Fees, Rules and Regulations

Service Fees
Rules & Regulations
Funds Availability


Service Fees

ACH Origination Variable
ATM Card Monthly Fee N/C
ATM/CheckCard Monthly Fee N/C
Replacement Card $5.00
Cancelled Checks Returned with Statement Monthly Fee $10.00
Check Cashing Non-Customer Variable
Check Printing Variable
Collection Items
Customer Domestic $10.00
International $15.00
Documentary $50.00
Non-Customer
Domestic $20.00
Documentary $100.00
Daily Balance Reporting Monthly Fee $25.00
Deposit Bags
Locked Large $25.00
Locked Small $20.00
Zipper $5.00
Dormant Account Monthly Fee $6.00
International Remittance Draft $20.00
Garnishing Processing $25.00
Investment Services
Purchase or Sale of Asset/Customer $35.00
Safekeeping Receipt/each/per month $1.50
Letters of Credit Variable
Mortgage Verification of Deposit $10.00
Non-Sufficient Funds (NSF) Items, paid or returned $30.00
Notary Customer $1.00
Non-Customer $2.00
Official Checks Customer $3.00
Non-Customer $6.00
Overdraft Transfer Fee $5.00
Photocopy each $1.00
Postdated Order each $25.00
Research & Account Reconciliations ($5.00 minimum) per hour $20.00
Returned Deposited Item
Charged Back each $5.00
Reprocessed each $5.00
Safe Deposit Boxes, Annually
2x5* $15.00
3x5 20.00
5x5 30.00
3x10 45.00
5x10 60.00
Drilling
Non-Payment 200.00
Lost Key 100.00
Key Deposit (2 keys) 10.00


Safety-Net Overdraft Protection Set-Up Fee $25.00
Special Statement $5.00
Stop Payment each $25.00
Telephone Transfer $3.00
Travelers Checks, per $100 $1.00
Travelers Checks for Two, per $100 $1.50
Undeliverable Statement Fee $15.00
One-time charge upon return of second undeliverable statement.

Wire Transfers - Incoming
Customer $8.00
Non-Customer $25.00
International $25.00

Wire Transfers - Outgoing
Customer-Electronic $6.00
Customer $12.00
Non-Customer $25.00
International $35.00

Zero Balance Account
Monthly Maintenance Fee plus Activity Fees $25.00

A fee of $7.00 will be charged for each 7-day period that a consumer account is overdrawn, over $50, while it remains open.

Rules and Regulations

Subject to modification by Bank
All accounts shall be subject to the provisions of the signature cards, on which each depositor shall file his or her signature, together with the rules and regulations (including service charges, fees and interest rates payable) which may be amended, altered, modified, revoked or added to any time without prior notice to depositors. The Bank reserves the right to require seven (7) days prior notice of withdrawal on all savings and money market accounts. (The rules and regulations shall be regularly available at the Bank's offices during normal business hours.)

Interest
The interest rate is based upon current market conditions and money market funds rates. At our discretion, we may change the interest rate and annual percentage yield (APY) on your account at any time. We use the daily collected balance method to calculate interest on your account. This method applies a daily periodic rate to the collected principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. checks). Accrued interest will not be paid when you close your account or when it has a zero balance before that interest has been credited to the account. Current rate information is available in the lobbies or you may call us for rate information.

Endorsement Rules
You are responsible for, assume all liability, and waive any and all claims and damages against The F&M Bank & Trust Company. (1) For delayed or missent checks in the event the delay or missending is caused by markings placed on the check by you, your agent or representative that obscures a properly placed endorsement of a depository bank. (2) For late return of deposited checks where the lateness is caused by markings on the checks by you or by a prior endorser in the area of The F&M Bank & Trust Company endorsement.

Postdated Checks
This Bank will not be liable to you for damages arising from the premature payment of a postdated check, unless you have provided the Bank with notice of the postdating describing the check with reasonable certainty. In order for the notice to be effective, it must be received at such time and in such manner as to afford the Bank a reasonable opportunity to act on it before taking action with respect to the check.

Overdrafts
If your account does not contain sufficient collected funds when an item is presented for payment, we have no obligation to pay an item and may at our option pay or reject it and charge you a fee. Returned deposited items may also create an overdraft to your account for which we will charge you a fee. When there are insufficient funds to pay all items presented for payment on a given day, F&M may pay one or more items in any order in its sole discretion. We may pay items cashed by the Bank and ATM transactions first and pay all other items in order of highest dollar amount to lowest dollar amount. F&M may return any dishonored items in any order we deem appropriate. We may change our procedures for establishing the order of payments and return of items at any time without notice to you.

Definitions
Calendar Quarter - A three-month interval ending March 31, June 30, September 30 and December 31.
Collected Balance - Derived after all transactions have been posted to your account, but includes only those funds which actually have been collected by us.
Dormant Account - A dormant account is defined as any account without activity initiated by the customer and the customer's current address is unknown by the Bank, for one year.

Ledger Balance - Derived after all transactions have been posted to your account, regardless of whether the funds you deposited actually have been collected by us.
Primary Checking Transaction Account - Premier Checking, Premier Prime, Premier Free and Personal UPAL.
Reserve Requirement - The percent of a Bank's deposits that it must maintain with the Federal Reserve Bank and subject to change at the Federal Reserve Bank's discretion.

Funds Availability

Your ability to withdraw funds
Our general policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 6:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Even when we have already made funds available for withdrawal, you are responsible for any problem with the deposit, such as the return of a deposited check.

Rules for outgoing wire transfers, investments, loan payments and on-line computer services
Your check deposits generally will be made available within the following time periods after the day of deposit for purposes of outgoing wire transfers, investment activities, F&M loan payments and certain computer initiated transactions (please refer to your On-Line Computer Services agreements):
Two Business Days for Local Checks
Five Business Days for Nonlocal Checks

To determine whether a check is a local or nonlocal check, look at the routing number located at the bottom of the check. If the first four digits of the routing number are 1030, 1031, 1039, 3030, 3031 or 3039, then the check is a local check. Otherwise, the check is a nonlocal check. Some checks are marked "payable through" and have a four- or nine- digit number nearby. For these checks, use the four-digit number (or the first four digits of the nine-digit number), not the routing number on the bottom of the check, to determine if these checks are local or nonlocal. You should ask a bank representative in determining whether a check is local or nonlocal.

Holds on other funds
If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Likewise, if we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately, but delay your ability to withdraw a corresponding amount of funds that you have on deposit in another account with F&M Bank. In either case, these funds will be available in accordance with our policy described in this disclosure for the type of check which was cashed or deposited.

Longer delays may apply
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. However, the first $100 of your deposits will be available on the first business day.

If we are not going to make all of the funds from your deposits available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
 - We believe a check you deposit will not be paid.
 - You deposit checks totaling more than $5,000 on any one day.
 - You redeposit a check that has been returned unpaid.
 - You have overdrawn your account repeatedly in the last six months.
 - There is an emergency, such as failure of communications or computer equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and will tell you when the funds will be available. They will generally be available no later than the 11th business day after the day of your deposit.

New Accounts
If you are a new customer, the following special rules may apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, travelers, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than U.S. Treasury checks) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available no later than the 11th business day after the day of your deposit.

MMDA Disclosure
Each Primary checking transaction account shall consist on the Bank records as two sub-accounts, a transaction sub-account and a savings sub-account. The sub-accounts will be treated as a single account for the purpose of recordkeeping, fees, minimum balances and the payment of items. All checks, debits and withdrawals are presented against the transaction sub-account for posting. If the account accrues interest, interest will be paid on the aggregate collected balance of the transaction sub-account and the savings sub-account. If the account does not accrue interest, neither the transaction sub-account nor the savings sub-account will accrue interest. The annual percentage yield shall be disclosed on the Primary checking transaction account's monthly statement. Any interest earned will be calculated and displayed as an interest payment on your Primary checking transaction account statement each month. The statement activity on your Primary checking transaction account and any record of the account at an ATM will reflect this as a single account and will not affect the sub-accounts in any way. We have created this account with these attributes as a result of reserve requirements of the Federal Reserve Board. The Bank will assure that the savings sub-account complies with all applicable Federal Reserve Board requirements. This will allow the Bank to invest greater sums in lending and other investment activities which will benefit this community.

Withdrawals and deposits to the Primary checking transaction account will remain the same and will be posted on each depositor's Primary checking transaction account. In all other respects, all provisions of the Bank deposit account agreement, account rules, regulations and disclosures shall remain the same without reference to the sub-accounts.