Overdraft Solutions

Two people romantically kissing under an umbrella in the rain

We've got you covered!

There are times that LIFE gets in the way of BANKING, so that is why at F&M Bank, we offer multiple overdraft solutions to cover those unexpected times when LIFE happens.

MyReserve

Utilize this solution to cover your overdrafts by connecting a checking, savings or money market to your checking account.

Is MyReserve right for you?
  • There is no enrollment or annual fee for this service; however, transaction fees may apply.
  • When needed, an automated advance from your selected F&M Bank account is transferred to cover an overdraft (up to the amount available).
  • An Automated Advance Fee may be charged to your checking account.
  • Partial automated advances which do not cover the whole amount needed for the overdraft will not be charged an Automated Advance Fee.

CreditReserve

CreditReserve is a line of credit that, within your given limit, can cover overdrafts on your checking account.

Is CreditReserve right for you?
  • There is no enrollment or annual fee for this service; however, transaction fees may apply.
  • Subject to credit underwriting with a CreditReserve application, credit approval and an F&M Bank checking account.
  • When needed, an automated advance from CreditReserve is transferred to cover an overdraft (up to the amount available).
  • An Automated Advance Fee may be charged to your checking account.
  • Partial automated advances which do not cover the whole amount needed for the overdraft, will not be charged an Automated Advance Fee.

F&M Bank also offers CourtesyCoverage, an overdraft service that can be there when you need it.

At F&M Bank, we encourage responsible account management; however, we understand that occasional and inadvertent overdrafts may occur. CourtesyCoverage is a discretionary overdraft service that may provide you with a safety net in the event of an overdraft. Even if you have MyReserve and/or CreditReserve, CourtesyCoverage serves as another layer of coverage if other overdraft solutions are exhausted.

CourtesyCoverage

With CourtesyCoverage, F&M Bank will strive to pay checks, ACH (automatic debits), in-person, telephone, online banking and recurring debit card transactions.

Is CourtesyCoverage right for you?
  • There is no enrollment or annual fee for this service; however, transaction fees may apply.
  • This service is automatically added to your F&M Bank checking account 30 calendar days after opening, upon our discretion, unless you decline.
  • When the items listed in the chart below are presented for payment, they may be paid saving you potential merchant fees; however, overdraft fees may apply.
  • You will receive a notice each time your account is overdrawn.
  • CourtesyCoverage is a non-contractual agreement and can be changed or withdrawn at any time.

CourtesyCoverage+

Upgrade your CourtesyCoverage to include payment of your ATM and everyday debit card transactions by opting in to CourtesyCoverage+.

Transaction Type CourtesyCoverage CourtesyCoverage+
Checks & ACH (Automatic Debits) Check mark Check mark
Recurring Debit Card Check mark Check mark
Online Banking Check mark Check mark
In-Person & Telephone Check mark Check mark
ATM
Check mark
Everyday Debit Card
Check mark



To learn more about our multiple overdraft solutions, contact an F&M team member or stop by any F&M location.

Note: See F&M Bank Overdraft Solutions Program and Disclosure for additional information