Lawrence Bank Volunteer Bank F&M Bank Digital Banking User Guide Personal Banking

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Debts Overview The debts tool helps you quickly pay down debt, ultimately saving you money spent on interest without making big budget cuts or sacrifices. When your debts are imported into our Financial Tools feature, make sure the annual percentage rate (APR) and minimum payment are accurate. A B G

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On the Home page, click the Debts tab. A. Click the icon to filter your net worth by account. B. Select a debt payoff option using the drop-down. C. The dotted line indicates how long it will take to pay off your debts using the payoff option you selected. D. The chart illustrates an accelerated payoff time line using the snowball method. E. Your debts are listed below the chart. Click a debt to edit your APR interest and minimum payment. Go to page 107 for more information. F. Click the “What is Snowballing?” link to view more details about the snowball method. G. Click the “Total Monthly Paydown” link to make an extra payment toward debt. Go to page 108 for more information.

Financial Tools: Online Banking Home Page