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  First Midwest Bank Student Checking

First Midwest Bank Student Checking

in Checking Accounts from First Midwest Bank · Member fdic

Unaffiliated

First Midwest Bank Student Checking

Unaffiliated

in Checking Accounts from First Midwest Bank · Member FDIC

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

First Midwest Bank Student Checking Review

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

Key Takeaways
  • 0% APY. As with most checking accounts, First Midwest Bank Student Checking does not pay interest.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • 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 Student Checking Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not earn interest
  • Only available in 4 states.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
First Midwest Bank Student 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 Student Checking offer?

First Midwest Bank Student Checking is not an interest-bearing account.

What are the account minimums for First Midwest Bank Student Checking?

First Midwest Bank Student Checking requires a minimum initial deposit of $25 to open an account.

First Midwest Bank Student Checking Account Minimums
Description Amount
Minimum Opening Deposit $25

What fees does First Midwest Bank Student Checking charge?

The good news is that this account does not have a monthly service charge.

First Midwest Bank Student Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
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

What features and perks does First Midwest Bank Student Checking offer?

This account includes the following features:

  • Fraud monitoring - First Midwest Bank Student 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 Midwest Bank Student 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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Availability

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

Feature Breakdown

Minimum Opening Deposit Starting at $25
ATM Fee: In-Network $0
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 3%
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
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
  • Check Writing
  • Teen Checking Account
  • Student Checking Account

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