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Farmers State Bank is a full service bank with a complete line of deposit products to suit your needs. Whether you've just started saving for college, need a checking account with automatic debit capabilities or are a small business owner looking for a business debit card, we can meet your needs. For specific information about these services and more, click on the menu items at left.

Checking Accounts

On-the-Go Premium Plus Personal
Minimum Balance $50.00* $1000.00** $300.00*
Free Debit Card
Free BillPay $6.95/mth
($0.55 per bill after 15)
Free Online Banking
Free Mobile App
Free Checks
Direct Deposit Required to waive monthly fees
Earn Interest on balance over $1,000
Overdraft Protection Fee
Free Safe Deposit Box

*Monthly service fees may apply if monthly minimum balance requirements are not met.

**Must maintain a minimum daily balance of $15,000.00 in any combination of deposit accounts.

***See our Products and Services brochure for additional features and benefits— visit any of our offices for more details.


CardValet Available for Real Time Debit Card Management

CardValet logo

CardValet is now available to help you manage your debit card. Using CardValet, debit card holders can set parameters for when, where, and how their debit card is used. It's easy to "turn off" your debit card from your smartphone and then "turn on" your debit card when you want to use it.

The on/off feature is only one of the safeguards available with CardValet. Using the GPS system on your smartphone, geographic use restrictions can be set. Real-time alerts create another layer of fraud protection. CardValet puts the control of your debit card in your hand! Look for it in Google Play and App Store today. It's simple and easy to use.


NOW Account

Interest paid on this account is variable, calculated on a daily ledger balance, and paid monthly. Interest is only paid for each day the ledger balance is equal to or exceeds $500.

Monthly Maintenance Fee: if the daily ledger balance falls below $500: $7.50.

Activity Charges: First 30 checks written per statement cycle, no charge, then 20 cents per check.

There is no charge for the bank to safekeep images of your checks.

Image statements can be returned with your monthly statement for a fee of $3.75 per month. Variations on the number of images per page and inclusion of the backs of the checks are options available for an additional $1.50 per month for each option.

Super NOW Account

Interest paid on this account is variable, typically somewhat higher than our NOW account, calculated on a daily ledger balance, and paid monthly. Interest is only paid for each day the ledger balance is equal to or exceeds $1000.

Monthly Maintenance Fee: if the daily ledger balance falls below $1000: $15.00.

Activity Charges: None, unlimited number of checks may be written per statement cycle.

There is no charge for the bank to safekeep images of your checks.

Image statements can be returned with your monthly statement for a fee of $3.75 per month. Variations on the number of images per page and inclusion of the backs of the checks are options available for an additional $1.50 per month for each option.


Money Market Account

A type of Statement Savings Account with limited check writing capabilities attached. Interest paid on this account is variable, typically higher than our NOW and SUPER NOW accounts, calculated on a daily ledger balance, and paid monthly. Interest is only paid for each day the ledger balance is equal to or exceeds $1000.

Monthly Maintenance Fee: if the daily ledger balance falls below $1000: $20.00.

Activity Charges: None, activity is limited to 6 pre-authorized transfers (telephone transfers, wire transfers, checks and ATM withdrawals) per month. Unlimited in-person withdrawals (requires teller notification of the nature of the transaction).

There is no charge for the bank to safekeep images of your checks.

Image statements can be returned with your monthly statement for a fee of $3.75 per month. Variations on the number of images per page and inclusion of the backs of the checks are options available for an additional $1.50 per month for each option.


Business Checking Account

Monthly Maintenance Fee: $5.50.

Activity Charges: 25 cents per deposit, 20 cents per check.

Credit to offset charges: 15 cents per $100 minimum balance during the statement cycle.

There is no charge for the bank to safekeep images of your checks.

Image statements can be returned with your monthly statement for a fee of $2.95 per month along with the following options:

  • Images per page variation - additional $1.50 per month.
  • Back of checks option - additional $1.50 per month.

Optical disk option -- $19.75 per month.

Now you can re-order your business checks online directly from Deluxe.


Miscellaneous Fees

Non-Sufficient Fund related fees are set to discourage overdrafts.

Business
Paid Overdraft of Checking Account or
Non-Sufficient Funds check returned
$0.00 - $999.99
$1,000.00 - $2,499.99
$2,500.00 & Over
$30.95
$35.95
$40.95
Account has a continuing negative balance after 3 days $5.95/day
Locking Night Deposit Bag $15.00 each
Non-Locking Night Deposit Bag $3.00 each
Single stop payment fee $30.95 each

Consumer
Non-sufficient funds check returned $30.95
Overdraft of checking account $30.95
Account has a continuing negative balance after 3 days $4.95/day
Deposited item - returned $9.95
Single Stop payment $30.95
Recurring Pre-authorized Stop Payment $35.95
Special Statement $5.00 - $7.00
Statement balancing and record search $30.00/hour

Online Banking
Online BillPay Service $6.95 per month up to 15 bills, $.55 each thereafter

Effective 2/01/2015


Other Products and Services

Safety Deposit Boxes

Various sizes of boxes are available at each of our offices for annual rental rates of $35 to $75 depending on the size of the box. Sizes range from small (3" x 5") to ex-large (10" x 10").

Cashier's Checks & Personal Money Orders

Cashier's Checks are available for $5.00 each. Money Orders are available for $3.00 each.

ATM & Debit Cards

Use of automatic ATM machines not owned by Farmers State Bank: Withdrawals -- $1.50. NO CHARGE for Withdrawals at ATMs owned by Farmers State Bank. No charges by Farmers State Bank for deposits or balance inquiries at any ATM. To report lost or stolen ATM or Debit Cards after hours call 800-472-3272.

Wire Transfers

Outgoing wire transfers to qualifying financial institutions are available for a $25.00 charge. There is a $15.00 fee for Farmers State Bank to receive a wire transfer. Outgoing foreign transfers are available for $45.00


Effective 2/1/2015


Statement Savings Account

Interest paid on this account is variable. It is calculated on a daily basis and paid quarterly. Statements are sent quarterly. When an electronic transfer occurs, a monthly transcript will be mailed to you.

Charges: (Effective 2/1/15) $5.50 quarterly fee if minimum balance falls below $250.00. There will be a $15.00 charge if account is closed within three months of opening. No interest earned on balances below $250.00.


A child putting money into a piggy bank

Kids Klub

Here’s the perfect account for a family with kids. It’s never too soon (or too late) to “Teach Children to Save.” We want to help parents get their kids involved. We think banking can be fun for kids and parents, too. It’s easy to qualify to be a Kid. Come in to one of our offices today and join our Kids Klub. We’ve got some pointers for parents, too!

Account Requirements to Qualify:
  • Parent or guardian must have an account (checking, savings, loan, or certificate of deposit) with FSB
Savings Account for “Kids”:
  • Age 16 and Under
  • The account must be opened in the Child's name, with a parent as co-owner.
  • No minimum balance required, no fees.
Account Benefits:
  • Ability to open a certificate of deposit (CD) with $250.00.

Traditional Individual Retirement Accounts (IRA)

If you are under age 70 ½ for the entire tax year and have compensation, you are eligible to establish an IRA, even if you already participate in any type of government plan, tax-sheltered annuity, simplified employee pension plan, Savings Incentive Match Plan for Employees of Small Employers, or qualified plan established by an employer. Please consult your tax advisor for your personal eligibility determination. IRA maturity terms range from 12 months to 60 months with interest rates fixed for the term you select. A substantial penalty is charged for early withdrawal prior to maturity unless the withdrawal is penalty free under IRS rules. Available with minimum deposit of $500.00. (Effective for all IRAs opened on or after June 30, 2014)


Roth Individual Retirement Accounts (Roth IRA)

The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from these accounts than from a traditional IRA. To be eligible you must have earned income (or your spouse must have earned income) and your modified adjusted gross income cannot exceed certain limits.

Please consult your tax advisor for your personal eligibility determination. IRA maturity terms range from 12 months to 60 months with interest rates fixed for the term you select. A substantial penalty is charged for early withdrawal prior to maturity unless the withdrawal is penalty free under IRS rules. Available with minimum deposit of $500.00. (Effective for all IRAs opened on or after June 30, 2014)