Close
Skip to Content

Compare Checking Accounts

Home Personal Banking Checking Compare

Compare Checking Accounts

FeaturesPower CheckingConnections ClubRelationship CheckingFree Checking
Earns interest1,2Yes - see Power Checking ratesYes - tiered see Connection Club ratesYes - tiered see Relationship Checking ratesNo
Minimum balance to open$100$1,000$1,000$100
Minimum daily balanceNone$1,000, or a total relationship balance of $10,0004$1,000, or a total relationship balance of $25,0004None
Monthly service charge3None$10 if balance requirements are not met$10 if balance requirements are not metNone
ATM fee refundsUp to $156

5 free withdrawals per statement cycle at ATMs not owned by MidWestOne.

$1/withdrawal after 5

5 free withdrawals per statement cycle at ATMs not owned by MidWestOne.

$1/withdrawal after 5

No
Online and mobile banking5YesYesYesYes
Bill payYesYesYesYes
No fee mobile depositYesYesYesYes
Safe deposit box discountNo$18NoNo
Travel opportunities and eventsNoYesNoNo
Electronic statementsFree, and requiredFreeFreeFree, and required
Overdraft protection availableYesYesYesYes

 

Open Account

 

1Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.

2Interest 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.

3Sales tax may apply to service fees for accounts maintained in Iowa.

4Relationship balance includes personal checking, personal savings, certificates of deposits, individual retirement accounts, and current balance on consumer loans (home equity line of credit, fixed rate repayment option, home equity, line of credit & installment). Excluding residential real estate loans, demand deposit loans and fresh start loans.

5Message and data rates may apply.

6Power Checking qualification requirements must be met per qualification cycle. ATM surcharges greater than $4.99 are not automatically refunded.