Cash Back Checking

F&M’s Cash Back Checking pays you back for daily card transactions.  The more you swipe, the more you save! Enjoy unlimited nationwide ATM fee refunds and a free checking account.  .


  • Earn 2% cash back on check card purchases
    • No category restrictions on purchases
    • Cash back earned on up to $400 in purchases monthly
    • Earn up to $8 cash back per month
  • Unlimited refunds on your ATM fees, nationwide 
  • $10 minimum deposit to open
  • Complimentary identity theft protection

How to qualify for rewards?  

Qualifying is simple!  Each month you must:  

  • Make at least 12 debit card purchases 
  • Receive at least 1 direct deposit or automatic payment (ACH) 
  • Be enrolled and agree to receive eStatements 

Even if you don’t meet your qualifications one month, don’t worry — your account is still free. Plus, you’ll still earn our base interest rate. 

Qualifications Information

Transactions and activities may take one (1) or more Banking Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit-card transactions processed by merchants and received by F&M Bank as ATM transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current Statement Cycle through one (1) day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which F&M Bank provides a summary of the financial activities and transactions that post and settle to the account holder’s account.

2022 Kasasa Qualification Cycles

Reward Information

When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive (1) 2.0% cash back on up to a total of $400 debit card purchases (excluding returns) that post and settle to the account during that qualification period. A maximum of $8.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $4.99 per single transaction for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within thirty (30) calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher.

When Kasasa Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of statement cycle. Rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $10.00 minimum deposit is required to open the account. Monthly ACH credit/debit is a condition of having your Kasasa Cash Back account. This account is not to be used for commercial purposes, and there is a limit of one account per social security number. Enrollment in electronic services (e.g. online banking, electronic statements) are required to meet some of the account’s qualifications.

F&M Bank reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over three (3) consecutive Statement Cycles.

Have Questions? Get In Touch

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