On October 26, 2001, the USA PATRIOT Act was signed into law. As an obligation of this law, financial institutions are required to obtain, verify and record information that identifies each person who opens an account. We proudly support all efforts to protect and maintain the security of our customers and our country.
Our Accounts at a Glance
|Account Type||Minimum Balance||Monthly Fee||Interest Earned||Other Benefits and Information|
|Regular Checking||$100.00 to open||None with $500.00 minimum average balance, or $8.00||No||Unlimited check writing, Free ATM or VISA card, Monthly statements with images|
|NOW Checking||$1000.00 to open||None with $1000.00 minimum average balance, or $10.00||Yes||Minimum balance to earn interest: $.01, Unlimited check writing, Free ATM or VISA card, Monthly statements with images|
|Easy Writer Checking||$100.00 to open||None||No||$.25 fee per check, Unlimited check writing, Free ATM or VISA card, Monthly statements with images|
|FREE Checking||$100.00 to open||None||No||Unlimited check writing, Free ATM or VISA card, No images on monthly statements|
|Senior Citizen Checking (62 years or older)||$100.00 to open||None||No||Unlimited check writing, Monthly statements with images, Free bank logo checks|
|Money Market Accounts||$1250.00 to open||None with $1250.00 minimum average balance, or $10.00||Yes||
Personal or Business accounts, Minimum balance to earn interest: $.01, Interest compounded daily and paid monthly, Interest rate may change daily, Monthly statements with images
Limited check writing: per Federal Regulation, withdrawals limited to six (6) covered transactions per month, $7.50 charge per each excessive withdrawal
|Health Savings Account||$100 to Open||None||Yes||A checking account for those who have a high deductible health plan and who want to save for future qualified expenses on a tax-free basis.
*You must be enrolled in a high deductible health plan to qualify.
The Farmers State Bank requires you to be present at one of our locations to open a deposit account. The deposit account application is attached below for you to fill out and bring with you to the bank to open an account. Each person that is going to be on the deposit account needs to fill out the deposit account application. To open a new account 2 forms of identification are required. To find out what types of identification are acceptable at The Farmers State Bank please open this link or the one below labeled Acceptable Forms of ID.
The Farmers State Bank only opens accounts for depositors within its service area in northeastern Colorado.