You’re in the grocery store check-out line with a cart full of groceries. You swipe your card and it is declined.
You’re out of town at a gas station and you need to fill your tank. You go to pay with your debit card at the pump and it is declined.
You’re out of town and need some cash. You go to an ATM, use your card to take out $300. It is declined.
There are times in life that your checking account balance is at or near zero and your card won’t allow you to make a purchase or a cash withdrawal. You may have made a mistake in balancing your account, a debit comes out of your account sooner than expected, or you are just one day away from payday.
But, by simply Opting -IN to F&M’s Overdraft Protection, each of the above scenarios would have resulted in the successful completion of the transaction! Best of all, there is no cost to sign up and there will never be a charge if you don’t use the service.
To find out more information, or to print the Opt-In form, scroll over the Personal tab at the top of the page, then Checking, then click the Opt-In option. Once you fill out all of the information required, sign the form, and simply mail it in, or bring it in to one of our branches.
Now Offering Quicken®
Farmers & Merchants Bank is now offering Quicken® through our online banking. Organize all of your personal or business finances in one convenient location. Now you can manage your money, import all of your up to date accounts, and always be ready for taxes. No manual data entry, once you're set up, you can download all your transactions right into Quicken®—instead of typing them in by hand. Web Connect data includes complete transaction and balance information to make categorization and account reconciliation easy. Visit www.bankwithfm.com , then into your online banking portal, once inside click on the Accounts tab, then the Download drop down. This will take you to an Account Download screen, chose the download format: QIF. You’ll now be able to see how Quicken® gives you the complete picture of where your money goes, so you can start making better money decisions right away.
Staying ahead of Financial Fraud
Be aware of financial scams sent to your email or to your phone via text message regarding any of your financial information. Typically, criminals will send you information with the financial logo in the email or text message giving the message an authentic appearance. If there is ever a phone number in the message that does not match the corresponding bank's number, it is highly recommended to not call the unfamiliar number. Instead call your local financial institution or visit one of the branches to further follow up with the situation. Remember we will never ask for an account number, social security number, birthday, etc. via email or text message.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.