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Mechanics & Farmers Bank

Mechanics & Farmers Bank

We Believe in the Power to Dream

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Mechanics & Farmers Bank Products

Checking
Savings
Lending
Credit Cards
Wealth
Business Banking
Business Loans
Treasury
Checking

Advantage Plus

This account combines convenience, great benefits, and the flexibility to manage your money.

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Dash Checking

The account to help manage your busy lifestyle. Dash Checking was designed with you in mind.

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Interest Checking

Interest Checking gives you full access to your money, plus you earn interest at competitive rates.

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Prestige Checking

The Prestige account offers the benefit of great checking features and value-added services.

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Savings

Statement Savings

The more you save now, the more options you will have when it comes to making large purchases or planning for life ahead.

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Golden Years

Let your life experience work in your favor, with this low-cost savings account intended for those 55 and older.

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Christmas Club

Get yourself in the holiday spirit all year long. Save the same amount every time, or vary amounts throughout the year.

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Youth Savings

It’s never too early to get in the habit of saving. So we created this low-cost account specifically for those 21 and younger.

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Health Savings Account (HSA)

At M & F Bank, we’re in a prime position to offer Health Savings accounts (HSAs) to individuals, Third Party Administrators (TPAs), agents, brokers & employers.

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Lending

Auto Loans

Getting the car or truck you love doesn’t have to be a hassle. We know you have places to be and we want to help you get there. Get started with our easy online application today.

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Home Equity Line of Credit (HELOC)

Whether it’s the renovation you’ve been dreaming of or an emergency expense there’s cash in your home to help you cover it. One of the benefits of home ownership is the ability to build equity over time.

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Personal Loans

Whether it’s a big expense or consolidating debt, we have options that meet your needs. Complete an easy online application or find a local branch to get started.

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Credit Cards

Personal Platinum Payback

Earn Cash Back As You Spend - No Annual Fee. Earn 1% Cash Back on all your qualifying purchases. Cash Back is redeemable at any time via the Payback Rewards website in $25 increments.

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Personal Platinum Preferred

Earn Points For Rewards - No Annual Fee. Earn points on everyday purchases redeemable for airfare, merchandise and gift card rewards. Opportunity to earn double and triple reward points on qualifying everyday purchases.*

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Personal World Elite Card

$200 Annual Airline Fee Credit - $299 Annual Fee. Earn 1 point for every $1 spent. Earn up to 5x bonus points on Perks Points Mall purchases and up to 3x bonus points on More Points site purchases. Redeem your points for hundreds of rewards.

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Personal World Card

Point & Cash Back Rewards -$35 Annual Fee.

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Wealth

Retirement Planning Income

A successful retirement in the future can often depend on having a solid plan now. If your money isn’t working as hard as you are, it may be time to act—there are no do-overs in retirement planning.

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Insurance Planning

We offer a wide variety of life, disability, and long-term care insurance to help with your protection needs. Protecting your family from a catastrophic loss is a vital part of your overall financial plan.

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College Planning

Thinking about the costs involved in a child’s education can be overwhelming, but the earlier you begin saving, the longer your money can work for you. Making prudent investment decisions can also make a big difference.

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Financial Planning

We start by helping you identify your goals, developing a plan to help you get there, implementing the plan, then tracking your progress along the way, while recommending changes where needed.

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Investments

M&F Bank provides, through its partners, access to numerous investment options and brokerage account types designed to help you achieve your financial goals.

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Trust & Estate Planning

Because estate planning often entails many facets of your personal finances, it often involves the coordinated efforts of qualified legal, tax, insurance, and financial professionals.

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Eldercare

Needing long-term care puts an enormous emotional and physical strain on your loved ones and family members. By planning ahead, you can help reduce this burden.

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Financial Planning Seminars

Education is the key to gaining valuable knowledge around the area of financial planning and investing. M&F is committed to providing helpful information to the communities we serve by offering financial education seminars.

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Business Banking

Regular Checking

Provides the convenience and security of a checking account for partnerships, corporations, general church organizations, and large proprietorships.

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Economy Checking

Especially designed for any organization or business that has a low level of checking account activity.

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NOW Checking

A fixed-rate interest-earning account that provides the convenience of checking with the income possibilities of a money market fund. It is offered to sole proprietorship’s, nonprofit organizations, governmental units, and funds held by a fiduciary.

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Community Checking

Developed for nonprofit and civic organizations (e.g., neighborhood associations, social clubs, church auxiliaries, etc.) with simple financial needs. Avoid monthly maintenance fees by maintaining low monthly balances.

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Statement Savings Account

One of the safest, smartest deposit options available – you have maximum flexibility, earn interest and retain immediate access to your money. An excellent way to provide overdraft protection on a checking account. FDIC insured.

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Investment Sweep Account

Especially designed for businesses that wish to achieve higher earnings from excess checking account balances while maintaining the ability to utilize their checking account for deposits and check writing.

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Certificate of Deposit (CD)

This investment account gives you the right combination of safety and flexibility while investing money. The current interest rate is guaranteed for the entire term of the CD. You determine the amount to invest and the length of the term.

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Business Loans

Commercial Mortgages

M&F Bank is a commercial lender and provides competitive pricing on a wide variety of commercial mortgage products for owner occupied and investment properties. Our team of experienced bankers offer industry knowledge and market area expertise.

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Equipment Loans

From heavy duty to general purpose, the equipment that you work with can be what helps keep your business competitive. Whether you are purchasing, replacing, repairing, or upgrading– M&F has options to fit your needs.

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Lines of Credit

Your business needs to keep running even when the unpredictable happens. A line of credit gives you the flexibility and convenience of being able to access cash quickly for any business purpose. Repay and reuse your line of credit as needed.

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Business Credit Cards

With our MasterCard credit card, you get hometown convenience, worldwide acceptance, great benefits, and much more. Choose the card best suited for your needs and apply today.

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SBA Loans

As a Small Business Association lender, we provide many loan options to help you meet your goals. M&F Bank’s SBA loans feature low down payments, affordable financing, longer repayment terms and fewer collateral requirements.

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Treasury

ACH Origination

This external fund transfer service provides easy, convenient transfer options including: direct deposit of payroll, direct payment, and returns & reversals.

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Wire Transfer

A safe, fast, and convenient method to transfer money anywhere in the USA to and from your account. Wire transfers can be initiated online or at a branch office, and usually can be sent and received in the same business day.

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Business Mobiliti

Our business mobile banking app provides the ease needed to manage your finances on the go. All you need is your M&F Bank business online banking username and password and a smartphone.

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CardValet®

With CardValet®, business owners can monitor and limit the spending of their employee cards. You will have the ability to select merchant codes, set spending thresholds, choose location parameters and receive alerts.

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Positive Pay

Positive Pay is designed to identify fraudulent checks and presenters. This service will match account number, check number, and dollar amount of each check presented for payment against a list of check previously authorized and issued by your company.

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Bill Pay

This option allows your to schedule onetime, variable or recurring electronic payments. You can set up, edit and view your payee list, and review your payment history. Reduces paperwork and costs.

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Remote Deposit Capture

This service allows our business customers the convenience of depositing checks that your receive at your location, without ever having to come to the bank. Checks can be scanned to create a digital deposit.

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Why Mechanics & Farmers Bank

CDFI Certified

M&F Bank is the only financial institution in North Carolina to receive a designation from the Community Development Financial Institution (CDFI).

Invested in Our Community

We have received a Community Reinvestment Action (CRA) rate of Outstanding from the FDIC for 25 years. The majority of all deposits are recycled back in the communities we serve.

A Focus on Development

We are committed to promoting personal and community development and we remain true to these values. Helping individuals, businesses, and community institutions grow and develop are the philosophical tenets that inform our decisions and guide our actions.

mechanics-farmers-bank-sba-lending

SBA Lending

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More than 100 years of helping small businesses grow.

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Visit a local branch or contact our team to open an account.

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