>Checking Accounts
Whatever you want in a checking account—a low minimum balance, interest payments, free checks—you can find it at Midwest Bank. With our checking accounts, you get:
- Unlimited, free access to your checking accounts via bank branch visits, Midwest Bank-owned and Allpoint®., STARsf®, and MoneyPass® ATMs, phone and online.
- Free online bill payment with BillPayer.
- Convenient recordkeeping and filing with check imaging.
- Faster funds availability with direct deposit.
- Quick, secure funds transfer between your checking accounts, by phone or online.
- Overdraft protection options.
- Online check ordering.
Here’s a summary of our checking accounts and their features:
| Free Checking | Interest Checking | Check 50 (for those age 50 years or better) | |
|---|---|---|---|
| Minimum balance to open | $50 | $100 | $50 |
| Interest Rate and APY(1) | N/A | Yes, on balances of $1,000 or more. Variable interest rate and APY; monthly compounding of interest | Variable interest rate and APY; monthly compounding of interest |
| Service charge | None | $15 monthly fee if balance falls below $1,000 during statement period | None |
| Debit (check writing) fees | None | None | None |
| ATM Transactions | $1.00 fee for each deposit, withdrawal or inquiry made at non-Midwest Bank owned ATMs that are not part of the Allpoint®, STARsf®, and MoneyPass® networks | $1.00 fee for each deposit, withdrawal or inquiry made at non-Midwest Bank owned ATMs that are not part of the Allpoint®, STARsf®, and MoneyPass® networks | $1.00 fee for each deposit, withdrawal or inquiry made at non-Midwest Bank owned ATMs that are not part of the Allpoint®, STARsf®, and MoneyPass® networks |
| Check images | Free online (individual copies available for $1 per copy) | Mailed monthly and available online | Mailed monthly and available online |
| Personalized checks | Fees vary based on style and quantity | Fees vary based on style and quantity | Free (basic style only) |
| Other benefits | N/A | N/A | Free cashier’s checks, money orders, traveler’s checks(2); ¼% bonus on standard CDs(3) |
(1) Annual Percentage Yield
(2) Single signature only
(3) Not available on special promotion CDs
Midwest Bank serves the five-county Chicagoland area. To better serve our customers, Midwest Bank reserves the right to limit its account (including Certificate of Deposit) offerings to that area and also to solicit loans only in that area.
