man paying at credit card reader

Personal Checking

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 to Open Monthly Fee Interest Earned Other Benefits and Information
Regular Checking $100.00 to open None with $500.00 minimum average monthly balance or $8.00 if the monthly average balance of $500.00 is not maintained. No Unlimited check writing, Free ATM or VISA Debit Card, Free monthly paper or electronic statement with images.
NOW Checking $1000.00 to open None with $1,000.00 minimum average monthly balance or $10.00 if the monthly average balance of $1,000.00 is not maintained. Yes Minimum balance to earn interest: $.01, Unlimited check writing, Free ATM or VISA Debit Card,  Free monthly paper or electronic statement with images.
Basic Checking $100.00 to open No Minimum Balance No Unlimited check writing, Free ATM or VISA Debit Card, No images on monthly statements, Free Electronic monthly statement, Paper statement available with a  $5.00 monthly fee.
Senior Citizen Checking (62 years or older) $100.00 to open No Minimum Balance No
Unlimited check writing, Free ATM or VISA Debit Card,  Free monthly paper or electronic statement with images. 

1 Free book of bank logo checks per year.
Money Market Accounts $1250.00 to open None with $1,250.00 minimum average monthly balance or $10.00 if the monthly average balance of $1,250.00 is not maintained. Yes
Personal or Business accounts, Minimum balance to earn interest: $.01, Interest compounded daily and paid monthly, Interest rate may change daily.  Free monthly paper or electronic statement with images.

 $7.50 fee for each each debit over six per month..
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.

Minimum balance to earn interest: $.01, Unlimited check writing, Free ATM or VISA Debit Card, Free monthly paper or electronic statement with images.
*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.