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  First Midwest Bank Midwest Checking

First Midwest Bank Midwest Checking

in Checking Accounts from First Midwest Bank · fdic

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First Midwest Bank Midwest Checking

Unaffiliated

in Checking Accounts from First Midwest Bank · Member FDIC

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Highlights
Monthly Fee $0 - $12
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee Starting at $2,500
APY (Annual Percentage Yield) 0.01% - 0.03%

First Midwest Bank Midwest Checking Review

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

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.03%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $12, but the fee is waived if you keep a minimum balance of $2,500 or have a monthly direct deposit of $1,000.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through First Midwest Bank.
First Midwest Bank checking account Pros & Cons
Pros Cons
  • $150 mortgage closing cost rebate with this account.
  • 0.25% discounts on all secured consumer installment loans.
  • 20% discount on Safe Deposit Boxes
  • 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 (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.
First Midwest Bank checking account 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 checking account offer?

First Midwest Bank checking account offers an APY starting at 0.01% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change).

First Midwest Bank checking account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.01% - 0.03%

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

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

First Midwest Bank Midwest Checking Minimums
Description
Minimum Direct Deposit to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $2,500

What fees does First Midwest Bank checking account charge?

This account charges a monthly service fee of up to $12.

First Midwest Bank Midwest Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $12
NSF Fee $36
Online Bill Pay Fee $0
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

Does First Midwest Bank checking account charge overdraft fees?

Yes, First Midwest Bank checking account charges a $36 fee for every overdraft.

First Midwest Bank checking account offers overdraft protection at a cost of $10 per transaction.

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

This account includes the following features:

  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - First Midwest Bank checking account 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 checking account?

The customer support email for First Midwest Bank checking account 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 Midwest 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 options1 with different features and rewards.

Enjoy exclusive savings benefits and some of our best upgrades and rewards. Ideal for families. Quality service and rewards you deserve. Midwest Checking combines free transactions at more than 55,000 Allpoint® ATMs, Online and Mobile Banking, special CD rates, and tiered interest rates. Get the quality service you deserve with added rewards for those who continue to grow their First Midwest relationship.

Availability

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

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $2,500
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 - $12
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
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01% - 0.03%

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