Hand writing a check

Personal Checking

Explore our Personal Checking options below, where you can find a variety of tailored checking account options designed to meet your unique financial needs.

Eastern Iowa and Minnesota Personal Checking Account

From Rewards Checking with higher interest rates, to specialized accounts like Regency Club Checking for those over 50 years old, Student Checking for full-time Students, and Health Savings for tax-efficient healthcare spending - our diverse offerings cater to every stage of life.

Rewards Checking Regular Checking Check Plus Now Checking Regency Club Checking Student Checking Health Savings
Summary This account offers a higher interest rate when qualifications are met. Basic Checking Account Club Account with many benefits for one low monthly fee. Interest bearing checking Club account for those 50 years or older and must maintain a minimum average daily balance of $5,000 in a deposit account or a minimum balance of $20,000 in a certificate of deposit. A checking account for full-time students Tax deferred earning and tax-free distribution for medical expenses
Minimum Opening None $100 $100 $1,000 None $10 $100
Minimum Balance to avoid service charge N/A $400 daily or
$1,000 average daily balance
N/A $1,000 average daily balance $5,000 Deposit Account or $20,000 CD N/A N/A
Monthly Service Charge N/A $8.00* (if balance falls below $400) Plan A: $8.50*
Plan B: $9.00*
(if balance falls below $1000)
N/A N/A Annual fee of $25.00
Interest Bearing Yes No Yes Yes Subject to account type No Yes
Interest Compounded and Credited Monthly N/A Variable rate on balances of $1,000+ Variable rate on balances of $1,000+ Subject to account type N/A Variable Rate
Unlimited Checking Writing Yes Yes Yes Yes Yes Yes Yes
Per-Check Charges No No No No No Yes No
Free E-Statement Yes Yes Yes Yes Yes Yes Yes
Free Debit Card Yes No Yes No Yes No No
Free Personalized Checks No No Yes No Yes No No
Additional Information Consult team member for eligibility details. N/A Fees waived on Cashiers Checks & Money Orders N/A Fees waived on Cashiers Checks & Money Orders. Discount on Safe Deposit Box. Enjoy Regency Club events & activities. A per item fee of $.20* will be charged for each paper debit transactions in excess of ten during a statement cycle. $25 Setup fee. $25 Termination Fee. Consult your health plan provider or tax preparer to see if you qualify.

* Plus Iowa sales tax where applicable
**This is a Variable Rate Account with the annual percentage yield (A.P.Y.) subject to change at anytime at our discretion.

Understanding Our Account Types

Discover the variety of checking accounts offered by Farmers & Merchants Savings Bank, tailored to fit different lifestyles and needs. From the Rewards Checking account with no minimum opening balance and the opportunity to ear a higher interest rate, to the Regency Club Checking designed for customers over 50 with exclusive benefits - each account has its unique features. Whether you're a student seeking a simple solution or someone looking for health savings with tax advantages, our range of accounts ensures there's an option for everyone.

Bank History and Milestones

Farmers & Merchants Savings Bank, established in Manchester, Iowa in 1925, has a rich history of growth and resilience. From surviving the Great Depression to innovating with a drive-up facility in 1974, the bank has consistently adapted to changing times while maintaining its commitment to the community. Notable events, like the ecological promotion in 1971 and major renovations in 1975, highlight F&M Bank's dedication to both environmental responsibility and providing top-notch banking facilities.
Two people smiling

Convenient Banking Services

F&M Bank is dedicated to providing convenient and accessible banking services. Our accounts come with a range of benefits like free e-statements, unlimited check writing, and various debit card and check options, catering to the diverse needs of our customers. With services tailored for different life stages and financial requirements, we ensure a seamless and hassle-free banking experience.

Commitment to Community

Rooted in the community, F&M Bank's journey reflects a deep commitment to serving and growing with the people of our communities. Our involvement in local events and initiatives, alongside our continuous evolution in banking services, demonstrates our dedication to the well-being and progress of our customers and the communities we are proud to serve.