Business Checking

Why bank with The Farmers & Merchants Bank? Because we are your locally-owned, community bank. Our staff is your neighbor, your friend, your child's coach, or even your Sunday School teacher. We are not just a bank, we are involved in the community and surrounding communities. We support our local businesses, and we love shopping local. If you want to stay local and support other local businesses, choose The Farmers & Merchants Bank!

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Compare Business Accounts

FeaturesSmall Business CheckingBusiness CheckingNon-Profit CheckingBusiness NOW CheckingBusiness Super NOW CheckingHigh Yield Business CheckingCommercial Money Market Account
Minimum Deposit $100 $100 $100 $1,000 $2,500 $2,500 $2,500
Charges/Fees $3 monthly fee will be assessed for this account. $3 monthly fee. If the daily balance falls below $5,000 the fee is $6.00. If daily balance falls below $1,000 the fee will increase to $12.00. N/A If daily balance falls below $1,000, a $10 fee will be charged each statement cycle. If daily balance falls below $2,500, a $12 fee will be charged each statement cycle. $3 monthly fee. If the daily balance falls below $2,500, then the fee will be increased to $25. If the daily balance falls below $2,500, a $12.50 fee will be charged each statement cycle.
Debit Card Available Yes Yes Yes Yes Yes Yes Yes
Qualifications None None You must be a Nonprofit Business. You must be a Sole Proprietor, DBA, NonProfit, or Public Fund Business. You must be a Sole Proprietor, DBA, NonProfit, or Public Fund Business. You must be a Sole Proprietor, DBA, NonProfit, or Public Fund Business. None
Number of Deposits Allowed Allowed 10 electronic and/or paper credits to post on your account each monthly statement with no fee; $0.25 each additional credit posted. Allowed 50 electronic and/or paper credits to post to your account each monthly statement cycle with no fee; $0.25 each additional credit posted. Unlimited Unlimited Unlimited Unlimited Unlimited
Number of Withdrawals Allowed Allowed 20 electronic and/or paper debits to post on your account each monthly statement cycle with no fee. Allowed 150 electronic and/or paper debits to post on your account each monthly statement cycle with no fee. Unlimited Unlimited Unlimited Unlimited Allowed 6 electronic and/or paper debits to post to your account each monthly statement cycle with no fee.
Excessive withdrawal/Item Fee A fee of $0.25 will be assessed at the end of each monthly statement cycle for each additional debit or credit posted. A fee of $0.25 will be assessed at the end of each monthly statement for each additional debit or credit posted. None None
None
None A fee of $5.00 will be assessed at the end of each monthly statement cycle for each additional debit posted.
Does this account earn interest? No No No Yes, minimum average daily balance of $1,000 is required to obtain the APY. Yes, minimum average daily balance of $1,000 is required to obtain the APY.
Tier 1: $1000-$2,499.99
Tier 2: $2,500 and up
Yes, minimum average daily balance of $2,500 is required to obtain the APY.
Tier 1: $2,500-$9,999.99
Tier 2: $10,000 to $24,999.99 Tier 3: $25,000 & up
Yes, minimum average daily balance of $2,500 is required to obtain the APY.

Interest Rate including APY

As of October 11, 2018

N/A N/A N/A 0.10% Tier 1: 0.10% Tier 2: 0.15% Tier 1: 0.15% Tier 2: 0.25% Tier 3: 0.50% 0.50%
Benefits
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Free Mobile Banking and Mobile Deposit (upon approval)
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
  • Free Notary Service
  • Debit Card Rewards
  • Free Telephone Banking
  • Free Internet Banking
  • Receive a monthly statement with check images at no charge
Statement Yes, Monthly. Yes, Monthly. Yes, Monthly. Yes, Monthly. Yes, Monthly. Yes, Monthly. Yes, Monthly.

*Annual Percentage Yield (APY) assumes principal and interest remain on deposit for one year at the same interest rate. Service charges and fees may reduce earnings.
*Interest is accrued daily and paid monthly on collected balance.
*If you close your account before interest is credited, you will not receive accrued interest.

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