Checking and Savings Accounts
If your MasterCard® Debit Card is ever lost or stolen, Click Here
Mid-Central National Bank offers a deposit product to meet your needs. To obtain more information, or open an account, just stop by one of our convenient locations, or call 218-631-1414
Customers of Mid-Central National Bank with non-interest bearing transaction accounts continue to be insured through for up to $250,000 under the FDIC’s general deposit insurance rules.
FREE CHECKING ACCOUNT
- No minimum balance.
- No monthly maintenance fee.
- MasterCard® Debit Card*.
- FREE Online Banking.
- FREE Bank by Mail.
- FREE After Hours Depository.
- FREE Notary Service.
INTEREST CHECKING ACCOUNT
- Minimum Balance $500.
- No Monthly Service Charge (if below minimum balance – $5)
- Tiered Interest Rates.
- FREE Overdraft Protection – Swept from your savings account
(up to 6 times per month) - MasterCard® Debit Card*.
- FREE Online Banking.
- FREE Bill Pay
- FREE Bank by Mail.
- FREE After Hours Depository.
- FREE Notary Service.
SENIOR CHECKING ACCOUNT
- No minimum balance.
- No monthly Service Charge
- Tiered Interest Rates.
- MasterCard® Debit Card*.
- FREE Online Banking.
- FREE Bill Pay
- FREE Bank by Mail.
- FREE After Hours Depository.
- FREE Notary Service.
STUDENT CHECKING ACCOUNT
- $50 opening balance.
- No minimum balance.
- No monthly Service Charge.
- Tiered Interest Rates.
- MasterCard® Debit Card*.
- FREE Online Banking.
- FREE Bank by Mail.
- FREE After Hours Depository.
- FREE Notary Service.
*MasterCard® Debit Card
- FREE ATM withdrawals at any MasterCard® Debit ATM location (excluding surcharge fees charged by the ATM’s owner).
- The MasterCard® Debit Card allows you to make withdrawals for purchases directly from your checking account.
- The MasterCard® Debit Card allows you to transfer between your checking and statement savings account at mostATM locations.
All checking accounts require a $100 opening balance.
Savings Accounts
MMDA SAVINGS
- Interest paid monthly.
- No monthly maintenance charge if $1,000 Minimum Daily Balance is maintained.
- $5.00 monthly charge if Minimum Daily Balance falls below $1,000.
STATEMENT SAVINGS
- Interest compounded and paid quarterly.
- $10 minimum balance required to avoid service fee of $1 per month.
- Monthly statements are conveniently combined with your other checking or MMDA accounts.
- ATM access allowed to qualified customers.
HEALTH SAVINGS ACCOUNTS
- $100 minimum to open account (or open with direct deposit setup)
- No opening fee
- No monthly maintenance charge.
- Checks may be purchased by customer. Health Savings Account will be written above the signature line. MasterCard Debit Cards are also available for this account.
Important Information about Procedures for Opening a New Account
Identification Procedures Requirements: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.
Fees & Charges
- Amortization Schedules – $5.00
- Abstract Storage – $25.00/each, annual charge
- Cashier’s check – $2.50/each
- Debit Card Replacement Fee – $5.00 (one free annually)
- Deposit Receipts Mailing Request – $1.00/each
- Dormant Account Fee -$5.00/month
- Fax (incoming) – $1.00/page
- Fax (outgoing) – $4.00 + .50/page
- Foreign Check Processing – $10.00/each
- Garnishment/Levy Fee – $50.00/each
- IRA Annual Fee – $20.00/year
- IRA Closing Fee – $25.00
- Loan Coupon Book (up to 36 months) – $5.00
- Notary Service – Free for customers
- Imaged checks (shown in statement) – $3.00/month
- NSF and Overdraft Checks – $25.00/each with a maximum of $125.00/day; NSF Representment $25.00/each per occurrence
- Records Research/Statement Balancing – $24.00/hour
- Return of Deposited Item – $5.00/each
- Statement Copy Fee – $5.00/per statement
- Stop Payment Fee – $15.00
- Telephone Transfer Request – $1.00
- Wires (incoming) – $15.00
- Wires (outgoing) – $20.00
- Wires (international) – $40.00
