Free checking with rewards that matter is a real thing at F&M Bank.

Choose free Kasasa Cash® checking, and earn up to  1.00% Annual Percentage Yield (APY) on your balance. You’ll also get unlimited refunds on your ATM fees — just for doing banking basics that save us money and save you time! It’s our way of thanking you for banking with us. Do you Kasasa?®


  • Free checking that pays high interest
  • 1.00%  APY on balances up to $15,000
  • .10% APY on balances over $15,000 depending on balance in account
  • .03% APY if qualifications aren’t met
  • Unlimited refunds on your ATM fees, nationwide
  • Can link to high-interest Kasasa Saver® account
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free Online Banking & Bill Pay
  • Free Mobile Banking
  • Free eStatements
  • Free Visa® Check Card
  • Unlimited check writing
  • $10 minimum deposit to open
  • Complimentary identity theft protection

It’s So Easy to Qualify For Rewards

Just have the following transactions and activities post and settle to your free Kasasa Cash account each monthly qualification cycle:

  • At least 12 check card purchases
  • At least 1 direct deposit or automatic payment (ACH)
  • Be enrolled and agree to receive eStatements

That’s it! 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. And you can get right back to earning your full rewards the very next month.

Questions about Kasasa Cash® checking? Contact us or visit one of our branches in Harrisonburg, Staunton or throughout Augusta, Page, Rockingham and Shenandoah counties to speak with a member of our knowledgeable team.

Qualification Information

To earn your rewards just do the following transactions and activities in your Kasasa account during each Monthly Qualification Cycle:

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.

2023 First Quarter Kasasa Qualification Cycles:

December 20, 2022- January 17, 2023
January 18, 2023 – February 14, 2023
February 15, 2023 – March 15, 2023

Reward Information

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $15,000 receive APY of 1.00% ; and balances over $15,000 earn .10% APY on the portion of balance over $15,000, resulting in a range from 1.00% to 0.22% APY depending on the account’s balance and (2) you will receive reimbursements up to a maximum of $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 qualifications are not met, all balances in the account earn .03% APY and ATM fees are not refunded.

Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of statement cycle. APY = Annual Percentage Yield. APYs accurate as of November 21, 2022 . Rates and 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 minimum deposit is required to open the account. Monthly ACH credit/debit is a condition of this accounts. 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.

This account is not to be used for commercial purposes, excluding sole proprietors and not-for-profits, and there is a limit of one (1) account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact an F&M Bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa & Kasasa Cash are trademarks of BancVue, Ltd., registered in the U.S.A.

Have Questions? Get In Touch

phone icon540-896-8941