Banking for Businesses

Business

Minimum balance required to open this account is $500. There is a $10 monthly maintenance with a 15¢ per item credit fee and 15¢ per item debit fee. Checks images are returned monthly.

 

Small Business Checking

Available to sole proprietorships and single member LLCs. Minimum balance required to open this account is $250. There is a $3 monthly maintenance fee. The first 50 debit and credit items are free. Each item over 50 is 25¢.
GoDirect

 

Money Market Accounts

Minimum balance to open this account is $2,500. There is a $10 monthly service charge if the balance falls below $2,500. Interest is compounded daily – paid monthly. No interest earned on balances of less than $1000. $1 per withdrawal in excess of 6 checks per monthly cycle. (Federal regulations limit transfers/withdrawals to six per calendar month.)

Click Here to see our current rates.

 

Savings Accounts

Minimum opening balance is $100. No interest is accrued if your balance falls below $250. Fees could reduce the earnings on the account.

Click Here to see our current rates.

All rates are subject to change at management’s discretion.

Visit an F&M Bank office near you to set up your own checking or savings account.