Xtra Checking
Earn an amazing rate with this free checking account. And receive ATM fee refunds, not just in Oklahoma, but nationwide! You can link it to a Xtra Saver to add more savings power automatically. AT F&M Bank, we've got your back!
To qualify for these great rewards, you'll just need to do a few simple things that you probably already do, like review your eStatements, and make purchases with your debit card. Earning rewards and saving money is that simple!
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- Summary
- Nationwide ATM fee refunds (up to $20)*
- 2.75% APY* on balances up to $15,000
- 2.75% - 0.11% APY, on balances over $15,000 depending on balance in account*
- 0.01% APY* if qualifications aren't met
- Link to Xtra Saver for automatic savings
- No minimum balance to earn rewards
- No monthly service fee
- Free online banking and bill pay
- Free eStatements
- Free Visa® Debit Card
- Unlimited check writing
- $50 minimum deposit to open
Please contact your local branch for our current rates!
Qualifications
Earning your rewards is easy. Just do the following on each monthly qualification cycle:
- Have 15 debit card purchases post and settle your account
- Be enrolled and review eStatements
- Have at least one direct deposit OR automatic payment (ACH)
And if you miss a qualification cycle, don't worry. The account is still free and there's no penalty for not qualifying. And you get right back to earning interest and enjoying ATM refunds the next cycle you qualify.
For a Qualifications Calendar click here.
*APY=Annual Percentage Yield. APYs accurate as of 1/16/2013. Rates may change after account is opened. Minimum to open is $50 Xtra Checking and $50 for Xtra Saver. For Xtra Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle, some restrictions do apply; (2) balances up to $15,000 receive APY of 2.75%; and (3) balances over $15,000 earn 0.10% interest rate on the portion of the balance over $15,000, resulting in a blended rate of 2.75% -0.11% APY depending on the balance. If qualifications are not met on Xtra Checking all balances earn 0.01% APY. Qualifying transactions must post to and settle Xtra Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle account. Transfers between accounts do not count as qualifying transactions. ATM transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Xtra Checking APY is based on compounding interest. Interest earned in Xtra Checking is automatically transferred to Xtra Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Xtra Checking APY. The Xtra Saver APYs may be less than Xtra Checking APYs. Limit one account per SSN.
