We've got you covered!
There are times that LIFE gets in the way of BANKING, so that is why at F&M Bank, we offer multiple overdraft solutions to cover those unexpected times when LIFE happens.
MyReserve
Utilize this solution to cover your overdrafts by connecting a checking, savings or money market to your checking account.
Is MyReserve right for you?
- There is no enrollment or annual fee for this service; however, transaction fees may apply.
- When needed, an automated advance from your selected F&M Bank account is transferred to cover an overdraft (up to the amount available).
- An Automated Advance Fee may be charged to your checking account.
- Partial automated advances which do not cover the whole amount needed for the overdraft, will not be charged an Automated Advance Fee.
CreditReserve
CreditReserve is a line of credit that, within your given limit, can cover overdrafts on your checking account.
Is CreditReserve right for you?
- There is no enrollment or annual fee for this service; however, transaction fees may apply.
- Subject to credit underwriting with a CreditReserve application, credit approval and an F&M Bank checking account.
- When needed, an automated advance from CreditReserve is transferred to cover an overdraft (up to the amount available).
- An Automated Advance Fee may be charged to your checking account.
- Partial automated advances which do not cover the whole amount needed for the overdraft, will not be charged an Automated Advance Fee.
F&M Bank also offers CourtesyCoverage, an overdraft service that can be there when you need it.
At F&M Bank, we encourage responsible account management; however, we understand that occasional and inadvertent overdrafts may occur. CourtesyCoverage is a discretionary overdraft service that may provide you with a safety net in the event of an overdraft. Even if you have MyReserve and/or CreditReserve, CourtesyCoverage serves as another layer of coverage if other overdraft solutions are exhausted.
CourtesyCoverage
With CourtesyCoverage, F&M Bank will strive to pay checks, ACH (automatic debits), in-person, telephone, online banking and recurring debit card transactions.
Is CourtesyCoverage right for you?
- There is no enrollment or annual fee for this service; however, transaction fees may apply.
- This service is automatically added to your F&M Bank checking account 30 calendar days after opening, upon our discretion, unless you decline.
- When the items listed in the chart below are presented for payment, they may be paid saving you potential merchant fees; however, overdraft fees may apply.
- You will receive a notice each time your account is overdrawn.
- CourtesyCoverage is a non-contractual agreement and can be changed or withdrawn at any time.
CourtesyCoverage+
Upgrade your CourtesyCoverage to include payment of your ATM and everyday debit card transactions by opting in to CourtesyCoverage+.
| Transaction Type | CourtesyCoverage | CourtesyCoverage+ |
|---|---|---|
| Checks & ACH (Automatic Debits) |  |
|
| Recurring Debit Card | |
|
| Online Banking | |
|
| In-Person & Telephone | |
|
| ATM | |
|
| Everyday Debit Card | |