First Midwest Bank Midwest Checking Review
First Midwest Bank Midwest Checking is offered by First Midwest Bank,
founded in 1933 and based in Chicago, .
First Midwest Bank Midwest Checking is available in
4 states across the USA.
- Low APY. The maximum annual percentage yield for this account is only 0.03%.
- Charges a monthly fee. This account charges a monthly maintenance 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.
- Free bill pay. Pay your bills to practically anyone in the United States through First Midwest Bank.
- Hard credit pull. First Midwest Bank may require a hard pull on your credit report to open a checking account.
First Midwest Bank Midwest Checking 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 Midwest 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 Midwest Checking offer?
First Midwest Bank Midwest Checking 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 Midwest Checking Rates and Terms
|APY (Annual Percentage Yield)
||0.01% - 0.03%
What are the account minimums for First Midwest Bank Midwest Checking?
First Midwest Bank Midwest Checking requires a minimum initial deposit of $100 to open an account.
First Midwest Bank Midwest Checking Account Minimums
|Minimum Opening Deposit
|Minimum Direct Deposit to Avoid Monthly Fee
|Minimum Balance to Avoid Monthly Fee
What fees does First Midwest Bank Midwest Checking charge?
This account charges a monthly maintenance fee of up to $12.
First Midwest Bank Midwest Checking Fees
|ATM Fee: In-Network
|Debit Card Replacement Fee
|Early Account Closure
|Foreign Transaction Fee (Debit Card)
||$0 - $12
|Online Bill Pay Fee
|Overdraft Item Fee
|Overdraft Protection Fee (per transfer)
|Returned Deposit Fee (Domestic)
|Returned Deposit Fee (International)
|Stop Payment Fee
|Wire Transfer Fee - Domestic (Incoming)
|Wire Transfer Fee - Domestic (Outgoing)
|Wire Transfer Fee - International (Incoming)
|Wire Transfer Fee - International (Outgoing)
|ATM Fee: Out-of-Network
What features and perks does First Midwest Bank Midwest Checking offer?
This account includes the following features:
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - First Midwest Bank Midwest 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.
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.