Farmers and Merchants Bank of ND
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CHECKING:

Regular Non-Personal Checking: This is a basic checking account with the features you need and want.

  • no minimum balance requirements
  • $1 monthly service charge
  • waived monthly service charge if the customer agrees to receiving E-statements
  • statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • bill pay access

Non-Personal Now Checking: With this account, you can earn interest on a checking account without having to keep a high minimum balance. 

  • earns interest (accrued interest credited monthly to the account)
  • requires that a $1000 daily balance be maintained to avoid a $5 per month flat service charge
  • monthly statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • available only to sole proprietorships, non-profit organizations & governmental units
  • bill pay access

Non-Personal Super Now Checking: An interest bearing account checking account available to you. 

  • earns interest (accrued interest credited monthly to the account)
  • requires that a $2500 daily balance be maintained to avoid a $10 per month flat service charge
  • monthly statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • available only to sole proprietorships, non-profit organizations & governmental units
  • bill pay access

SAVINGS:

Non-Personal Passbook Savings Account: If your business or organization would like   to put some money away for a special project or upcoming bill but can’t lock it up in a Certificate of Deposit, this account should be considered!!!!!

  • earn interest (accrued interest credited to the account quarterly)
  • requires that a $100 daily balance be maintained to avoid a $2.00 per month flat service charge
  • transfers and withdrawals from this account to another of your accounts or to third parties by preauthorized, automatic, telephonic or computer transfer, or by check, draft, debit card, or similar order to third parties, cannot exceed six per calendar month or statement cycle of at least four weeks. If you exceed the transfer limitations set forth above, we may ask you to switch to another type of account.
  • debit card availability upon approval for cash withdrawals only
  • limited bill pay access

Non-Personal Money Market Account: If you have a larger amount of money to invest, but may need to access it occasionally, this could work good for you. 

  • earn interest (accrued interest credit to the account monthly)
  • Minimum daily balance requirement of $10,000 to avoid a $10 per month flat service charge
  • transfers and withdrawals from this account to another of your accounts or to third parties by preauthorized, automatic, telephonic or computer transfer, or by check, draft, debit card, or similar order to third parties, cannot exceed six per calendar month or statement cycle of at least four weeks. If you exceed the transfer limitations set forth above, we may ask you to switch to another type of account.
  • debit card availability upon approval
  • limited bill pay access

CERTIFICATES OF DEPOSIT: For a long term investment, a certificate of deposit (CD) provides a  great way of earning interest with no risk of losing principle.  You pick the term that works the best for your future funding needs and we pay you a guaranteed rate of interest for that period of time.  There is a penalty imposed for early withdrawal.

  • minimum balances starting $1000
  • maturities ranging from 91 days to 5 years
  • interest can be compounded, transferred to another account at our institution or paid by check

 

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