Simple, Free Checking With No Monthly Fee
Prime Checking lets you open a free checking account online with just $25. There is no monthly maintenance fee or minimum balance requirement. You can also earn a cashback monthly reward when you meet the account’s activity requirements.1
Why Choose Our Free Checking Account?
Cashback Rewards
Earn a $7 monthly reward when you meet the activity requirements.1
No Monthly Maintenance Fee
Keep your checking account free with no minimum balance required.
ATM Flexibility
Use any ATM with 5 free non-FSB withdrawals, then $2/withdrawal.
FSB's Free Checking Account: Fees and Rewards
Prime Checking focuses on simple banking, monthly rewards, and everyday convenience with no fees.
Account Basics
- Minimum opening deposit: $25
- No minimum balance required
- No monthly maintenance fee
- No transaction fees2
How to Earn the $7 Monthly Reward
Earn your $7 reward each month when you meet the following minimum requirements:
- Direct deposit to your FSB checking account
- eStatements enrollment (Learn how to enroll in eStatements)
- Make 25 signature-based debit card transactions for $20 or more (excluding PIN-based and ATM transactions)
ATM Access
- 5 free ATM withdrawals at non-FSB terminals per statement cycle
- $2 per withdrawal after 5 free withdrawals
How to Open Free Checking Online
Prime Checking gives you easy, no-fee banking with a monthly reward when you meet the activity requirements.1 Apply online to get started!
1
Apply online or visit any FSB branch with your opening deposit of $25.
2
Sign up for Online Banking and enroll in eStatements for the full digital experience.
3
Use your debit card for everyday purchases and qualify for your monthly reward.1
Everyday Features With FSB's Free Checking
Your free checking account comes with core features that support secure and convenient banking across Iowa.
Compare FSB's Personal Checking Accounts
Find the checking account that fits your lifestyle. Compare features and decide which one meets your unique needs.
Open Prime Checking Online
Enjoy simple, no-fee banking with a monthly reward. Our personal bankers are ready to help you open your account online or at any convenient location.
I have banked with FSB for five years and have never been disappointed. The team is caring, attentive, and always willing to go the extra mile.- Trixia A., FSB accountholder in Iowa
Common Questions About FSB's Free Checking Account
Find clear answers to the most common questions about opening and using your Free Checking Account.
Does Farmers State Bank in Iowa offer a free checking account?
Yes. FSB offers a Free Checking Account through the Prime Checking program. You get a no-fee checking account with a monthly reward when you meet the activity requirements.1
How much do I need to open this free checking account with FSB?
You need $25 to open the account and there is no minimum balance required to keep the account free.
What counts toward the monthly reward with FSB's free checking?
You earn the monthly reward by completing three qualifying activities each statement cycle. You must enroll in eStatements, receive a direct deposit, and make 25 debit card purchases of $20 or more.
Only signature-based debit card purchases count. PIN-based and ATM transactions do not count toward the reward.
Is there a minimum balance to avoid fees with FSB’s free checking account?
No. There is no minimum balance required to keep the account free. The account has no monthly service fee, even if you do not meet the reward requirements.
Does FSB charge ATM fees for the free checking account?
You get 5 free non-FSB ATM withdrawals each statement cycle. After that, withdrawals cost $2 each. You can always make unlimited transactions at FSB-owned ATMs.
Is Prime Checking still free if I do not earn the $7 reward?
Yes. Prime Checking has no monthly maintenance fee and no minimum balance requirement, even when you do not meet the monthly reward requirements. You need $25 to open the account.
FSB's Free Checking Account Disclosures
1The debit card transactions described above must post to and clear the account on or before the last business day of the month. Each month the requirements are met, $7 will be credited to your account on the last business day of the month.
2ATM fees apply after free transactions are used. ATM owners may charge fees.
3Message and data rates may apply.
4Earn a $7 reward each month when you receive eStatements and make at least 25 signature-based debit card transactions (excluding PIN-based and ATM transactions) of $20 or more. The qualifying transactions must post and clear on or before the last business day of the month. When requirements are met, the $7 reward will be credited to your account on the last business day of that month.
5Plus applicable sales tax.
FSB is not responsible for typographical errors or omissions.
