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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) Checkmark icon Checkmark icon
Recurring Debit Card Checkmark icon Checkmark icon
Online Banking Checkmark icon Checkmark icon
In-Person & Telephone Checkmark icon Checkmark icon
ATM
Checkmark icon
Everyday Debit Card
Checkmark icon
To learn more about our multiple overdraft solutions, contact an F&M team member or stop by any F&M location.
 
Note: See F&M Bank Overdraft Solutions Program and Disclosure for additional information