Smart Safes provide cash counting, validating and
immediate securing of cash within a locked vault on the client’s premises, which can be purchased
or leased. There are three basic components: the physical safe, cash management system, and
same-day credit from the Bank. Smart Safes include advanced bill recognition technology, which
rejects suspected counterfeit currency at point of sale. By adding the cash management system
along with a Smart Safe, the clients can be provided real-time cash flow and deposit information
through wireless technology. Functionality of the cash management system includes remote
diagnostics; system updating and support; consolidated visibility of all locations within a client’s safe
network; and consolidated cash management reporting with standard and custom/self-building
reports. Following validation, the cash will be delivered to the Bank. A separate application
package and an Analyzed Business Checking Account are required.
• Fees:
o Smart Safe Deposit Correction Notice: $5.00
o Smart Safe Setup Fee: $100.00
o Smart Safe Service Per Unit Per Month: $50.00
• A complete schedule of other account-related fees can be found on the Business Schedule
of Fees and Account Analysis Schedule of Fees.
Telebanker
Account and Bank information is available 24 hours a day through our free telephone banking
access, Telebanker. Your phone carrier charges may apply.
Toll free (855) 416-5747
Long Beach (562) 495-7708
Los Angeles County (310) 491-1714
North Orange County (714) 636-2618
South Orange County (949) 855-8777
• Fees:
o Telebanker Stop Payment: $15 per Request
Trust Services
Through an affiliate company, Farmers and Merchants Trust Company, the Bank offers full Trust
Services. Farmers and Merchants Trust Company has offices in Laguna Hills, Long Beach, Santa
Barbara, and Torrance. Fees are determined by Farmers and Merchants Trust Company.
40
USA PATRIOT Act and Beneficial Ownership Disclosures
USA PATRIOT Act
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
• When you open an account, we will ask for your name, address, date of birth, and other
information that will allow us to identify you.
• We may also ask to see your driver's license or other identifying documents.
Beneficial Ownership
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight
against crimes to evade financial measures designed to combat terrorism and other national
security threats. EACH time an account is opened for a covered Legal Entity, we are required to ask
you for identifying information (name, address, date of birth, social security number as well as
identification documents) for:
• Each individual who has beneficial ownership (25% or more); and,
• One individual who has significant managerial control, of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the
appropriate documentation and to certify that this information is true and accurate to the best of
your knowledge.
41
Investment Services – Not FDIC Insured
F&M Bank offers investment services to Bank clients, which are not insured by the FDIC, is not a
deposit or other obligation of, or guaranteed by, the depository institution; and may be subject to
investment risks, including possible loss of the principal amount.
Through the Investment Department, U.S. Treasuries (Bills, Notes, and Bonds), Agencies,
Mortgage-Backed Securities, Repurchase Agreements, and Mutual Fund Sweep Accounts can
be obtained.
U.S. Treasuries (Bills, Notes, and Bonds), Agencies, and Mortgage-Backed Securities
• U.S. Treasuries are not FDIC insured.
• Minimum purchase
o Treasury Bills: $10,000
o Treasury Notes: $5,000
o Treasury Bonds: $5,000
o Agencies: Varies By Individual Security Requirement
o Mortgage-Backed Securities: Varies By Individual Security Requirement
• Fees:
o Treasuries Bought at Scheduled Auction: No Charge
o Market Transactions (Buys/Sells): $40 Per Trade
o Printed Statements: Four quarterly statements are provided at no charge.
Additional copies cost $4 per statement.
• Additional Terms and Conditions apply and can be obtained from the Investment
Department.
Repurchase Agreements
• Repurchase Agreements are not FDIC insured.
• They are backed by the market value of the Bank owned securities used as collateral
for the purchase.
• A Repurchase Agreement is a non-deposit investment account allowing Bank clients
to purchase Bank owned securities with the agreement that the Bank will repurchase
those securities at a later date.
• The repurchase price is greater than the original sales price with the difference
effectively representing interest (“repo rate”).
• Minimum to open:
o Standard Repurchase Agreement: $100,000
o Sweep Repurchase Agreement: $0.01
o The account activity is based on maintaining a set threshold balance in the related
Bank account. The threshold amount is based on analysis of account activity and
is subject to annual review.
• Additional Terms and Conditions apply and can be obtained from the Investment
Department.
FMB.com
Effective 4/1/24
Member
FDIC
42
Mutual Fund Sweep Accounts
• M
utual Fund Sweep Accounts are not FDIC insured and may lose value.
• A
Mutual Fund Sweep Account is a non-deposit investment account, which allows
c
lients to invest funds in money market mutual funds.
• T
he investment account is linked to an existing Bank checking account, which has a
threshold target balance. Each day, all funds over the threshold target balance are
aut
omatically swept to the investment account and used to purchase the mutual fund
s
ecurity.
• Minimum to open: $0.01
• T
he account activity is based on maintaining a set threshold balance in the related
B
ank account. The threshold amount is based on analysis of account activity and is
s
ubject to annual review.
• I
ncome on the Mutual Fund Sweep Account is based on the performance of the fund,
wh
ich is declared daily and paid monthly.
• A
dditional Terms and Conditions apply and can be obtained from the Investment
Department.
