Deal has ended, view more F&M Bank deals by clicking here.
Offer at a glance
- Maximum bonus amount:Â $115
- Availability:Â VA only
- Direct deposit required:Â Yes, no minimum required
- Additional requirements:Â See below
- Hard/soft pull:Â UnknownÂ
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â $25, six months
- Household limit:Â None listed
- Expiration date:Â August 24, 2023
Contents
The Offer
- F&M Bank is offering a $115 bonus when you open a new checking account and complete the following requirements:
- Use promo code 115Y
- Remain open for at least 115 days
- Have established a direct deposit
- Have had 15 card transactions
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Basic checking has no monthly fees to worry about.
Early Account Termination Fee
$25 if closed within six months, fee schedule here.
Our Verdict
If anybody goes for this bonus please share your experiences in the comments below.
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- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
I was approved. I live in Fairfax County, more than a 50 mile drive to the nearest branch in Winchester.
Credit card funding up to $500 is an option during the application; however, next business day I received a message saying my CC (Chase Ink Unlimited) was rejected.
In my reply message, I asked about alternative funding methods and the minimum amount required. Instead, the rep went ahead and successfully charged $10 to my CC, which coded as a cash advance.
Opened 5/30
$250×2 real DD per month (June-Sept, not sure the amount mattered)
15x Amazon reload
$115 bonus posted 9/21 (Day 115)
Not available in NoVA. All branches are along i-81 between Woodstock and Staunton.
In nova and entered my zip code and it asked to select preferred location. It didn’t say product not available in the area at this time like some other banks do.
Mine told me No Products Available.
Northernva
It goes to the select preferred location option for various NoVA zip codes, though it’s not entirely consistent. For example, 22202 and 22209 (Arlington) work, but 20191 (Reston/Herndon) and 20121 (Centreville) don’t work despite being much closer to the nearest branch in Winchester.
Weird.
Jimbo .
If you put in a zip that gives you the offer but signup with a zip (i.e your true zip) that wouldn’t give the offer will it work out?
I have no idea. My zip was included in the list.