To understand how a checking account creates value, just imagine cashing your paycheck, paying your bills and keeping track of your money without one. At First Midwest, our checking accounts create even more value with features that address other financial needs as well. Choosing the right checking service is a matter of matching the right account to your style of banking.

Determining Your Banking Style

When you’re trying to determine which checking account fits you best, one of the most important questions to ask yourself is… "What dollar balance can I keep in my account?" Balance plays a crucial role because it can help determine whether your needs are better met with a simple no minimum balance required* account, or a value packaged checking account that could be yours at no charge by maintaining a higher balance.

Your complete banking relationship with First Midwest can also play a key role. For instance, if you maintain $50,000 in combined balances in any combination of savings, money market, checking accounts, CDs or IRAs at First Midwest, our value packed Premier Performance Checking account could be yours at no cost.

Beyond balances, it’s a good idea to ask yourself the following important questions:

1. Is it important for you to earn interest on your checking account? If yes, would you be able to maintain higher balances to earn a higher rate of interest in a tiered rate structure?
2. Would you be willing to consolidate your banking relationship with First Midwest in order to avoid checking account fees and minimum balance requirements?
3. Do you tend to write a lot of checks or use ATMs more frequently?
4. Could you occasionally take advantage of a line of credit tied to your checking account that both provides overdraft protection and increases your purchasing power?
5. Would you like the ability to pay bills online?
6. Can you take advantage of automatic or direct deposit of your payroll or social security into your checking account?
7. Would you like to take advantage of a special program designed for clients age 50 and over?
8. Are you interested in saving money on selected purchases, travel expenses, and personal protective services?

Cash Flow Analysis Calculator             View Our Checking Accounts