Checking accounts
Compare the features and benefits of MB checking accounts to see which one is right for you.*footnote
| MB Signature Checking | MB Red Checking | MB Classic Checking | MB High Five Checking | |
|---|---|---|---|---|
| Best account if you need |
An interest-bearing account with exclusive benefits and unlimited transactions. |
An interest-bearing account that gives you our highest interest rate on balances up to $10,000.1 footnote |
A checking account that offers many ways to avoid a monthly service charge. |
A great starter account for students from ages 13-24. |
| 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 Freedom2 footnote |
Eligible |
Eligible |
Eligible |
Eligible |
| MB Debit MasterCard®3 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 cycle4 footnote |
Up to 5 free per monthly statement cycle4 footnote |
| Internet banking |
Yes |
Yes |
Yes | Yes |
| Unlimited bill pay |
Yes |
Yes |
Up to 20 free per monthly statement cycle4 footnote |
Up to 5 free per monthly statement cycle4 footnote |
| 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.5 footnote Or Maintain $25,000 in related deposit and home equity loan/line balances.6 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.7 footnote Or Complete 10 total payment transactions.8 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 Card9 footnote Up to 0.50% discount on MB loan products with auto pay $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 Card9 footnote Up to 0.50% discount on MB loan products with auto pay $350 off on mortgage closing costs10 footnote |
No annual fee on MB Platinum MasterCard® Credit Card9 footnote Up to 0.50% discount on MB loan products with auto pay. $350 off on mortgage closing costs10 footnote |
|
MB Signature Checking |
MB Red Checking |
MB Classic Checking |
MB High Five Checking |
Specialized checking accounts
Skip Specialized checking accounts links-
MB Basic Checking
An easy-to-use checking account for just the basics.
-
MB Senior Checking
A basic account for our customers age 60 and over.
We’ve made the switch to MB easy
Learn about our Switch Kit to make your move to MB seamless.
Just for small businesses
Our business checking accounts keep your enterprise running smoothly.
* 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 $5,000 to have the first 5 ATM surcharge fees that other banks charge waived or reversed each month. Reversed fees will show on the following month’s statement. Other restrictions and fees may apply. 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
