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Business Interest Checking

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Business Interest Checking

Do you operate an established business with higher checking account activity? Our Business Interest account lets you earn interest and waives the monthly service charge with a minimum daily balance of $5,000 or more.

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Standard Features

Standard features
Minimum balance to open$100
Minimum daily balance$5,000
Monthly service charge1$10 if minimum balance falls below requirement
Limitations200 no fee debits, credits and deposited items per month
Activity fee1$0.30 for each additional debit, credit or deposited item in excess of 200 per month.
Earns interest2,3Tiered and compounded monthly
Earnings creditNo
Business online & mobile bankingNo fee, message and data rates may apply
Business debit cardNo initial set up fee
Withdrawals from MidWestOne-owned ATMsNo fee
Withdrawals from ATMs not owned by MidWestOne1$1/withdrawal
Electronic statementsNo fee


Optional features

Optional features
ACH Manager4Available, learn more 
Positive PayAvailable, learn more 
Remote deposit capture4Available, learn more
Wire Manager4Available, learn more
Overdraft protectionAvailable, learn more 
Online bill payNo fee
Quick Books integrationNo fee
Paper statements1
(Non-image or Image)

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1Sales tax may apply.

2Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.

3Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers.

4Subject to credit approval.