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A Student Checking customer who is working in a university library with books and a laptop
Student Checking

A free checking account exclusively for young students.1

Open an Account Today

Student Checking

Student Checking gives you the basic features a 16-23 year-old needs in a checking account — plus the upgrades and rewards you want — with no monthly fee. Students under the age of 18 must have a parent or adult listed on the account as a joint owner.2

Parents can have peace of mind knowing that overdrafts and spending can be managed to keep their students on the right path to a healthy financial future.

As with each of our checking account options, you will receive:

  • Free Mastercard® debit card with chip technology
  • Free transactions at any First Midwest ATM and more than 55,000 Allpoint® ATMs worldwide
  • Free Apple Pay, Google Pay and Samsung Pay so you can shop in-store, in-app or online
  • Free Zelle® so you can securely send money to people you trust
  • Free Online and Mobile Banking with Bill Pay
  • 0.25% discounts on all secured Consumer Installment Loans3,4
  • $25Tell a Friend” Checking Referral Bonus5

Plus, with Student Checking, you’ll enjoy:

  • No monthly maintenance fee
  • Only $14.99 for your first box of checks, and reorders are just $19.996

The Student Checking SpendSafe Promise

We understand students have a lot going on and monitoring a checking account balance might not be top of the list. The SpendSafe Promise provides peace of mind for students and parents by eliminating First Midwest Bank fees if your Student Checking account accidentally goes negative or if we return a check unpaid.7

Plus, managing your student’s spending is made easier with:

  • Adjustable debit card limits to set the daily number of transactions and total dollar limit for ATM withdrawals and debit card purchases.
  • Free Parent transfers to add money into your student’s account without having to be listed as a co-signer.8

Not the right account for you? View our other checking account options.

A young male student with a Student Checking account is walking with a backpack and books

A Smart and Convenient Choice for Today’s Independent Students

All Student Checking accounts include online and mobile banking, and free transactions at any First Midwest ATM and more than 55,000 Allpoint® ATMs worldwide. Plus, you'll pay no monthly maintenance fee.

Open an Account

Pay with Your Phone

Add your First Midwest Bank debit card to any one of our digital wallet options and pay right from your phone.

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Send Money To People You Trust

Securely send money to the people you trust from anywhere.

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Fund your savings while establishing a credit relationship with First Midwest’s unique Believer Loan.

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1 Online account opening is available to residents of Illinois, Indiana, Iowa, and Wisconsin. $25 minimum deposit required to open an account. Student Checking eligibility is limited to students between the ages of 16-23. A valid Student ID or current school registration must be provided at Account opening.
2 Once the student turns 18 year of age, the parent or adult joint owner may be removed from the account by closing the account and opening a new account.
3 Subject to credit approval. Property insurance is required on loans secured by property. Cannot be combined with other rebates, discounts or promotional offers on a single loan number.
4 Discount requires auto payment set-up from First Midwest checking account. Does not apply to unsecured Express Personal Loan, unsecured Express Home Improvement Loan and Home Equity Lines of Credit.
5 Limited time offer. May be withdrawn at any time. May not be combined with any other offer. The person making the referral 1) must have a personal First Midwest Bank checking account (Health Savings Accounts do not qualify), 2) is limited to one $25 award per referred address and 3) s responsible for all applicable taxes. Addresses used in previous Tell a Friend referrals are not eligible for this offer. $25 may be subject to tax reporting. The person being referred 1) must deposit a minimum of $100 to open a personal checking, savings or money market account and 2) must not have held a First Midwest Bank personal checking, savings or money market account in the past 180 days. First Midwest Bank employees are not eligible. $25 credit may take up to 30 days to appear in account.
6 Applies to First Midwest Exclusive Wallet style single checks. Additional fees will apply for duplicate checks.
7 Student Checking clients may be eligible for Custom Auto Transfer to avoid overdrafts. If Custom Auto Transfer is not made, transactions resulting in Overdrafts will be returned unpaid unless prohibited by law.
8 Students older than 18 with sole ownership of their Student Checking Account may request to allow a parent or adult to make transfers into the Account. The student must sign a Student Checking Maintenance Form designating the name and other identifying information of the parent or adult the student wishes to have transfer capability.