Overdrafts happen, but they don’t have to hurt. Protect your account with Savings-Link.

Calculator

Key Features

  • Automatic Transfers
  • Linked to Checking Account
  • Automatically transfers funds toward an overdraft balance in any linked checking account
  • Protects your credit and prevents transaction denials
  • $12.50 per transfer
  • Earn competitive interest on entire balance
  • Avoid the $3 monthly service charge by maintaining a minimum daily balance of $300 or more1
  • 6 free withdrawals per month; $5 fee for withdrawals in excess thereafter
    • Does not apply to Savings-Link transfers and F&M Bank online banking transfers
    • Fee(s) for excess withdrawals are waived if $300 minimum daily balance is maintained
  • Free online and mobile banking services, including:
    • Free eStatements
  • $100 minimum deposit to open

Learn More

Check here for a complete overview of Savings-Link Overdraft Protection.

  • $12.50 per transfer; only one aggregate transfer occurs per day; and the fee is assessed from the checking account, after the transfer.
  • Savings-Link Transfer Fees cannot be waived by maintaining a minimum daily balance in the Savings-Link account.
  • The Savings-Link Transfer Fee is reversed when an automatic Savings-Link transfer occurs and the funds transferred are not sufficient to pay at least one of the incoming debits creating the overdraft balance in the linked checking account.
  • Savings-Link does not transfer funds to cover overdrafts caused by Automated Teller Machine (ATM) transactions, or everyday debit card overdraft transactions (also known as Point of Sale or POS transactions). However, in some cases your linked checking account may become overdrawn by an ATM or POS transaction. In this event, Savings-Link may transfer available funds toward the overdraft balance in the linked checking account, and you will be charged a Savings-Link Transfer Fee. The available balance in your Savings- Link account is not included in Online Banking, ATM, Text Banking, or merchant pre-authorizations when determining your available checking account balance.

When Savings-Link has sufficient funds to cover the overdraft balance in the linked checking account

  • An automatic transfer from the Savings-Link account into the checking account occurs; and
  • The total amount transferred from the Savings-Link account into the checking account will include:
    • The amount of the overdraft balance in the checking account, plus
    • $12.50 for the Savings-Link Transfer Fee, plus
    • $0.01 to keep the checking account at a positive balance.

When Savings-Link does not have enough funds to cover the overdraft balance in the linked checking account

  • An automatic transfer from the Savings-Link account into the checking account occurs, up to the Savings-Link account balance excluding $0.01 to keep the Savings-Link at a positive balance; and
  • The transfer will reduce the amount of the overdraft in the checking account, and may make funds available to pay incoming items; and a $12.50 Savings-Link transfer fee will be charged to the checking account.
  • The Savings-Link Transfer Fee is waived when an automatic Savings-Link transfer occurs and the funds transferred are not sufficient to pay at least one of the incoming debits creating the overdraft balance in the linked checking account.

Savings-Link for Individuals offers the convenience of automatic fund transfers toward an overdraft balance in your linked checking account. Owners of both Accounts must be the same. Interest on the Savings-Link account is credited to the account on the monthly statement cycle date.

Savings-Link for Individuals is available to Consumer Customers. The Minimum Opening Deposit requirement is $100. Monthly Service Charge is $3. The Monthly Service Charge will be waived if, during that monthly statement cycle, you maintain a minimum daily balance of $300 in your Savings-Link account. There is an Excess Activity Fee of $5 fee per withdrawal in excess of six (6) per statement cycle, excluding Savings-Link Transfers and F&M Bank Online Banking transfers. Excess Activity Fee(s) will be waived if, during that monthly statement cycle, you maintain a minimum daily balance of $300 in your Savings-Link account. The Savings-Link Transfer Fee is $12.50 per transfer; only one aggregate transfer occurs per day; and the fee is assessed from the checking account, after the transfer. Savings-Link Transfer Fees cannot be waived by maintaining a minimum daily balance in the Savings-Link account. The Savings-Link Transfer Fee is reversed when an automatic Savings-Link transfer occurs and the funds transferred are not sufficient to pay at least one of the incoming debits creating the overdraft balance in the linked checking account.

1Monthly Service Charge refers to a recurring monthly account service charge or account maintenance fee; other fees and charges may apply.

For terms and conditions, account information, and a list of fees and charges that may apply, please refer to our Customer Agreement & Schedule of Charges, Books I & II.

This information is effective 4/1/2021 and subject to change anytime without notice.