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  First Midwest Bank Diamond Checking

First Midwest Bank Diamond Checking

in Checking Accounts from First Midwest Bank · Member FDIC

Unaffiliated

First Midwest Bank Diamond Checking

Unaffiliated

in Checking Accounts from First Midwest Bank · Member FDIC

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Highlights
Monthly Fee $0 - $20
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01% - 0.08%

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 is 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 maintenance fee of up to $20.
  • Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • Hard credit pull. First Midwest Bank may require a hard pull on your credit report to open a checking account.
First Midwest Bank Diamond Checking Pros & Cons
Pros Cons
  • 50% discount on Safe Deposit Boxes with this account
  • $250 mortgage closing cost rebate
  • The debit card offered for this account is a World Debit Mastercard.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • Very low APY
  • High criteria for avoiding a monthly maintenance fee.
  • No signup bonus.
  • Not FDIC-insured.
  • 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 First Midwest Bank checking accounts 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 (Annualized 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 Account Minimums
Description Amount
Minimum Initial Deposit $100
Minimum Combined Balance to Avoid Monthly Fee $25,000

What fees does First Midwest Bank Diamond Checking charge?

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

First Midwest Bank Diamond Checking Fees
Description
Monthly Fee $0 - $20
Paper Statement Fee N/A
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $3
NSF Fee $36
Overdraft Protection Fee (per transfer) $10
Overdraft Item Fee $36
Early Account Closure $25
Returned Deposit Fee (Domestic) $36
Debit Card Replacement Fee $5
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $37
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $50
Wire Transfer Fee - International (Incoming) $15
Returned Deposit Fee (International) $36
Wire Transfer Fee - Domestic (Incoming) $15
ATM Reimbursement Monthly Limit N/A

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.
  • Mobile Banking Services - First Midwest Bank Diamond 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Availability

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

Feature Breakdown

APY Minimum Balance $0
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Initial Deposit $100
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $20
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
ATM Fee: Out-of-Network $3
Bank Account Features
  • Branch Access
  • Debit Card
  • Fraud Protection
  • Mobile Banking
  • Check Images with Statement
  • Nationwide ATM Network
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01% - 0.08%

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