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Checking


Totally Free Checking

Your Totally Free Checking account requires an opening balance of $200. Special features include:
• No minimum balance (After opening balance)
• No Per-check charge
• Unlimited check writing
• No monthly service charge
• Free Check safekeeping
• Optional CheckCard or ATM Card

All transactions at ATM terminals owned by Great Midwest Bank are free of charge. First three (3) withdrawals via ATM card or CheckCard from other ATMs (Automated Teller Machines) will be free. Thereafter, there will be a fee of 75¢ per each ATM withdrawal or attempted withdrawal.

NOW Account (Interest on Checking)

Your NOW account requires an opening balance of $200 and is available without a monthly maintenance fee if you meet one of the following conditions:

$500 minimum daily balance in the NOW account; OR $2,000 in savings account or certificate of deposit; OR if you are a mortgage loan customer; OR you are a Senior Citizen (62 years or older). (Please let us know if you qualify.)

Your NOW account will earn interest on the daily collected balance in the account at a rate established by the bank each day and posted within each office. Interest rates are subject to change daily. Interest will be credited and compounded monthly. Should you prefer not to meet any of the above mentioned conditions, you will still earn interest on the collected funds in your account; however, your maintenance fee will be $6.00 per month plus $ .30 per debit per statement period (including any other charge against your account and any withdrawals via ATM card or CheckCard from Automated Teller Machines not owned by Great Midwest Bank).

Investment Checking (Super NOW Account)

Your Investment Checking Account requires an opening balance of $2,500 and will earn the current Super NOW Account interest rate for each day the collected balance is maintained at $2,500 or more. For each day your collected balance is below $2,500, Great Midwest will pay the NOW account rate.  Interest rates are subject to change daily;  Interest will be credited and compounded monthly.

Your Investment Checking Account is available without a monthly maintenance fee if you maintain a $2,500 minimum daily balance. Should you prefer not to keep the above mentioned balance, your maintenance fee will be $8.00 per month plus $ .30 per debit per statement period. (Including any other charge against your account and any withdrawals via ATM card or CheckCard from Automated Teller Machines not owned by Great Midwest Bank.)

Insured Investment Account (Money Market)

Your Insured Investment Fund requires an opening balance of $2,500.  Accounts under $2,500 earn interest at the NOW Account rate. Accounts with balance of $2,500 to $25,000 earn interest at the posted money market rate. Accounts with balances of $25,000 earn interest at a premium money market rate. Interest rates are subject to change daily.

You may make as many withdrawals as you wish from your Insured Investment Fund by mail, in person at a teller window, or via Automated Teller Machines.  Federal regulations limit pre-authorized transfers (e.g., automatic transfers to other accounts, insurance payments etc.) and telephone transfers to six per statement period. Included in those six transfers is a maximum of three checks per statement period. If more than three checks or 6 transfers are completed in a statement period, a fee of $6.00 will be assessed. In addition there will be a $ .30 charge for each check over 3 or each transfer over 6 during a statement period.

A transaction will be considered complete on the day it is posted to your account (e.g., a check written late in one statement period and clearing the Bank early in the following statement period will be counted among the transactions of the later statement period.)  Your Insured Investment Fund is free of monthly maintenance fees if you maintain a minimum daily balance of $500 during the statement period and do not exceed the above transaction limitations.

Should you prefer not to keep a $500 minimum daily balance your maintenance fee will be $6.00 per month plus $ .30 per debit. (Including any other charge against your account and any withdrawals via ATM card or CheckCard from Automated Teller Machines not owned by Great Midwest Bank.)



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“I like the fact that you are a local, community bank. I have received extraordinary service from your organization over the years. Also, as a Realtor, I have referred numerous clients to you for mortgages.”

Michael, Mequon

Great Midwest Bank