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POWER CHECKING

Checking account with power and simplicity.

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Earn special Power Checking interest rates on qualifying balances.

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Power Checking Account Details

Power Checking Highlights:

  • $25 minimum opening deposit
  • No daily balance requirements
  • No monthly service charge
  • Earns interest
  • Ability to add a Power Savings Account

meet these Monthly qualifications1,2,5...

  • Enroll in eStatements4
  • Make 15 debit card purchases
  • Have one direct deposit per month

...and receive these additional benefits

  • Up to $15 in ATM fees refunded3
  • Earn a higher interest rate

All MidWestOne Checking Accounts Come With:

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Online Resources

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From Money Market to Mortgages and everything in between. Read the latest blog posts from MidWestOne Bank.

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Watch videos and tutorials on products and services available at MidWestOne.

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Important Power Checking Dates

Power Checking Qualification Cycles end on the fourth Wednesday of each month. On this day, transaction counts are finalized and interest is paid. Transactions that have posted and cleared are no longer in pending status. Any transactions pending when the Power Checking Qualification Cycle ends will not be included in the current cycle. Domestic ATM fees are refunded to the account once the Power Checking qualifications are met.

The current qualification cycle will end on October 22, 2025.

 

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.

3Refunds up to $15 per qualification cycle will be made for domestic ATM fee surcharges. (Includes both surcharges charged by ATM owner and ATM usage fee for not using a MidWestOne owned ATM). Must qualify for Power Checking rewards to receive refund. ATM surcharges greater than $4.99 are not automatically refunded and require the presenation of the recipts for refund.

4A $3 Paper Statement Fee will be charged per statement, per account if the electronic statement requirement is not met.

5Qualification cycles end on the same day as the statement cycle (4th Wednesday of each month.)