Performance Checking - Additional Info
Choosing the free E-Option for your Performance Checking Account gives you the convenience of viewing your monthly statements online without the hassle of sorting through paper statements in the mail. Earn a higher interest rate by choosing E-Option on every dollar you deposit.
Visa® Debit Card
Your Performance Checking Account comes with a FREE Visa Check Card, providing free and unlimited use and universal access to your funds. Purchases can be made anywhere Visa is accepted, and funds are automatically removed from your account with each use. Quick and easy access to over 300,000 ATM machines worldwide.
Verified by Visa
In addition to our other ways of preventing, detecting, and resolving fraud, we offer Verified by Visa, a free, simple-to-use service that confirms your identity with an extra password when
you make an online transaction. Learn More
Farm Bureau Bank Performance Checking Account offers free unlimited check writing access and your first order of checks is free.
Farm Bureau Bank Performance Checking is an interest-earning account. Our competitive rates are tiered to reward higher balances.
You can access your accounts online 24 hours a day if you register for our free Internet Banking. View your account activity and statements online anytime. Click here for registration and more information.
Online Bill Pay
You can pay your bills online for free with our Online Bill Pay service. With a Farm Bureau Bank Performance Checking Account, you have unlimited Bill Pay access and transactions. No more writing checks and wasting stamps.
Performance Checking offers free, unlimited Direct Deposit transactions. Have funds deposited electronically to your account without the hassle of mailing in a check. Most employers and government agencies are equipped to directly deposit funds into your account. You can also arrange for funds to be directly deposited into your Performance Checking Account from your other accounts. All it requires is the ABA routing number, which is found on the bottom of every check.
Protect yourself from overdraft fees and additional charges with overdraft protection. It’s easy to set up, plus it’s free! Just link your Farm Bureau Bank credit card or a Farm Bureau Bank Money Market account to the Performance Checking account and you’re set. If you already have a Farm Bureau Bank Performance Checking account, call us and we’ll set you up over the phone.
Performance Checking Terms & Conditions
The interest rates and annual percentage yields for all Farm Bureau Bank deposit accounts are determined at the discretion of the Bank. The interest rates and annual percentage yields may change at any time. The interest rate for your account will be based on the following daily balance tiers:
- Less than $2,500
- $10,000 and up
If you select the E-Option for your transaction account, you will earn interest on all balances at a rate above the standard rate for the selected account type. If you select the E-Option, you will not receive monthly statements via mail unless the Bank is required by applicable law to provide such statements. Transaction history will be made available through the Internet at www.farmbureaubank.com.
||Interest will be credited monthly.
||Interest will be compounded daily.
|Daily Balance Computation Method
||Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
|Minimum Balance to Open
||The minimum balance to open a Performance Checking account is $100.00.
|Accrual of Interest on Noncash Deposits
||Interest will begin to accrue on the business day you deposit noncash items (e.g., checks) into your account.
|Effects of Closing an Account
||If you close a transaction account within 90 days from the original account opening date, a fee will be assessed. If you close your account by check before interest is paid, you will not receive the accrued interest.
*Annual Percentage Yield. Interest Rates and Yields shown are effective as of 03/07/2014. Farm Bureau Bank deposit accounts are FDIC insured up to $250,000 per depositor. Fees could reduce earnings on the account. Interest rates and corresponding APYs may change at the bank’s discretion.
** The initial five (5) ATM transaction fees, with a maximum total of $15, is reimbursed each month. Transactions made outside the U.S. do not qualify for ATM fee reimbursement.