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This page was printed from: https://www.farmbureaubank.com/Deposits/Checking |
Performance Checking
Farm Bureau Bank's Performance Checking is an ideal account that's customized to
suit your personal banking needs. Bank with ease via the Internet, FBBmobile or more traditionally.
It's your choice and just as simple.
Performance Checking Account Highlights
| Overview |
|
|---|---|
| Minimum Initial Deposit | $100 |
| Free E-Option, FBBmobile |
|
| Monthly Service Fees | None for normal use or to open or maintain the account. |
| Minimum Daily Balance | $0.01 |
Performance Checking Account Rates
Performance Checking - Additional Info
E-Option
Go paperless. Choose the free E-option for your Performance Checking Account to
conveniently view statements online. In addition, you may earn a higher interest
rate for each account you enroll.
Visa® Debit Card
Your Performance Checking Account comes with a FREE Visa Debit 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.
Online Shopping Protection
Your Visa Debit card will have an extra layer of security when you shop online. You're automatically protected, there is no need to enroll for this. This free*** security feature confirms your identity with a one-time passcode during an online transaction, following the detection of suspicious activity. The one-time passcode will be sent to you via SMS text message, if we have a mobile phone number on file. Learn More
Checks
Farm Bureau Bank Performance Checking Account offers free unlimited check writing
access and your first order of checks is free.
Interest
Farm Bureau Bank Performance Checking is an interest-earning account subject to
minimum balance requirements and e-option. Our competitive rates are tiered to reward
higher balances.
Internet Banking
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.
Direct Deposit
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.
Overdraft Protection
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
- $2,500-$9,999
- $10,000 and up
Go paperless. Choose the free E-option to conveniently view statements online. In addition, you may earn a higher interest rate for each account you enroll. 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 farmbureau.bank.
| Crediting Frequency | Interest will be credited monthly. |
|---|---|
| Compounding Frequency | 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. |
Performance Checking - Fees
The following fees may be assessed against your account:
| Replace lost ATM/Debit card | $5.00 |
| Check printing | Fee depends on style of check ordered |
| Nonsufficient funds items (each) including withdrawals made by check, in person, ATM, or other Electronic means, regardless of whether the item is paid or not | $30.00 |
| Stop Payment - all items | $25.00 |
| Outgoing wire transfer | $20.00 |
| Account research | $15.00 per hour, ½ hour minimum |
| Copy of statement, special statement, or account activity printout | $5.00 |
| Copy of check (per check) | $1.00 |
| Account closed within 90 days | $25.00 |
| Cashier's Check | $5.00 each |
* Annual Percentage Yield. Interest Rates and Yields shown are effective as of
06/30/2023. 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, are reimbursed
each month. Transactions made outside the U.S. do not qualify for ATM fee reimbursement.
*** Text messages to your mobile device are free, but all other fees on calls and texts are subject to the terms of your voice/data plan with your mobile carrier.
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 Equal Housing Lender. Farm Bureau Bank is an Equal Opportunity Employer. |