Personal Account Fees & Limitations

Effective:11/07/2014
e-Connect No Maintenance Fees. Available for personal accounts only. Account requirements per month to obtain premium rate: 1 direct deposit, 15 ATM/Debit Card Transactions, 1 bill pay, & eStatements are required.
FMB Options Free Checking
FMB Options Plus $6.00 monthly Maintenance Fee
FMB Premium Options $10 monthly Maintenance Fee (waived if monthly aggregate balance of all FMB accounts is $5000 or greater)
Money Market Account $10 monthly Maintenance Fee & $.25 fee for each debit. (waived if average daily balance for the month is $2500.00 or greater) No more than 6 third party checks or a total of 6 transfers allowed per REG D.
Premium Money Market $50 monthly Maintenance Fee & $.25 fee for each debit. (waived if average daily balance for the month is $50,000 or greater) No more than 6 third party checks or a total of 6 transfers allowed per REG D.
Savings Account $4.00 monthly Maintenance Fee (waived if average daily balance for the month is $100 or greater). No more than 6 transfers per month allowed per REG D.
Super NOW Account $10.00 monthly Maintenance Fee & $.25 fee for each check (waived if average daily balance for the month is $1000 or greater).
Health Savings Account $2.00 monthly Maintenance Fee if you receive eStatements or $5.00 monthly Maintenance Fee if you receive paper statements - $50 External/Transfer Closing Fee

Commercial Checking Account Fees & Limitations

Business Analysis Checking $10.00 monthly Maintenance Fee. Earnings credit rate is based on the average ledger balance and will be equal to the Federal Discount Rate for Banks as published in the Wall Street Journal. Deposits - $.45, Checks - $.15, Auto Debit - $.15, Deposit Item On Us - $.05, Deposit Foreign Items - $.10, Return Deposited Check - $10.00. The charge on average overdraft balances will be equal to FMB Prime plus 1%.
Simple Business Checking $10.00 monthly Maintenance Fee (waived if average daily balance for the month is $500 or greater).  $.25 per item fee for exceeding 200 items per statement cycle.  This fee is retroactive to the first item on the statement. 

Miscellaneous Fees

ACH (Automated Clearing House) Transactions Commercial: Transfer from FMB to credit an account at another institution $5.00. Tax Payment $5.00. Processing Set Up Fee $50.00. Per File Origination Fee $10.00. Return Items & Notification of Change $7.00. Per Item Origination (Debits, Credits & Prenotes) $.25. Per Item Reversals (Debits & Credits) $1.00.
ATM Foreign Withdrawal $2.25 fee per withdrawal. Stated as "ATM FEE FOR FOREIGN" on Statement
ATM/Debit Card Replacement Fee $10.00
ATM/Debit Card Re-Encode Fee $2.00

Bill Pay Services through Online Banking

There is no charge for our regular bill pay service called Check Free.

New Add On Bill Pay services effective April 5th, 2012: PopMoney formerly known as ZashPay (person to person transfer) = $.50 per transaction, Overnight Check = $14.95 per transaction, Account to Account transfer (transfer between institutions $2.00 outgoing and free for incoming), Same Day bill pay = $9.95 per transaction.

Cashier's Checks $5.00 per cashier check for our customers, or free with aggregate YTD average balance of $2000 or more. One check per day free to customers with an FMB Options Plus or FMB Premium Options account. Not sold to Non-customers
Checkbook Reconciliation $28.00 per hour with a minimum charge of $12.00
Checks (Temporary) 8 at no charge when a customer reorders checks at the time of request. If checks are not ordered, the customer will be charged $.50 for each temporary check.
Checks (Traverler's Checks) $1.00 per $100.00 - Not sold to non-customers. Free to members of the FMB Options Plus, FMB Premium Options and members of the discontinued Winner, Classic Gold & Classic Gold Plus accounts. Checks for Two - $2.00 per $100.00. $.50 per $100.00 for members of the FMB Options Plus, FMB Premium Options and members of the discontinued Winner, Classic Gold, & Classic Gold Plus accounts.
Christmas Money Envelopes $.25 each
Coin Machine Non-Customer 12%
Collection items received $25.00
Collection items sent $25.00
Deposit Bags (Night Deposit Bags) $35.00 fee for the bag and one key to the night depository. Each additional key $10.00.
Deposit Bags (Regular Zipper Bags) $5.00
Deposit Verification Fee $5.00
Dormancy Fee DDA balances under $500 and 6 months inactive is $5.00 per month dormant fee. Savings balances under $100 and 6 months inactive is $5.00 fee per month dormant fee. (Shown as "Maint/Dormant Fee" on statement)
Early Account Closing If checking or savings account is closed by the customer within the first 90 Days from the opening date - $15.00
Fax Service FMB will provide a fax service to customers at a charge of $3.00 1st page and $1.50 each additional page and $5.00 1st page and $2.00 each additional page for non-customers.
Forced Account Closing $30 fee to any checking account with a negative balance that is closed by the bank due to insufficient funds or fraudulent activity.
Forced Entry to Safe Deposit Box or Lost Keys $148 per occurrence
Garnishments $100.00 charged to the garnished account
Levies $100.00 charged to the account from which it was levied
Lockbox Service Monthly Maintenance Fee $90.00. Transaction Processing Fee - $.25 per deposited check and $.45 per deposit ticket. Yearly Post Office Box amount paid monthly as determined by the box size chosen and subject to change by the US Postal Service.
Merchant Check Capture Services

Deposit Only Customer -$65 Monthly.  Deposit/Loan Customer - $50 Monthly.  Scanner Purchase - $299.00 Single Feed Scanner or $529.00 CR50 CPM Scanner (Ink Cartridge - $18.95)  Additional onsite technology support or training after initial set up $150 per hour.

Money Orders $3.00 each for amounts of $1 to $1000. Customers with FMB Options Plus or FMB Premium Options are free. Not sold to non-customers.
Notary Fee Free to customers. Service not provided to non-customers.
Photo Copies First 3 copies free for FMB Options Plus, FMB Premium Options account holders. All others, $.50 per copy.
Research $28.00 per hour, minimum charge of $12.00.
Returned Deposit Item $9.00 per deposited check returned on personal and $10.00 per deposited check returned on business accounts.  Effective January 31, 2015 these fees will be increasing from $9.00 to $10.00 on personal accounts and from $10.00 to $12.00 on business accounts.
Statement (Instant) $4.00 per account print out
Statement Special cycle $10.00
Stop Payment $25.00 in person or by phone. $15.00 if set up through the online banking.  Effective January 31, 2015 these fees will be increasing to $30.00 in person or by phone and $20.00 through the online banking.
Subpeona/Production of Documents $350.00 retainer up front with unused portion refunded to the requestor. $25.00 per hour. $10.00 minimum, $2.00 per item charge for items reproduced from archival and $.25 per item for reproduction of items not yet archived.
Transfer Fee (Telephone Request) $5.00 per customer transfer request. No charge for Telephone Banking and MoneyPass transfers.
Transfer Fee (Pre-Authorized) AKA Sweep $6.00 per occurrence to cover overdraft from one account to another. This service is not related to our Overdraft Privilege.
Uncollected Funds $30.00 returned uncollected fee per transaction presented for payment while account has hold against funds.
Wire Transfers Domestic - $17.00 incoming wire fee, $25.00 outgoing wire fee. Not available for Non-Customers

Foreign - $60.00 for FMB Customers. Not available for Non-Customers.

Overdraft and NSF Fees for DDA and Savings Accounts

The categories of transactions for which an overdraft fee may be imposed are: overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means as applicable, such as ACH and recurring debit card transactions. These categories are also included in the insufficient funds items which may be paid or returned.

NSF Returned Item Fee $30.00 returned item fee for each insufficient funds item returned and not paid.
NSF Paid Item Fee $30.00 for each insufficient item paid creating an overdraft balance.
Overdraft Fee Daily charges of $6.00 to account with negative balances beginning on the 4th business day.

Additional Categories of Transactions for Which an Overdraft Fee May Be Imposed Are: 

The Addtional categories for which a fee may be imposed for ATM withdrawals and everyday Debit card transactions applies only to those customers who have signed an "Opt-In" form to the availability to overdraw with these types of transactions.  The charges for these items are:

NSF Paid Item Fee - $30.00 for each insufficient item paid creating an overdraft balance.

Overdraft Fee - Daily charges of $6.00 to an account with a negative balance beginning on the 4th business day.

NON-CUSTOMER FEES:

ATM Fee $3.00
Check Cashing/Cash Advance Service Fees State or Federal Tax Refund Check $5000 or less - One-Time Set-up Fee $25 and 5% fee or a minimum $10 fee for each check cashed after the initial set up.  Payroll, Government or State Check $1500 or less - One-Time Set-up Fee $25 and 5% or a min $10 fee for each check cashed after the initial set up. 

 

Farmers & Merchants Bank

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