Find an updated list of F&M Bank bonuses, promotions, and offers here.
Currently, they have a $25 bonus referral bonus for checking account when meeting all the requirements.
F&M Bank Bonuses Review
Farmers & Merchants Savings Bank opened for business in Manchester, Iowa on July 20, 1925. F&M Bank is proud of its rich tradition and is committed to providing the services and products that will continue to make F & M Bank, “The Right Choice” for the next 96 years and beyond.
- Availability: IA, MN (Bank Locator)
- Credit Inquiry: Soft Pull
F&M Bank has decent rates for CDs and Savings, but always check out our best rates for Savings, Money Market, and CD accounts from the links below.
If you’re not local to any of the states above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
I’ll go over all F&M Bank offers below.
F&M Bank $25 Referral Bonus
F&M Bank is offering members a $25 referral bonus when they refer a friend or family member.
- What you’ll get: $25 Bonus
- Eligible account: Checking Account
- Where it’s available: IA, MN
(No Expiration Date Listed)
U.S. Bank Smartly® Checking ($400 Cash Bonus) | Truist Checking ($400 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($325 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) |
How to Earn Bonus
When your friend or family member opens a Salal checking account, both of you can receive a $25 cash reward.
- Download this form and completely fill out the Existing Member (Referrer) section so the bank can reward you for your referral.
- When the referred friend opens a Certificate of Deposit for greater than $10,000 or a new checking account (minimum $2,500), you will receive an F&M Bank $25.00 gift certificate 60 days after the account opening.
- Your accounts must be in good standing within 60 days of opening in order to receive this offer
- To receive this offer, the referring friend must be a current client of Farmers and Merchants Savings Bank, and the above form must be present at time of opening an account.
- When the referred friend opens a Certificate of Deposit for greater than $10,000 or a new checking account (minimum $2,500), you will receive an F&M Bank $25.00 gift certificate 60 days after the account opening.
- Your accounts must be in good standing within 60 days of opening in order to receive this offer.
- This offer is not valid with any other promotional offer.
- All terms subject to change without notice. Loan/account opening subject to credit approval. Member FDIC. Equal Housing Member
How to Waive Monthly Fees
- Rewards Checking: No monthly fees
- Regular Checking: $8.00 monthly waived with $400 daily or
$1,000 average daily balance - Check Plus: $8.50 monthly for Plan A; $9.00 monthly for Plan B
- Now Checking: $10.00 monthly waived with a $1,000 average daily balance
- Regency Club Checking: $10.00 monthly waived with a $2,500 Deposit Account or $10,000 CD
- Student Checking: No monthly fees
- Health Savings: No monthly fees
- Sole Proprietor Checking: $8.00 monthly waived with $400 daily or $1,000 average daily balance
- Individually Owned Now Checking: $10.00 monthly waived with $1,000 average daily balance
- Treasury Money Market: $10.00 monthly waived with $1,000 average daily balance
- Business Checking with Analysis: Varies-Fees assessed by Business Account Analysis
Conclusion
F&M Bank will reward you and a friend with a $25 bonus when you refer them and they open a checking account and meet necessary requirements.
Feel free to leave a comment below if you want to leave you info for the referral bonus. Your feedback is highly appreciated and makes our site even better!
Check back often for more F&M Bank Bonuses, Promotions, or Offers!
Heather Snyder says
How is this information gathered?
F&M Bank in Tennessee (per logo at top of page) is not the same as the linked F&M/Farmers & Merchants Bank in Iowa.
Liz Pham says
Our apologies, the information is gathered from the referral bonus link. We overlooked the logo during our review. We have now updated it. Thanks for catching it and thank you for being a reader!
Khandra R. Smalley says
I am SVP of Marketing Research for F&M Bank in TN [www.myfmbank.com] which owns the logo you have used. We do not currently have an offer as suggested in your article. Please update the logo to the F&M Bank associated with your articles and links.
Thank You!
Khandra R. Smalley
F&M Bank
931.920.4924
Liz Pham says
I do apologize we were correcting the image and there was a glitch. As one of the readers stated it was not the right image. We have now changed it and I’ve tripled checked it to the correct F&M in IA and MN.