PERSONAL BANKING Farmers and Merchants Bank of North Dakota

Be on the lookout for text messages/calls claiming to be from Farmers & Merchants Fraud Detection or any other variation of titles they use to make you think it is legit. The bank does not currently send out any type of automated texts regarding suspected fraudulent charges nor would we ever need to ask for your username/password/authentication codes for online banking. If you are ever unsure of the authenticity of a text or call, error on the side of caution and assume it is a scammer until you are able to follow-up and call your local branch number. We are more than happy to assist you with any concerns.

There has been a big increase in check fraud. Specifically with checks that are sent through the mail. The check thieves steal and alter checks through various means, rewriting them to someone else for typically large dollar amounts.

We ask that you:

Be diligent in reviewing your statements and the copies of your checks in your statements. This will help ensure that the check that clears your account is the same check you wrote.
Consider a different means, such as Bill Pay (through our online banking), or pay by phone rather than mailing a check when paying your bills.
Monitor your account through online banking.
Use alerts within online banking to help monitor your account.

Regular Personal Checking: From the teenager opening his first checking account, to a longtime banking customer, this account serves everyone’s needs well- a basic checking account with the features you need and want.

No minimum balance requirements
$1 monthly service charge
Statements with check images
Unlimited check writing
Debit card availability upon approval
Bill pay access

Premier Personal 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
Bill pay access

Premier Plus Personal 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
Bill pay access

Personal Passbook Savings Account: If you’re able to put some money away for a special project, trip, 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
Debit card availability upon approval for cash withdrawals only
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.

Personal Passbook Savings Account for those under age 19: We want to encourage our young customers to save, therefore waive all fees on this account.

Earn interest (accrued interest credited to the account quarterly)
No minimum balance requirements
Debit card availability upon approval for cash withdrawals only
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.

Personal Money Market Account: If you have a larger amount of money to invest, but may occasionally need access to it, this account may be what you want.

Minimum daily balance requirement of $10,000 to avoid a $10 per month flat service charge
Transfers and withdrawals 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.
Monthly statements with check images
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. 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 may be 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

Personal IRA Savings Account: Use this tool to make periodic contributions until you meet minimum deposit requirements for an IRA Certificate of Deposit.

Earn interest (accrued interest credited to the account quarterly)
No minimum balance requirements

Individual Retirement Accounts (IRAs): Set aside money for your retirement by opening an IRA with us. We will charge no fees for setting up and maintaining your IRA. Visit with your tax consultant to see how this type of investment may work for you, then call the Tolna branch to get started.

For over 100 years, we have provided funding to keep our community strong and growing. It is our pleasure to assist you in seeing dreams, big or small, come true. Call or stop in to visit with one of our lenders today!

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