Checking accounts

Compare the features and benefits of MB checking accounts to see which one is right for you.*footnote

Checking accounts
  MB Signature Checking

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MB Red Checking

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MB Classic Checking

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MB High Five Checking

How to Apply

Best account if you need

An interest-bearing account with exclusive benefits and unlimited transactions.

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An interest-bearing account that gives you our highest interest rate on balances up to $10,000.footnote

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A checking account that offers many ways to avoid a monthly service charge.

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A great starter account for students from ages 13-24.

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Interest-earning

Yes

Yes

   
Minimum opening deposit

$50

$50

$50 $50
ATM usage No fees when you use MB ATMs

No fees when you use non-MB ATMs
No fees when you use MB ATMs

No fees when you use up to 4 non-MB ATMs per statement cycle
No fees when you use MB ATMs

No fees when you use up to 2 non-MB ATMs per statement cycle
No fees when you use MB ATMs

No fees when you use up to 5 non-MB ATMs per statement cycle
ATM Freedomfootnote

Eligible

Eligible

Eligible

Eligible

MB Debit MasterCard®footnote

Eligible

Eligible

Eligible

Eligible

Free checks Yes. Up to two boxes of MB basic checks per year.      
Unlimited check writing

Yes

Yes

Up to 20 free per monthly statement cyclefootnote

Up to 5 free per monthly statement cyclefootnote

Internet banking

Yes

Yes

Yes Yes
Unlimited bill pay

Yes

Yes

Up to 20 free per monthly statement cyclefootnote

Up to 5 free per monthly statement cyclefootnote

Monthly service charge waived Yes, when you:

Maintain a $5,000 average daily balance in this account.

Or

Maintain $15,000 in related deposit balances.footnote
Or

Maintain $25,000 in related deposit and home equity loan/line balances.footnote
Otherwise, there is a monthly service charge of $19.95.
Yes, when you:

Maintain an average balance of $2,000 in this account.

Otherwise, there is a monthly service charge of $11.95.
Yes, when you:

Maintain an average balance of $3,000 or more in related deposit accounts.footnote
Or

Complete 10 total payment transactions.footnote
Or

Make monthly deposits totaling $500 or more.

Otherwise, there is a monthly service charge of $9.95.
Yes, when you:

Choose e-statements and make monthly deposits totaling $100 or more.

Or

Choose e-statements and maintain an average balance of $250 or more.

Or

Choose e-statements and have a parent or guardian as a joint owner who also has an open MB personal checking account who maintains an average balance of $1 or more.

Otherwise, there is a monthly service charge of $5.95.
Additional features No annual fee on MB Platinum MasterCard® Credit Cardfootnote

$350 off on mortgage closing costs10 footnote

No fees for cashiers' checks, money orders, traveler's checks or incoming wire transfers.

Discount on safe deposit box rental
No annual fee on MB Platinum MasterCard® Credit Cardfootnote

$350 off on mortgage closing costs10 footnote
No annual fee on MB Platinum MasterCard® Credit Cardfootnote

$350 off on mortgage closing costs10 footnote
 
 

MB Signature Checking

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MB Red Checking

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MB Classic Checking

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MB High Five Checking

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How to Apply

* Personal accounts only; no broker accounts. Account holder must reside within MB’s IL, IN or PA service areas. Checking account statement cycle periods are all monthly. Other fees and restrictions may apply. Please refer to the Personal Banking Customer Fee Schedule (PDF). We reserve the sole discretionary right to refuse to open an account or close an account for any reason. For current interest rates and terms see a banker or call 1.888.i bank mb (1.888.422.6562). Back to top

1 For current Annual Percentage Yields (APY) on Red Checking see current Deposit Account Rates. This is a variable rate, tiered product and the rate is subject to change at any time. To obtain the maximum rate, the following account requirements must be met every monthly statement cycle: 1) At least 15 signature-based debit card transactions must post totaling at least $200; 2) monthly e-statement delivery; 3) monthly ACH deposit or payments totaling at least $250. If all account requirements are not met the entire account balance will pay a base rate of 0.05% APY. Must maintain a minimum average balance for the monthly statement cycle period of $2,000 or more, or an $11.95 monthly service fee will be charged. Interest will be paid on two tiers: 1) 1.00% APY on $0.01 to $10,000, and 2) 0.05% APY on $10,000.01 and over, resulting in a blended APY between 1.00% and 0.05% APY. Interest is compounded and paid monthly based on the account balance which results in a blended rate. Other fees and restrictions may apply; fees may reduce earnings. We reserve the sole discretionary right to refuse to open an account or close an existing account for any reason. Minimum to earn interest is $1. Back to top

2 Average calendar month balance must be at least $5,000 to qualify. Reimbursement of ATM surcharge fees for using non-MB ATMs will be capped at $20 maximum per calendar month. Reimbursement will post in the following account statement cycle. Back to top

3 MB Debit MasterCard® available only to qualified account holders. Back to top

4 Excess activity fees apply after account limit: $1 per check and $0.50 per online bill payment. Back to top

5 Your other related deposit accounts for MB Signature Checking can include personal checking, money market, savings, CD or IRA CD accounts that you own. Back to top

6 Outstanding principal balance of your personal home equity loan or line of credit as of the statement date for this account can also be combined. Back to top

7 Your other related deposit accounts for MB Classic Checking can include personal checking, money market or savings accounts that you own. Back to top

8 Using either bill pay via ibankmb.com, ACH debits, PIN and signature-based debits or checks presented for payment. Transactions must post during the monthly statement cycle. Back to top

9 Available to qualified customers only. For more information about APRs and fees, please carefully review the MB Financial Bank, N.A., Credit Card Application disclosure Back to top

10 $350 credit will be applied at closing of approved mortgage loan on 1-4 unit, owner-occupied property only. Cannot be combined with any other offer or coupon. Back to top