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Checking Account FAQs

A Farmers Bank checking account gives you convenient, 24/7 access to your money. You have the freedom and flexibility to make major purchases without having to carry around large amounts of cash. You can also pay bills online and have your paycheck directly deposited into your checking account.

Common Checking Account Questions

Are you interested in a Farmers Bank checking account, but are not exactly sure how they work? Here are some frequently asked questions regarding our checking accounts that may help.

Why should I open a checking account?

A checking account is a great way to store your money. An account also helps you keep track of your spending: you can simply record transactions in your account register. Checking accounts are also very convenient. As mentioned previously, your paycheck can be deposited into a checking account, pay bills and make purchases without cash.

How much does a checking account cost?

Most banks offer a variety of checking accounts and – depending on the type of checking account you choose – Some accounts may require you to keep a minimum balance at all times. If you fail to do this, you can be charged a service fee. Talking to one of our Friendly Customer Service Representatives at Farmers Bank help you evaluate the right checking account option for you.

What is Bill Pay?

Bill Pay is a banking service that allows you to pay your bills online. You don't have to worry about writing checks or buying stamps. You can contact one of our Friendly Customer Service Representatives at Farmers Bank at 870-763-8101 to find out more about our Bill Pay service.

Can kids get checking accounts?

A checking account may be a good way to teach children financial responsibility. Farmers Bank offers Student checking for students who are 16 to 24 years of age and enrolled in at least 6 hours of classes per semester.

Are checking accounts FDIC Insured?

Yes, based on ownership, your deposit account will have coverage of at least $250,000.

When will I get my checking account statement?

Your statement will arrive monthly via electronic statement or mail depending on the type of checking account.

What is Direct Deposit?

It's a free service offering that keeps you out of a lot of lines. No more trips to the bank to have your paycheck, Social Security benefit, or even interest and dividend payments automatically deposited into your account.

Is direct deposit required with your checking accounts?

Direct deposit is not required. But it is a good idea. Save yourself a trip to the bank by having your paycheck, Social Security benefit, or even interest and dividend payments automatically deposited into your account.

How do I change my legal name?

Gotten married or divorced? Visit one of our friendly Customer Service representatives at our main bank, with a valid ID card or Social Security Card with your new name as well as your Marriage Certificate/License or Decree of Dissolution of Marriage. For other events, bring an official document that specifies your new name.

How do I order (or reorder) checks?

You may order checks by dropping off your reorder form at your nearest branch of Farmers Bank or come into see our one of Customer Service Representatives.

How can I avoid monthly service fees?

Maintain the required minimum balance on your account.

What is an Overdraft Fee?

It's a fee that's assessed to an account when an item presented for payment posts against the account and the Available Balance is insufficient to cover the item.

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