farmbureaubank.com | Performance Checking
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Farm Bureau Bank Performance Checking Performance Checking

Farm Bureau Bank's Performance Checking is an ideal account that customized to suit your personal banking needs. Bank with ease via the Internet, or more traditionally. It's your choice and just as simple.

Performance Checking Account Highlights

Overview
  • Unlimited check and debit card access
  • Free 24-hour phone and Internet access
  • Unlimited auto-debit withdrawals
  • Tiered interest that rewards higher balances
  • Free ATM access - certain restriction apply **
  • Free E-Option    
  • Free unlimited Direct Deposit transactions
  • Verified by Visa - an extra layer of security when you shop online
  • Overdraft protection through either a Farm Bureau Bank credit card or Money Market account. Call us to add this feature to your current Performance Checking account.
Minimum Initial Deposit $100
Free E-Option
  • Earn higher interest when you go paperless
  • 24-hour Internet access to Online statements, Online Bill Pay and Online Funds Transfer
Monthly Service Fees None for normal use or to open or maintain the account.
Minimum Daily Balance $0.01

Performance Checking Account Rates

Balance Interest Rate Annual Percentage Yield*
less than $2,500
   with E-Option   
0.00%
0.05%
0.00%
0.05%
$2,500 - $9,999
   with E-Option   
0.05%
0.05%
0.05%
0.05%
$10,000 and up
   with E-Option   
0.05%
0.05%
0.05%
0.05%
Minimum Initial Deposit $100

Performance Checking - Additional Info

E-Option
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
Verified by VisaIn 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

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. 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

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.

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 04/18/2014. 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.



* Rates disclosed as Annual Percentage Rate (APR) and Annual Percentage Yield (APY). Farm Bureau, FB, and the FB National Logo are registered service marks owned by, and used by Farm Bureau Bank FSB under license from, the American Farm Bureau Federation. Farm Bureau Bank FSB is a service-to-member institution which provides banking services to Farm Bureau members and others in participating states. Services are not available in the following states: AL, IL, KS, MI, MO, NJ, NY, OH, and WY.


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