REWARDChecking

Take free to a whole new level — free checking that pays. Earn high interest, while receiving refunds on ATM fees nationwide*. Plus, there's no minimum balance required to earn your rewards.

Even get free online banking and bill pay for extra convenience. So why settle for just "free" checking? REWARDChecking makes more out of your hard-earned money.

Summary
  • 1.25% APY* on balances up to $25,000
  • 1.25% to 0.31% APY on balances over $25,000 depending on balance in account*
  • 0.07% APY* on all balances if qualifications aren't met
  • Nationwide ATM fee refunds up to $25 per month ($5 per single transaction)*
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking and bill pay
  • Free e-Statements
  • Free Visa CheckCard
  • Free mobile banking available
  • Discount of 0.25% on your F&M bank personal loan**
  • $100 minimum deposit to open

Qualifications

To earn your rewards, simply do the following transactions and activities in your checking account each monthly qualification cycle: 

  • Have at least 1 direct deposit or 1 ACH auto debit transaction post and settle
  • Have at least 12 signature-based Check Card purchases post and settle***
  • Access online banking
  • Receive e-statements


*APY=Annual Percentage Yield. APYs accurate as of 04/03/2014. Rates may change after account is opened. Minimum to open is $100 for REWARDChecking. For REWARDChecking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($5 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 1.25%; and (3) balances over $25,000 earn 0.07% interest rate on the portion of the balance over $25,000, resulting in a range of 1.25% to 0.31% APY depending on the balance. If qualifications are not met on REWARDChecking all balances earn 0.07% APY. Qualifying transactions must post and settle to the REWARDChecking account during monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. "Monthly Qualification Cycle" means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. The advertised REWARDChecking APY is based on compounding interest. Actual interest amount paid may be less than advertised REWARDChecking APY. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings.


**Discount of 0.25% applies to the Annual Percentage Rate (APR) at the time of application. Payment must be automatically debited from an F&M Bank checking account. Loan discounts do not apply to residential mortgages or all types of loans and are applicable for new loans only. Some restrictions apply. All offers subject to credit approval.


***Have at least twelve (12) Visa Check Card signature-based purchases post and settle during the qualification cycle (excludes PIN POS/ATM transactions). Check Card transactions processed by the merchant and received by the bank as ATM processed transactions do not count toward qualifying Check Card transactions. Only Check Card transactions processed by the merchant and received by the bank as POS (Point of Sale) transactions count toward qualifying Check Card transactions. PIN based transactions do not count towards qualifying Check Card transactions. Transfers between accounts do not count as qualifying transactions.