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  First Midwest Bank Student Checking
First Midwest Bank Student Checking Unaffiliated

First Midwest Bank Student Checking

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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A

First Midwest Bank Student Checking Review

First Midwest Bank Student Checking is offered by First Midwest 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.
First Midwest Bank Student checking Pros & Cons
Pros Cons
  • No signup bonus.
  • Does not earn interest
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • 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?

No, your First Midwest Bank checking accounts are not insured by a federal insurance agency. This means that if First Midwest Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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 Minimums
Description
Minimum Opening Deposit Starting at $25

What fees does First Midwest Bank Student checking charge?

This account charges a monthly service fee of $0.

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 Starting at $3

Does First Midwest Bank Student checking charge overdraft fees?

No, First Midwest Bank Student checking does not charge overdraft fees.

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

This account includes the following features:

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

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

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Message From First Midwest Bank

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.

An account exclusively for students between 13 and 23 years of age. The path to a healthy financial future. A Smart and Convenient Choice for Today’s Independent Students!
All Student Checking accounts include online and mobile banking, and free transactions at any First Midwest ATM2 and more than 55,000 Allpoint® ATMs worldwide. Plus, you'll pay no monthly maintenance fee.

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 Starting at $3
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
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing
  • Teen Checking Account
  • Student Checking Account
APY (Annual Percentage Yield) 0%

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