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Power Checking

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Power Checking

The Power Checking account is our signature account – and for good reason. You’ll earn interest and receive up to $15 in domestic ATM fee refunds for each cycle you qualify.

It’s easy to qualify and there are no monthly service fees. $100 minimum to open.

Open account


Standard Features

Power Checking Standard Features

Minimum balance to open


Minimum daily balance


Monthly service charge


Electronic statements

No fee and required.

If you choose to receive a paper statement (non-image or image), you will be charged $3/statement3 and will not qualify for the Power Rate.

Earns interest1,2

Yes, see Power Checking rates.

Power Checking reward qualifications

To qualify for the Power Rate and receive domestic ATM fee refunds, each qualification cycle, you must:

1. Receive electronic statements.

2. Make at least 15 debit card purchases that post and clear (ATM transactions aren’t included).

3. Make at least one direct deposit, automatic debit from a third party or bill pay transaction to post and clear.

Online and mobile banking

No fee; message and data rates may apply

Online bill pay

No fee

Standard debit card

No initial set up fee

Withdrawals from MidWestOne-owned ATMs

No fee

Withdrawals from ATMs not owned by MidWestOne

If Power Checking qualifications are met, domestic ATM fees will be refunded up to $15, which includes our $1 fee for using a machine not owned by MWO and fees charged by the machine owner.


If Power Checking qualification requirements are NOT met or if there are more than $15 per month in ATM fees, you will be charged $1 (plus any fees assessed by the ATM) per withdrawal.3


ATM surcharges greater than $4.99 are not automatically refunded and require receipt to be presented for a refund.


Optional Features


Power Checking Optional Feature

OneCard customized debit card

$10 initial set up fee3

Overdraft protection

Available, learn more


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 fourth Wednesday of the month .

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.