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First Mid Bank & Trust Classic Checking

in Checking Accounts from First Mid Bank & Trust · Member fdic

Unaffiliated

First Mid Bank & Trust Classic Checking

Unaffiliated

in Checking Accounts from First Mid Bank & Trust · Member FDIC

Not enough votes for recommendation

Highlights
Monthly Fee	$0 - $4.95
ATM Fee: Out-of-Network	N/A
Minimum Balance to Avoid Monthly Fee	$5,000
APY (Annual Percentage Yield)	0.01%

First Mid Bank & Trust Classic Checking Review

First Mid Bank & Trust Classic Checking is offered by First Mid Bank & Trust, a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Classic Checking is available in 2 states across the USA.

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only .01%.
Charges a monthly fee. This account charges a monthly maintenance fee of up to $4.95, but the fee is waived if you keep a minimum balance of $5,000.
$100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Up to $12 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
Free bill pay. Pay your bills to practically anyone in the United States through First Mid Bank & Trust.
Hard credit pull. First Mid Bank & Trust may require a hard pull on your credit report to open a checking account.

First Mid Bank & Trust Classic Checking Pros & Cons

Pros	Cons
Interest-yielding account. Access to physical branches. Free debit card Access to a nationwide network of ATMs. No charge on incoming domestic or international wire transfers.	No signup bonus. Only available in 2 states. Monthly service charge.

First Mid Bank & Trust Classic Checking FAQ

Are checking accounts from First Mid Bank & Trust federally insured?

Yes, your First Mid Bank & Trust checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #3705). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does First Mid Bank & Trust Classic Checking offer?

First Mid Bank & Trust Classic Checking Rates & Terms
Description
APY (Annual Percentage Yield)	0.01%

First Mid Bank & Trust Classic Checking offers an APY of .01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for First Mid Bank & Trust Classic Checking?

First Mid Bank & Trust Classic Checking requires a minimum initial deposit of $100 to open an account.

First Mid Bank & Trust Classic Checking Account Minimums
Description	Amount
Minimum Opening Deposit	$100
Minimum Combined Balance to Avoid Monthly Fee	$50,000
Minimum Balance to Avoid Monthly Fee	$5,000

What fees does First Mid Bank & Trust Classic Checking charge?

This account charges a monthly maintenance fee of up to $4.95.

First Mid Bank & Trust Classic Checking Fees
Description
ATM Fee: In-Network	$0
ATM Reimbursement Monthly Limit	$12
Bank Teller Fee	$0
Monthly Fee	$0 - $4.95
Online Bill Pay Fee	$0
Paper Statement Fee	$0

What features and perks does First Mid Bank & Trust Classic Checking offer?

This account includes the following features:

ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $12.
Fraud monitoring - First Mid Bank & Trust Classic Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - First Mid Bank & Trust Classic Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
Nationwide ATM network - Conveniently transact at a nearby ATM.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.