Minimum balance to open the account $250.00
Average daily balance to avoid a service charge $2000.00
Average daily balance below $2000.00, $8.00 service charge
Overdraft fee $30.00
Minimum balance to open the account $500.00
Interest bearing account
Average daily balance over $500.00 no service charge
Average daily balance below $500.00, $8.00 service charge and $.25 per debit item after 20
Overdraft Protection up to $1,000.00
Overdraft fee $30.00
Minimum balance to open the account $2500.00
Interest bearing account
Average daily balance above $2500.00
Average daily balance below $2500.00, $15.00 service charge
6 debit items allowed per month
No more than 3 by check, draft, or similar order to third parties
Excessive withdrawal fee of $2.50 per item over 6
* Sole Proprietorship, business accounts are eligible for bounce protection and may apply for a debit card.
** Corporate accounts, we have various account structures to fit your banking needs.
Please contact Farmers and Merchants Bank for details at (334) 864-9941 or (334) 576-1900.