Bank Midwest Savings Accounts have limits for withdrawals per month. Federal Law allows up to six (6) withdrawals per calendar month; however, Bank Midwest only allows three (3) withdrawals per month at no cost.
The 4th withdrawal and each thereafter will cost $1.00 each. If six (6) withdrawals are made in three (3) different calendar months Bank Midwest will change the savings account into a checking account.
This will require the member to open a new savings account for monthly deposits to continue. Savings deposits will be in a holding account until a new savings account is opened. Deposits will not be made into a checking account. Members can open a new savings account at any Bank Midwest location or at the Pipefitters LU 533 Business Office.
If you have any questions. Please contact the Business Office at 816.523.1533.