Personal Checking

Whatever your style, Farmers & Merchants Savings Bank has the checking account to suit you

All checking accounts include:

  • Monthly account statements including images, eStatements available
  • Touchtone Banker provides convenient 24 hour access to account information
  • Online and mobile banking included with eServices
  • ATM/Debit cards offered to qualified accountholders.

Express Checking

Rich in benefits, this checking account is for those that maintain minimal balances in their checking account, write more than 10 checks per month, and like the conveniences of electronic banking, including eStatements.

Features and Benefits

  • Minimum deposit to open account: $100
  • Maintain a minimum average daily balance of $100 to avoid service charges
  • Unlimited transactions per service charge cycle
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: $5 plus Iowa Sales Tax as applicable
  • ATM/Debit Card Fee: $1/month/card

ePay Checking

Streamlined checking for those that prefer electronic banking and are inclined to use their Debit/ATM card or electronic BillPay services versus writing a paper check. Eliminates monthly ATM/Debit card fees and FMSB transaction fees for ATM withdrawals.

Features and Benefits

  • Minimum deposit to open account: $100
  • Maintain a minimum average daily balance of $500 to avoid service charges
  • Unlimited electronic transactions, 10 paper debits per month included
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: $5 plus Iowa Sales Tax as applicable
  • ATM/Debit Card Fee: FMSB card fees and surcharge fees waived. Other fees/charges may apply as disclosed at the ATM Terminal.

Regular Checking

Provides traditional checking benefits for those that tend to write more paper checks and want a paper statement. Additional benefits include reduced service charges for those that maintain a higher average balance. Seniors may be eligible for waived service charges.

Features and Benefits

  • Minimum deposit to open account: $100
  • Maintain a minimum average daily balance of $1,000 to avoid service charges
  • 20 debits per month included
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: $5 plus Iowa Sales Tax as applicable
  • ATM/Debit Card Fee: $1/month/card

Student Checking

Specially designed for students to provide the conveniences of electronic banking with the benefits of traditional banking. Available to qualified account holders.

Features and Benefits

  • Minimum deposit to open account: $100
  • No minimum balance to maintain
  • Unlimited transactions per service charge cycle
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: None
  • ATM/Debit Card Fee: FMSB card fees and surcharge fees waived. Other fees/charges may apply as disclosed at the ATM Terminal.

NOW Checking

Enhanced checking for those who generally carry a larger balance and are looking for interest income. Earn a competitive interest rate with the convenience of check writing.

Features and Benefits

  • Minimum deposit to open account: $1,000
  • Maintain a minimum average daily balance of $1,000 to avoid service charges
  • 20 debits per month included
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: $5 plus Iowa Sales Tax as applicable
  • ATM/Debit Card Fee: $1/month/card

HSA Checking

Special tax-qualified account for eligible individuals who have an established High Deductible Health Plan.

Features and Benefits

  • Minimum deposit to open account: $50
  • Maintain a minimum average daily balance of $500 to avoid Service charges
  • Unlimited transactions per service charge cycle
  • ATM/Debit Card available to qualified accountholders

Charges and Fees

  • Monthly Service Charge: $5 plus Iowa Sales Tax as applicable
  • ATM/Debit Card Fee: FMSB card fees and surcharge fees waived. Other fees/charges may apply as disclosed at the ATM Terminal.

Comparison of Checking Account Features

Feature Express Checking ePay Checking Regular Checking Student Checking NOW Checking HSA Checking
Minimum to Open $100 $100 $100 $100 $1,000 $50
Minimum Balance to Avoid Maintenance Fee1 $100 $500 $1,000 None $1,000 $500
Monthly Maintenance Fee1 $5 $5 $5 None $5 $7.50
Transaction Limitations per service charge cycle None Unlimited electronic transactions, 10 paper debits per month included 20 debits per month included None 20 debits per month included None
ATM/Debit Card $1/mo/card Included $1/mo/card Included $1/mo/card Included
Account Statements Monthly, images included, eStatements required Monthly, images included, eStatements required Monthly, images included, eStatements available Monthly, images included, eStatements available Monthly, images included, eStatements available Monthly, images included, eStatements required
Internet/Mobile Banking Included Included Included Included Included Included
Touchtone Banker Included Included Included Included Included Included
Safety Check2/Auto Transfer Available Available Available Available Available N/A

Iowa Sales tax charged as applicable

  • 1. a. b. ePay accounts are disclosed as a Minimum Balance Fee
  • 2. Available to qualified customers only.