Deposit Account Options

Farmers and Merchants State Bank offers a deposit product to meet your needs. To obtain more information, or open an account, just stop by and visit us in Paynesville.

Overdraft protection is available to approved customers on all types of checking accounts.

SHAZAMŪ debit cards are available with all types of checking accounts upon approval! The SHAZAMŪ card gives you convenient access to your Farmers and Merchants checking account and can be used at most ATM's! Our cards have your photograph on the front for added safety.

Regular Checking:
$300 Minimum Daily Balance to Avoid Monthly Service Charges
$3.00 Plus $.15 Per Debit Service Charge if Balance Falls Below Minimum
No Limit on the Number of Checks You Can Write

NOW Checking:
Interest Bearing Account
$900 Minimum Daily Balance to Avoid Monthly Service Charges
$5.00 Service Charge if Balance Falls Below Minimum
No Limit on the Number of Checks You Can Write

F&M Club Checking:
$6.00 Monthly Service Charge
Free Checks
No Minimum Balance
$10,000 Accidental Death and Dismemberment Insurance Policy
Free Safe Deposit Box-Subject to Availability
No Charge For Money Orders and Travelers Checks
No Limit on the Number of Checks You Can Write

Senior and Student Checking
No Service Charges
55 Years of Age or Older to Qualify as a Senior
Available to High School or College Students
No Limit on the Number of Checks You Can Write

Business Basic Checking
No Minimum Balance Requirement
No Limit on the Number of Deposits
Monthly Service Charge is $2.50 Plus $.15 Per Debit
Credit Back of $.15 for Each $100 of Average Balance During That Cycle
No Limit on the Number of Checks You Can Write

Business NOW Accounts-(Not Available to Corporations and Partnerships)
Interest Bearing Account
$900 Minimum Daily Balance to Avoid Service Charges
Service Charge is $5.00 if Balance Falls Below Minimum
No Limit on the Number of Checks You Can Write

Regular Savings
No Minimum Balance
No Fees
Interest is Compounded Quarterly
Maximum of 6 Transfers Per Month

Money Market Savings
No Fees
Tiered Interest Rate
Maximum of 6 Transfers Per Month
No More Than 3 Transfers By Check, Draft or Debit
Interest Compounded Monthly

Farmers and Merchants State Bank
125 E James Street P.O. Box 137
Paynesville,MN 56362
(320)-243-3702