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Account to Account Transfers

Easily move money between your F&M Bank accounts and your accounts at other banks.

Account to Account Transfers, or A2A Transfers, is a transfer of funds between your account with one financial institution and your account at another financial institution.

  • Automate your savings with recurring transfers
  • Securely transfer funds between business and personal accounts
  • Send funds to your college student

How does it work?

F&M Bank’s online and mobile platform allows you to enroll external accounts with ease.  Newly enrolled accounts will need to be verified before they can be used to transfer funds.

  1. Select Transfers from the main menu, or dashboard on F&M Mobile.

    account to account transfer external transfers

  2. Select +External account from the Transfers screen.
  3. Choose a situation and follow the corresponding steps.
    • Your institution uses multifactor security questions (MFA) to authenticate users. When prompted for the security question, answer it and select Submit. OR
    • Your institution uses two-factor authentication.  When prompted for your password, enter it and select Submit.
  4. Complete the Account name, Routing no., Account no., and Account type fields on the Add external account screen.external transfer fields account to account transfer
  5. Select Submit.
    • If the account is eligible to send inbound transfers to accounts in Banno Online, a message appears saying that two small deposits have been sent to the account and will arrive in 3-5 days.

    • Select OK.
    • Verify your deposit amounts after they appear in your external account(s) to activate external transfers.


Account to Account Transfer FAQs

  • How much does it cost?
    • Inbound transfers (money coming into your F&M Bank account) are free.
    • Outbound transfers (money leaving your F&M Bank account) will incur a $1.00 charge per transfer.
  • How much money can I transfer?
    • Customers can transfer up to $6,000 into their F&M Bank account(s) per day.
    • Outbound transfers are limited to $2,000 per day.
  • When can I make transfers?
    • The external transfer cutoff time is 3:00 PM.  Any transfers submitted after 3:00 PM will be processed on the next business day.
  • How much will the verification amounts be?
    • These micro-deposits will range from $0.01 to $0.99.
      • Clients will have 3 attempts to verify these amounts before needing to begin the process.
      • Micro-deposits not verified within 31 days will no longer be eligible for verification and the customer will need to restart the process.
  • How is this different from Zelle?
    • Zelle is a great platform for sending quick payments to another individual.  Account to Account Transfer allows you to send funds between account you own at different financial institutions.