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  First Mid Bank & Trust Interest Checking

First Mid Bank & Trust Interest Checking

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

Unaffiliated

First Mid Bank & Trust Interest Checking

Unaffiliated

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

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Highlights
Monthly Fee $0 - $7
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $1,500
APY (Annual Percentage Yield) 0.01%

First Mid Bank & Trust Interest Checking Review

First Mid Bank & Trust Interest Checking is offered by First Mid Bank & Trust, a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Interest 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 $7, but the fee is waived if you keep a minimum balance of $1,500.
  • $1,000 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 $4 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 Interest 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 Interest 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 Interest Checking offer?

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

First Mid Bank & Trust Interest 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 Interest Checking?

First Mid Bank & Trust Interest Checking requires a minimum initial deposit of $1,000 to open an account.

First Mid Bank & Trust Interest Checking Account Minimums
Description Amount
Minimum Opening Deposit $1000
Minimum Balance to Avoid Monthly Fee $1,500

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

This account charges a monthly maintenance fee of up to $7.

First Mid Bank & Trust Interest Checking Fees
Description
ATM Fee: In-Network $0
ATM Reimbursement Monthly Limit $4
Bank Teller Fee $0
Check Cashing Fee $0
Monthly Fee $0 - $7
Online Bill Pay Fee $0
Paper Statement Fee $0

What features and perks does First Mid Bank & Trust Interest 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 $4.
  • Fraud monitoring - First Mid Bank & Trust Interest 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 Interest 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.

Contact

  • Headquarters
  •   1515 Charleston Ave
    Mattoon, IL 61938
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:00pm
  • Tuesday 9:00am - 4:00pm
  • Wednesday 9:00am - 4:00pm
  • Thursday 9:00am - 4:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 12:00pm

Other Services by First Mid Bank & Trust

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Availability

  Available in 2 states
  • Illinois
  • Missouri

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
Minimum Balance to Avoid Monthly Fee $1,500
ATM Fee: In-Network $0
Bank Teller Fee $0
Check Cashing Fee $0
Online Bill Pay Fee $0
Paper Statement Fee $0
ATM Reimbursement Monthly Limit $4
Monthly Fee $0 - $7
Bank Account Features
  • FDIC Member
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01%

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