Bank of the Federated States of Micronesia review
Updated October 14, 2026 · SumCue Editorial Team
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Our verdict
The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts.
Key facts
- Best for
- FSM business savings customers following the October 2025 account migration
Pros
Pros
- The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts.
- Customers may still request a passbook, while account information becomes available through digital banking; this is a business-account migration notice.
Ready to try Bank of the Federated States of Micronesia?
Who it suits
- FSM business savings customers following the October 2025 account migration
Account
The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts. Customers may still request a passbook, while account information becomes available through digital banking; this is a business-account migration notice.
How Bank of the Federated States of Micronesia compares
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit, Deposit protection.
Bank of the Federated States of Micronesia
FSM business savings customers following the October 2025 account migration