Xtra Free Checking Account

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!

  • Nationwide ATM fee refunds (up to $20)*
  • 2.75% APY* on balances up to $10,000
  • 2.75% to 0.11% APY, on balances over $10,000 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 Mastercard® Debit Card
  • Unlimited check writing
  • $50 minimum deposit to open

Please contact your local branch for our current rates!


To earn your rewards, simply do the following transactions and activities in your Xtra Checking account each monthly qualification cycle: 

  • Have at least 15 debit card purchases post and settle your account
  • Be enrolled and review eStatements
  • Have at least one direct deposit OR automatic payment (ACH) post and settle

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 07/01/2013. Rates may change after account is opened. Minimum to open is $50 for 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 up to $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.75%; and (3) balances over $10,000 earn 0.1050% interest rate on the portion of the balance over $10,000, resulting in a range of 2.75% to 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 to and settle account. ATM-processed 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. Fees may reduce earnings. Limit one account per SSN. Transfers between accounts do not count towards qualifying debit card transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.