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Private Banking Checking Account
F&M’s Private Banking Checking Account is designed to meet the checking needs of qualified customers with features such as:
- Higher rates on Certificates of Deposit.
- Discounts on safe deposit boxes.
- No fee for cashier’s checks.
- Free notary services.
- Free Impact Check Card.
- No annual fee for Visa or MasterCard.
Private Banking Checking Account Fees
Account requires an opening balance of $500.00. No maintenance fee if a monthly balance of $1,000.00 is maintained; $15.00 fee per month if balance falls below $1,000.00.
Interest on Private Banking Checking Account
Account accrued daily and paid monthly, subject to change without notice. Rate paid on tier balances. Call us about our current tiered interest rates.
Private Banking Money Market Account
F&M’s Private Banking Money Market Account offers higher tiered interest rates than a traditional savings account.
Private Banking Money Market Account Fees
Account requires an opening balance of $1,000.00. No maintenance fee if a monthly balance of $1,000.00 is maintained; $10.00 fee per month if balance falls below $1,000.00.
Private Banking Money Market Transaction Limitations
Transactions are limited as follows:
- Teller transfers/withdrawals are limited to four (4) per month.
- Transfers/withdrawals to another account or preauthorized, automatic or telephone transfers/withdrawals are limited to three (3) per month and one (1) ATM transfer/withdrawal, or any combination of the above, not to exceed three (3) preauthorized, automatic or telephone transfers/withdrawals per month.
- Activity fee for exceeding withdrawal/transfer limit:
$15.00 per excess transaction. It is a regulatory requirement that accounts be closed for repeated violations of excessive withdrawal limitations. See account disclosure for more details.
Interest on Private Banking Money Market Account
Account accrued daily and paid monthly, subject to change without notice. Rate paid on tier balances. Call us about our current tiered interest rates.
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