Help Center: Accounts
Frequently Asked Questions
Whether you have or need a savings or spending account, we have accounts to suit your needs and services to help you access your money when you need it.
Holiday Closing
Bank Midwest offices, drive-up locations and video tellers will be closed Monday, October 14, to observe Columbus Day, a Federal holiday. We'll resume regular hours on Tuesday, October 15. View all holiday closings.
Help Center: Accounts
Whether you have or need a savings or spending account, we have accounts to suit your needs and services to help you access your money when you need it.
When you need to update account information such as your name, address, mailing information or anything else:
Our nine-digit ABA routing number is 0912-0164-3.
This number is used to help identify your account so they can transfer money to and from your accounts. You can also find it on the bottom left of your checks.
Your 12-digit account number is printed on each check, just to the right of our 9-digit routing number, as well as on deposit slips. Or, call us at 888.902.5662.
Bank Midwest customers have the option to order checks online through our check provider, Deluxe.
Learn more about ordering checks here.
Note: If you typically receive checks discounted or free of charge, please contact your local branch or call 888.902.5662 to place your order.
Savings Withdrawal Limits Suspended Indefinitely
Federal Regulation D encouraged saving by limiting the number of pre-authorized withdrawals from savings or money market accounts each month.
With the financial stress caused by the COVID pandemic, Bank Midwest followed the Fed’s guidance and extended the suspension of the monthly limits on the number of savings withdrawals made by Internet transfers, mobile transfers, telephone transfers, ACH, etc. indefinitely.
Transfers and withdrawals made in person, by mail, or at an ATM continue to remain unlimited. Please let us know if you have any questions.
You can open standard personal savings and checking accounts online or visit your local Bank Midwest branch to begin banking with us. We have locations in Iowa, Minnesota and South Dakota.
Make sure you bring a Social Security card, government-issued photo ID such as a driver’s license, state ID or passport, and the account information for any bank you’ll be transferring funds from.
Note that each of our accounts requires a minimum opening deposit depending upon the type of account you wish to open.
Bank Midwest works hard to make sure all our customers have opportunities to earn interest on their money when they bank with us.
An overdraft is when you don’t have enough money in your card to cover a transaction, so Bank Midwest covers it instead. By default, Bank Midwest only authorizes and pays for overdrafts for:
We do not authorize and pay overdrafts for the following types of transactions unless you request it:
We pay overdrafts at our discretion. This means we don’t guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices:
We offer overdraft protection plans, such as a pre-approved line of credit or a link to a savings account, which may be less expensive than our standard overdraft practices.
To learn more about overdraft protection, contact us at 888.902.5662.
If you also want Bank Midwest to authorize and pay overdrafts on ATM and everyday debit card transactions, you must “opt in” and consent to this service.
You can visit any location or opt in online with our Courtesy Overdraft ATM/Debit Card Opt In form.
Direct deposits allow you to automatically deposit funds to your accounts.
Most customers set up direct deposit by filling out employer-provided forms. They might ask for the type of account, the account number, and the bank’s name, routing number, and address.
Alternatively, some employers ask for a letter from your bank. Customers can find a Bank Midwest direct deposit letter here. Use the letter to identify which account(s) you wish to have your paychecks deposited.
When you set up automatic payments (or direct debit) funds are withdrawn from your accounts which can help you avoid late payments.
Automatic payments are usually set up with the service provider you’re paying (utilities company, cable company, etc.). When setting up automatic payments, a vendor will usually ask for the type of account, the account number, and the bank’s name, routing number, and address.
If you prefer to use mail to set up automatic payments or switch from an old account to a new one, use Bank Midwest’s Update Your Automatic Payment Letter.
NOTE: Some companies require the use of their own forms to initiate the switching of accounts. Either way, don’t just move all your cash and call it a day. Old payments may still clear your account. Make sure you formally notify your old bank to avoid potential fees.
Once you’re sure you won’t need them anymore, securely destroy them or bring your old checks to any Bank Midwest branch and we can recycle them for you.
Cut it up and throw it in the garbage. It’s difficult, but not necessarily impossible for a fraudster to use an old and even expired debit card, so always err on the side of caution.
A wire transfer is a highly secure electronic transfer of funds between two banks. A domestic wire transfer usually takes 24 hours or less. An international wire transfer typically takes two or three business days but may take as many as five in some cases.
View details to wire funds from an external account to Bank Midwest.
Bank Midwest customers can initiate a wire transfer at one of our locations. Call 888.902.5662 for more information.