Farmers & Merchants Savings Bank


A Credit Card Can Be a Good Tool For You to Use to Manage Your Finances

Image result for credit card graphic

Not everyone is comfortable with a credit card, but with proper usage a credit card can be a good tool for you to use to manage your online purchases and finances and to have for emergencies.

Consider this:  Each week we hear from bank customers that used their debit card to make online purchases.  Why are they calling us?  Because they noticed fraudulent activity on their checking account.   In several of these cases, we can tie charges back to where their debt card was used to make online purchase(s).   Once identity thieves have this information it compromises your checking account and can run rampant for months if you don’t review your checking account daily through internet banking or review your monthly statement.  This can lead to hundreds of dollars of unauthorized charges.  Unfortunately, we see it all the time.   

A debit card is a great tool for you to utilize as you shop local, but the better alternative for online purchases is a credit card.   A credit card from Farmers & Merchants Savings Bank has multiple layers of cardholder protection so you can feel confident when you use it.

  • Chip Card Security
  • Zero Fraud Liability
  • Fraud Monitoring
  • Fraud Email and Text Alerts
  • Identity Theft Assistance

You can review your charges daily by calling the customer contact center 24/7 or through your monthly billing.  Either way the card security is there to help protect you from unauthorized charges and identity thieves.

Afraid your credit card balance might grow on you and get out of hand?  Yes, that can happen.  Here is some good advice.   Never make a charge on a credit card unless you can pay it in full each month.  It might be tempting to just pay the monthly payment, but your goal should be to pay it in full each month.  That way your balance never gets out of hand and you have improved your credit score because you have a low debt to credit limit ratio.  Want to know more?  Visit with any of the bank’s loan officers.  They can educate you on what it takes to get and maintain a great credit score and answer your questions on how a credit card can be an effective tool in managing your online purchases and finances. 

Apply for a FMSB Consumer credit card here!


Cash in on These Banking Tips!

We give you the inside scoop on how you can save big $$$ as you do your banking!

  1. Sign up for internet banking and verify your checking account transactions each day.   Internet fraud and identity theft is prevalent and each week we work with customers who have had their debit card information stolen and have fraudulent charges on their checking account.    Catching these transactions early can save you money and put the thieves out of business.  Sign up here!
  2. Sign up for eAlerts.  eAlerts help monitor your checking account activity and can let you know when your account balance is getting low avoiding potential overdraft fees.  Click here to learn more about eAlerts
  3. Can’t make it to the bank during regular hours?   With mobile deposit you can deposit your payroll or other check from wherever you are and at any time.  Learn more about Mobile Deposits
  4. If you can’t make it to the bank before closing time, make deposits with your ATM card and receive credit for current day’s deposits made up to 6:00 PM.  You could earn interest on deposits a day earlier and avoid potential transfer or overdraft fees.  Click for more information
  5. Check with us to see what age you are considered a senior.  For those who meet the age requirement, your monthly checking account fees are waived.
  6. If you are still attending school, take advantage of our student checking account.  As long as you remain in school your monthly checking account fees are waived
  7. Keep your address current with us.  Not only will you receive your notices more quickly, but you will avoid a service fee to your account when items are returned from the post office because of no forwarding address.
  8. Did you realize that funds on deposit are considered unclaimed or inactive when there have been no transactions or contact made with the owner of the funds for three years?   When this happens, account proceeds are turned over to the State of Iowa.  To avoid this, make one transaction on each of your bank accounts every year and be sure to keep your address current so that we may notify you before this happens.


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