Fees, Rules, & Regulations

Fees, Rules, & Regulations

ATM Card

Savings Account - Monthly Fee = $1.00

ATM/CheckCard

Visa Payroll Account - Monthly Fee = $1.00

Replacement Card - Per Card = $5.00

Cashier's Check

Per Check = $5.00

Check Cashing

Non-Customer - Variable

Check Printing

Variable

Closed Account Fee (closed 90 days from opening)

$25.00

Collection Items

Domestic - Per Item Incoming = $15.00

Domestic - Per Item Outgoing = $20.00

International - Per Item = $15.00

Documentary - Per Item = $100.00

Counter Check Fee

$ 0.50

Deposit Bags

Locked - Large Per Bag = $25.00

Locked - Small Per Bag = $20.00

Zipper Per Bag = $5.00

Dormant Account

Monthly Fee = $10.00

Garnishing Processing

$25.00

International Remittance Draft

$30.00

Medallion Signature

$2.00

Mortgage Verification of Deposit

$10.00

Non-Sufficient Funds (NSF) Items - Premier Free Checking

Paid Overdraft Fees - Per Item = $32.00

Returned Item Fees - Per Item = $32.00

Non-Sufficient Funds (NSF) Items - Rewards Checking

Paid Overdraft Fee - Per Item = $32.00

Returned Item Fees - Per Item = $32.00

Non-Sufficient Funds (NSF) Items - Free Small Business

Paid Overdraft Fees - Per Item = $32.00

Returned Item Fees - Per Item = $32.00

Non-Sufficient Funds (NSF) Items - All Other Accounts

Paid Overdraft Fees - Per Item = $32.00

Returned Item Fees - Per Item = $32.00

Notary

$1.00

Overdraft Balance Fee

Per 5-day period that an account is overdrawn over $50, while it remains open = $15.00

Overdraft Transfer Fee

Per Transfer = $10.00

Photocopy

Per Page = $1.00

Postdated Order

Per Item = $27.50

Research & Account Reconciliations ($6.25 Minimum)

Per Hour = $25.00

Returned Deposited Item

Charged Back - Per Item = $5.00

Reprocessed - Per Item = $5.00

Safe Deposit Boxes*

2" x 5" x 22" - Annually = $20.00

3" x 5" x 22" - Annually = $25.00

5" x 5" x 22" - Annually = $30.00

3" x 10" x 22" - Annually = $45.00

5" x 10" x 22" - Annually = $60.00

10" x 10" x 22" - Annually = $100.00

5" x 15" x 22" - Annually = $100.00

13" x 21" x 22" - Annually = $275.00

26" x 21" x 22" - Annually = $375.00

39" x 21" x 22" - Annually = $500.00

Key Deposit - 2 Keys = $10.00

Safe Deposit Box Drilling - Lost Key = $150.00

Safe Deposit Box Drilling - Non-Payment = $200.00

*Not all sizes are available at all locations. The contents of a safe deposit box are not FDIC-insured.

Special Statement

Per Statement = $5.00

Stop Payment

Per Item = $32.00

Telephone Transfer

Per Transfer = $3.00

Travelers Cheques

Single - Per $100 = $1.00

For Two - Per $100 = $1.50

Undeliverable Statement Fee**

**One-time charge upon return of second undeliverable statement = $75.00

Visa Gift Card

Per Card = $5.00

Wire Transfers - Incoming

Domestic - Per Wire = $12.00

International - Per Wire = $15.00

Wire Transfers - Outgoing

Domestic - Per Wire = $16.00

International - Per Wire = $40.00


For International Collections/Drafts contact the International Department at (918) 748-4123.


Service fees are subject to change at the sole discretion of F&M Bank. Unless otherwise noted, The F&M Bank & Trust Company ("F&M Bank") does not provide the aforementioned services to non-customers.

Rules and Regulations

Subject to modification by F&M Bank

All accounts shall be subject to the provisions of the signature cards, on which each depositor shall file his or her signature, together with the rules and regulations (including service charges, fees and interest rates payable) which may be amended, altered, modified, revoked or added to any time without prior notice to depositors. F&M Bank reserves the right to require seven (7) days prior notice of withdrawal on all savings and money market accounts. (The rules and regulations shall be regularly available at F&M Bank's offices during normal business hours.)

Interest

The interest rate is based upon current market conditions and money market funds rates. At our discretion, we may change the interest rate and annual percentage yield (APY) on your account at any time. We use the daily collected balance method to calculate interest on your account. This method applies a daily periodic rate to the collected principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. checks). Accrued interest will not be paid when you close your account or when it has a zero balance before that interest has been credited to the account. Current rate information is available in the lobbies or you may call us for rate information.

Endorsement Rules

You are responsible for, assume all liability, and waive any and all claims and damages against The F&M Bank & Trust Company. (1) For delayed or mis-sent checks in the event the delay or mis-sending is caused by markings placed on the check by you, your agent or representative that obscures a properly placed endorsement of a depository bank. (2) For late return of deposited checks where the lateness is caused by markings on the checks by you or by a prior endorser in the area of The F&M Bank & Trust Company endorsement.

Postdated Checks

F&M Bank will not be liable to you for damages arising from the premature payment of a postdated check, unless you have provided F&M Bank with notice of the postdating describing the check with reasonable certainty. In order for the notice to be effective, it must be received at such time and in such manner as to afford F&M Bank a reasonable opportunity to act on it before taking action with respect to the check.

Overdrafts

If your account does not contain sufficient collected funds when an item is presented for payment, we have no obligation to pay an item and may at our option pay or reject it and charge you a fee. Returned deposited items may also create an overdraft to your account for which we will charge you a fee. When there are insufficient funds to pay all items presented for payment on a given day, F&M Bank may pay one or more items in any order in its sole discretion. We may pay items cashed by F&M Bank and ATM transactions first and pay all other items in order of highest dollar amount to lowest dollar amount. F&M Bank may return any dishonored items in any order we deem appropriate. We may change our procedures for establishing the order of payments and return of items at any time without notice to you.

Definitions

Calendar Quarter - A three-month interval ending March 31, June 30, September 30 and December 31.

Collected Balance - Derived after all transactions have been posted to your account, but includes only those funds which actually have been collected by us.

Dormant Account - A dormant account is defined as any account without activity initiated by the customer and the customer's current address is unknown by F&M Bank for one year.

Ledger Balance - Derived after all transactions have been posted to your account, regardless of whether the funds you deposited actually have been collected by us.

Reserve Requirement - The percent of a bank's deposits that it must maintain with the Federal Reserve Bank and subject to change at the Federal Reserve Bank's discretion.

Funds Availability

Your ability to withdraw funds.

Our general policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 6:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Even when we have already made funds available for withdrawal, you are responsible for any problem with the deposit, such as the return of a deposited check.

Rules for outgoing wire transfers, investments, loan payments and on-line computer services

Your check deposits generally will be made available within two business days after the day of deposit for purposes of outgoing wire transfers, investment activities, F&M Bank loan payments and certain computer initiated transactions (please refer to your Online Computer Services agreements).

Holds on other funds

If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Likewise, if we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately, but delay your ability to withdraw a corresponding amount of funds that you have on deposit in another account with F&M Bank. In either case, these funds will be available in accordance with our policy described in this disclosure for the type of check which was cashed or deposited.

Deposits at Automated Teller Machines (ATM)

Funds from any deposits (cash or checks) made at automated teller machines we do not own or operate will not be available until the fifth business day after the day of your deposit.

Longer delays may apply

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposits will be available on the first business day.


If we are not going to make all of the funds from your deposits available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.


If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe a check you deposit will not be paid.
  • You deposit checks totaling more than $5,000 on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of communications or computer equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

New Accounts

If you are a new customer, the following special rules may apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, travelers, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than U.S. Treasury checks) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available no later than the seventh business day after the day of your deposit.