Midfirst Bank Rating: Everyday Banking Solutions

Midfirst Bank offers a range of everyday banking solutions that cater to the needs of individuals and businesses alike. Their services include personal checking and savings accounts, as well as business checking and savings accounts.

Their personal checking accounts come with features such as online banking, mobile banking, and bill pay. This allows customers to manage their finances on the go and stay on top of their expenses.

One of the standout features of Midfirst Bank's personal checking accounts is the lack of monthly maintenance fees. This makes it an attractive option for those who want to avoid unnecessary charges.

MidFirst Bank offers a variety of accounts to suit different needs and preferences. The bank's Performance Savings Account has a $100 minimum deposit requirement and earns a 0.35% APY. You can access your account through branches, online, mobile, and ATMs.

The bank's M Checking Account has a $10 monthly service fee, but it can be waived by maintaining an average daily balance of $1,000 or receiving $250 or more in direct deposits each month. The account also has a $100 minimum deposit requirement.

Here's a summary of the minimum deposit requirements for MidFirst Bank's accounts:

The bank's CD accounts require a minimum opening deposit of $1,000, but CD specials require a $5,000 minimum deposit.

MidFirst Bank offers a variety of accounts to suit different needs and preferences.

The bank's Performance Savings Account has a 0.35% APY and requires a minimum deposit of $100. It also comes with a $4 monthly service fee, but this can be waived by maintaining an average daily balance of $250.

If you're looking for a checking account, MidFirst Bank's M Checking Account requires a minimum deposit of $100 and has a $10 monthly service fee, which can be waived by maintaining an average daily balance of $1,000 or receiving $250 or more in direct deposits every month.

The Titanium Money Market Account requires a minimum deposit of $100 and has a $10 monthly service fee, but this can be waived by maintaining a $5,000 average daily balance. It also offers tiered rates, with APYs ranging from 0.20% to 0.60% for balances under $25,000 to $500,000 or more.

CDs are also available, with rates ranging from 2.00% to 4.25% APY for terms ranging from 91 days to 10 years. The minimum deposit for regular CDs is $1,000, while the minimum for CD specials is $5,000.

Here's a summary of the accounts offered by MidFirst Bank:

Frost offers live support 24/7, so you can get help whenever you need it.

Their mobile app is highly rated, with a 4.9 out of five stars rating.

Frost Bank's experience is hard to beat, but that's not the only thing to consider when choosing a bank.

MidFirst Bank offers a range of services and features to make managing your finances easier.

MidFirst Bank's CD accounts have a variety of terms ranging from 91 days to 10 years, with a rate of 4.25% for a 12-month CD as of Dec. 6, 2024. The bank also offers a mobile phone app and online banking website to manage your assets remotely.

The app allows you to deposit checks remotely by taking a photo of them and transfer money between internal bank accounts. You can also set up online bill pay, locate nearby branches and ATMs, and more.

The bank's online banking website is more detailed than the app, allowing you to print out eStatements and other eDocuments for taxes and other purposes. You can also issue stop payments on checks and directly download your account information into Quicken.

Here are some of the key services and features offered by MidFirst Bank:

If you're considering banking with MidFirst, be aware that they can be quite secretive about their products. You may find it difficult to get specific information about their banking products on their website.

MidFirst has a reputation for being stingy with details, so if you have a question, it's best to give them a call to get the information you need.

Here are some specific facts to keep in mind when dealing with MidFirst:

If you're looking for a digital-only account, consider LiveFree Checking, which has no monthly service fee when you opt for e-statements.

MidFirst's overdraft fees can add up quickly, with a maximum of five fees per processing day.

MidFirst Bank offers a full-featured digital platform that lets you bank on their website or mobile app. The mobile app has a 4.8-star rating on the App Store, but only 3.8 stars on Google Play due to issues like difficult navigation and slow response time.

You can manage your assets remotely through the mobile app, tablet app, or online banking website. The app has a fantastic 4.5-star rating between the Apple and Android app stores.

One of the convenient features of the mobile app is the ability to deposit a check remotely by taking a photo of it. You can also transfer money between internal bank accounts, set up online bill pay, and locate nearby branches and ATMs.

The online banking website offers more detailed account balances and transaction histories than the app. This makes it easier to print out eStatements and other eDocuments for taxes and other purposes.

MidFirst Bank's Referral Program is designed to reward customers for referring friends and family to the bank. The program is called 'Refer-A-Friend' and it's a great way to earn some extra cash.

To earn the $50 reward, the referred member must complete two out of three qualifying activities within 90 days. These activities include setting up a $250 minimum direct deposit, making 10 debit card purchases, or completing three Zelle transactions on the MidFirst Bank Mobile App.

If you're interested in setting up overdraft protection, you'll need to head to the bank or give them a call - it can't be done online.

The M Checking Account from MidFirst Bank is a solid choice for everyday banking. You'll need to make a $100 minimum deposit to open the account.

One of the key features of the M Checking Account is its access to your money. You can bank at MidFirst branches, online, mobile, and at ATMs, giving you a lot of flexibility.

The account has a $10 monthly service fee, but you can have it waived by maintaining an average daily balance of $1,000 or receiving $250 or more in direct deposits every month. This can be a great option if you're looking for a low-maintenance checking account.

Here are some key details about the M Checking Account:

Overall, the M Checking Account from MidFirst Bank is a reliable choice for those who want a straightforward, low-maintenance checking account.

The Titanium Money Market account from MidFirst Bank is a great option for those who want to earn a bit of interest on their savings while still having easy access to their funds. You can open an account with just $100.

To avoid a $10 monthly service fee, you'll need to maintain an average daily balance of at least $5,000. This is a relatively low minimum balance requirement compared to some other accounts.

Interest rates on the Titanium Money Market account are tiered, ranging from 0.20% to 0.60% APY, depending on the balance. This means that the higher your balance, the higher your interest rate will be.

Here are the APY categories for the Titanium Money Market account:

Interest is compounded daily and paid monthly, which means you'll earn interest on your interest. However, be aware that there are limits on withdrawals: you can only make six free withdrawals per month.

Overall, the Titanium Money Market account offers a convenient way to earn some interest on your savings, but be mindful of the monthly service fee and withdrawal limits.

MidFirst Bank has a significant presence with around 80 branches. This makes it a large bank with plenty of convenient locations.

You can find the majority of MidFirst Bank's locations in Oklahoma and Arizona. This is where you'll find the bulk of their branches.

A few other locations exist in Colorado and California, but they're relatively scarce in these states. This is worth noting if you're planning a visit or need to access services outside of Oklahoma and Arizona.

Opening an account with MidFirst Bank is a straightforward process that can be completed online, by phone, or in-person. You'll need to provide your Social Security number, a U.S. government-issued ID, and the minimum opening deposit required for your chosen account type.

The minimum opening deposit for MidFirst's Simply Interest Checking account is $100, while CDs require a $1,000 minimum deposit. If you're looking for a digital-only account, LiveFree Checking has no monthly service fee when you opt for e-statements.

To manage your account, you can use MidFirst's online banking platform, which allows for easy bill pay and transfers. Additionally, MidFirst reimburses up to $15 in non-MidFirst ATM fees per statement cycle.

Here are some key details to keep in mind when opening and managing your MidFirst Bank account:

Signing up for overdraft with a checking account is straightforward. You can do it by visiting your local branch.

If you'd rather not visit a branch, you can also sign up by calling 888.643.3477.

To manage your overdraft privilege online, you'll need to log in to online banking.

You can open an account with MidFirst Bank in a few different ways. To start, you can complete an online application, but you need to be located in Arizona, Oklahoma, or Colorado.

The online application process is secure and easy to use. You'll need to bring your Social Security number, a U.S. government-issued ID, and the money needed to cover the minimum opening deposit.

Alternatively, you can call the bank directly or visit a branch in person. In any case, be sure to have the required documents and funds ready.

Here are the options for opening an account with MidFirst Bank:

No matter which method you choose, you'll need to provide the necessary information and funds to open your account.

Opening and managing a successful location requires a deep understanding of the community it serves. This is evident at the MidFirst bank at 75th Ave and Cactus, where Telisha's dedication to her customers' needs has earned her rave reviews.

The bank's location is strategic, serving a densely populated area with a high demand for financial services.

Telisha's product recommendations have been spot on, helping customers find solutions that truly make a difference in their lives.

MidFirst Bank's financial health is a crucial aspect to consider when evaluating its overall rating. The bank's Texas Ratio is 85.17%, indicating a good coverage of problem loans.

MidFirst Bank's non-performing assets are $3,174,036,000, which is covered by $3,525,194,000 in equity and $213,033,000 in loan loss reserves.

Here are some key financial metrics for MidFirst Bank:

MidFirst Bank's ROE of 10.23% is slightly lower than the U.S. Bank average of 10.02%, indicating that the bank may not be as efficient in making money from its capital.

Checking rates are lower than average, which might not matter to account holders who only keep enough in the account to cover expenses. Savings rates, however, are better in some accounts, especially with high balances.

Arvest Bank Savings Accounts offer competitive rates, but you'll need high balances for the best rates. Frost Bank Money Market Account has excellent rates, but be aware of the waivable $15 monthly fee.

MidFirst Bank Savings Accounts have two high-yield savings accounts: Boost Savings and Performance Savings. Boost Savings earns APY on balances up to $50,000, and interest compounds daily. Performance Savings pays competitive rates on balances of $10,000 or more, and you won't pay the $5 monthly fee if you maintain a $250 average daily balance.

Select Savings offers highly competitive rates, but you'll need a $15,000 average daily balance to have the $20 monthly fee waived. All MidFirst Bank savings accounts automate saving with EasySave, which rounds up your debit card purchases and deposits the money into your account with daily transfers.

Here's a comparison of the minimum opening deposits for MidFirst Bank savings accounts:

MidFirst Bank CDs require a minimum deposit of $1,000, except for the special CDs, which require $5,000. Ally, an online-only bank, features low fees and high interest rates on its deposit accounts, with interest compounding daily.

MidFirst Bank's financial health is a crucial aspect of its overall performance. The bank's Texas Ratio of 85.17% indicates that it has a relatively high level of non-performing assets compared to its tangible common equity and loan loss reserves. This ratio is significantly higher than the U.S. Bank Average of 4.62%.

MidFirst Bank's Return on Equity (ROE) of 10.23% is slightly higher than the BestCashCow average of 10.02%. This suggests that the bank is making money from its capital, but not at a significantly higher rate than its peers.

The bank's Capitalization of 9.03% is lower than the BestCashCow average of 11.29%. This means that MidFirst Bank has less equity capital to underpin its loans and other assets on its balance sheet, making it a less secure bank compared to its peers.

Here's a comparison of MidFirst Bank's financial metrics with the U.S. Bank Average:

MidFirst Bank's assets, deposits, and loans have shown significant growth, with total assets increasing to $39,032,928,000 as of September 30, 2024. The bank's deposits have also grown to $24,215,890,000, indicating its ability to raise funds to grow its loans and assets.

MidFirst Bank's loan portfolio is quite diverse, but some types of loans stand out more than others. The bank's top three loan types are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Interestingly, MidFirst Bank has a significantly higher percentage of 1-4 Family Residential Loans compared to other banks in Oklahoma. This could indicate a specialty in that lending area.

The bank's loan portfolio is comprised of various types of loans, each making up a different percentage of the total. Here's a breakdown of the top loan types:

These loan types make up a significant portion of MidFirst Bank's portfolio, but the bank also offers other types of loans, such as Multifamily Mortgages, Credit Card Loans, and Small Business Loans, among others.