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  First Midwest Bank Diamond Checking
First Midwest Bank Diamond Checking
in Checking Accounts from First Midwest Bank · Member FDIC
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First Midwest Bank Diamond Checking

Unaffiliated
in Checking Accounts from First Midwest Bank · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01% - 0.08%
Monthly Fee $0 - $20
Minimum Balance to Avoid Monthly Fee N/A

First Midwest Bank Diamond Checking Review

First Midwest Bank Diamond Checking is offered by First Midwest Bank, a bank founded in 1933 and based in Chicago, . First Midwest Bank Diamond Checking are available in 4 states across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.08%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $20.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

First Midwest Bank diamond checking Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Only available in 4 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.

First Midwest Bank diamond checking FAQ

Are checking accounts from First Midwest Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Midwest Bank diamond checking offer?

First Midwest Bank diamond checking offers an APY starting at 0.01% and ranging up to 0.08% (APY stands for annual percentage yield, rates may change).

First Midwest Bank diamond checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.01% - 0.08%

What are the account minimums for First Midwest Bank diamond checking?

First Midwest Bank diamond checking requires a minimum initial deposit of $100 to open an account.

First Midwest Bank Diamond Checking Minimums
Description
Minimum Opening Deposit Starting at $100
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Balance to Earn APY $0

What fees does First Midwest Bank diamond checking charge?

This account charges a monthly service fee of up to $20.

First Midwest Bank Diamond Checking Fees
Description
Monthly Fee $0 - $20
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $3
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $36
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $36
Returned Deposit Fee (International) $36
Stop Payment Fee $37
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
Online Bill Pay Fee $0
Debit Card Replacement Fee $5
Early Account Closure $25

Does First Midwest Bank diamond checking charge overdraft fees?

Yes, First Midwest Bank diamond checking charges a $36 fee for every overdraft. You can get overdraft protection at a cost of $10 per transaction.

What features and perks does First Midwest Bank diamond checking offer?

This account includes the following features:

  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - First Midwest Bank diamond checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Mobile Banking Services - First Midwest Bank diamond checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for First Midwest Bank diamond checking?

The customer support email for First Midwest Bank diamond checking is CustomerCare@FirstMidwest.com.

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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.

Message From First Midwest Bank diamond checking

You work hard for your money and it deserves a safe home. But not everyone has the same needs and goals when it comes to cash management. That is why we offer four distinct checking options with different features and rewards.

Enjoy the rewards of our most complete Diamond checking package. Build upon your existing relationship with us. Get rewarded for your relationship with a full featured checking account. With Diamond Checking you receive exclusive access to our best savings and money market rates with our Diamond Savings and Diamond Money Market accounts. Plus, you will earn tiered interest rates, so the higher your balance – the more you can earn.

Availability

  Available in 4 states
  • Illinois
  • Indiana
  • Iowa
  • Wisconsin

Feature Breakdown

Minimum Opening Deposit Starting at $100
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Balance to Earn APY $0
Monthly Fee $0 - $20
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $3
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $36
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $36
Returned Deposit Fee (International) $36
Stop Payment Fee $37
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
Online Bill Pay Fee $0
Debit Card Replacement Fee $5
Early Account Closure $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01% - 0.08%

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