This is a variable rate, tiered product and the rate is subject to change at any time. The minimum balance to open any MB checking account is $50. Personal accounts only; no broker accounts. Account holder must reside within MB’s IL, or IN service areas. Checking account statement cycle periods are all monthly. Other fees and restrictions may apply and may reduce earnings. 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). Minimum to earn interest is $2,500.
Free MB Basic checks includes two boxes per year. Additional Basic check orders will receive a 25% discount. The customer pays the cost of shipping, handling, and taxes for all orders. Must be ordered one box at a time.
Discount eligibility is based on setting up auto debit from MB Signature Checking to pay the safe deposit box rental fees.
Your other related deposit accounts for MB Signature Checking can include personal checking, money market, savings or certificates of deposit (CDs) linked to your MB Signature Checking account. IRA CDs subject to ERISA and Health Savings Accounts do not qualify. The period we use to calculate the average balance for checking, money market or savings accounts starts with your last statement date for each related account and ends with the statement date for this account. CDs balances as of the statement date for this account can be combined. Fees could reduce earnings on your account.
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.
ATM Freedom reimburses up to $20 of non-MB ATM withdrawal and transfer fees per month if the checking account has an average monthly balance of at least $5,000 during the month that the fees are incurred. The reimbursement includes fees charged by MB and the ATM owner, operator or network. The refund is credited the following calendar month.
Enrollment in E-Documents will result in electronic delivery of statements and designated notices. Tax documents will continue to be delivered in paper form.