F&M Perks Checking

F&M Perks Checking

Let F&M Perks Checking make your life a little better. This high-interest checking account offers a high APY* on top of ATM withdrawal fee refunds, nationwide*. There’s no minimum balance requirements. Plus, it’s easy to qualify!

Open your new F&M Perks Checking account today!

Please choose from one of the following options.
If you are an existing customer, please click “Open a New Account” when logged into online or mobile banking.


  • Checking account that pays high interest
  • Refunds on ATM withdrawal fees, nationwide (up to $10 monthly)*
  • No minimum balance to earn rewards
  • Free online banking
  • Free mobile banking
  • Free online statements
  • Free debit card
  • Unlimited check writing
  • $50 minimum deposit to open
  • $6.95 service charge (if qualifications are not met)

Current Rates

  • Balance
  • On balances up to $15,000
  • On balances over $15,000
  • All balances if qualifiers are not met
  • Rate
  • 0.40%
  • 0.12%
  • 0.05%
  • APY
  • 0.40%
  • 0.12%
  • 0.05%
On balances up to $15,0000.40%0.40%
On balances over $15,0000.12%0.12%
All balances if qualifiers are not met0.05%0.05%

It’s Easy To Earn Your Rewards

To earn your rewards, just do the following transactions and activities in your F&M Perks Checking with Savings II during each Monthly Statement Cycle:

  • Have at least 12 debit card purchases post and settle
  • Have at least 1 direct deposit or ACH payment transaction post and settle
  • Be enrolled in and agree to receive online statements

Qualifying couldn’t be easier! After all, you’re probably doing most of these already. Plus, if for some reason you don’t qualify in a given cycle, you still earn our basic rate of interest and you can still qualify for the rewards during the next cycle.

  • Disclaimers
  • *APY= Annual Percentage Yield. APYs accurate as of 10/15/2010. Rates may change after the account is opened. Minimum to open a F&M Perks Checking account is $50. If qualifiers are met each monthly statement cycle: (1) **Nationwide ATM fees incurred during the monthly statement cycle will be reimbursed up to $15 and deposited to the account on the next business day after the qualifiers have been met each month; (2) balances up to $15,000 receive an APY of 0.40%; and (3) balances over $15,000 receive an interest rate of 0.12% on the portion of the balance above $15,000 resulting in APYs ranging from 0.40% to 0.16% depending on the balance (assuming a maximum account balance of $100,000). If qualifiers are not met, the APY will be 0.05% on all balances. Qualifying transactions must post and settle to the account during the monthly statement cycle. Transactions may take one or more business days from the transaction date to post and settle to an account. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. ATM-processed transactions do not count as qualifying transactions. Intra-bank transfers do not count as qualifying ACH transactions. Fees may reduce earnings. Personal accounts only. Limit one account per household. If qualifiers are not met during a monthly statement cycle, a Service Fee of $6.95 will be charged.