Yes. For your convenience, an email will be sent to your account when you sign out during your application. Simply follow the instructions in that email to log back in at your convenience.

To open an account using our online system, all owners must be 18 years of age and have a government issued form of identification.

You can take advantage of our high-yield savings accounts in Vandalia or at any of our Midland locations. We offer high-interest savings account options in the form of high-yield money markets, high rate CDs, or a traditional savings account, our FlexSaver Savings. The FlexSaver only requires a $0.01 minimum daily balance to earn interest.

Our savings accounts are automatically FDIC insured up to $250,000 per depositor and for each account ownership category, so you can rest assured knowing your money is safe with Midland States Bank.

If you aren’t sure what the best high yield savings account option is for you, we can help you determine the account that suits your needs. Simply call us at 1- 855-696-4352 to get started, or visit any Midland location.

Midland’s YouthSaver is a kids’ savings account that was made specifically for individuals under the age of 18, and it can be opened at any of our locations. The best savings account for kids is one that allows children to start building their funds from an early age, and our child savings account does just that! The YouthSaver must be co-owned, with a parent or guardian. This is a great bank account for teenagers ages 14-17. Then, once your child turns 18, the account will transfer to their name.

Yes, Midland States Bank offers joint accounts. You can open a joint checking account or a joint savings account in Vandalia. We make it easy for both owners to manage the account. If you need help choosing which account fits both owners’ needs, our Bankers can help you determine what the best joint bank account option is for you.

For our CDs with highest rates in Vandalia, check out our CD Specials on our website or by calling us at 1-855-696-4352.

The home mortgage process can take anywhere from weeks to several months, depending on factors such as the type of loan, the current housing market, and the complexity of your financial situation. We value your time, and our mortgage lenders in Vandalia will work closely with you so you get a timely solution.

The interest rate on a home mortgage is determined by factors such as your credit score, down payment, loan amount, and current market conditions. If you are looking for a mortgage broker in Vandalia you can skip this process, and our mortgage lenders can help you understand your rate and loan options directly. Ready to get started? Take the first step by getting pre-approved for a home mortgage loan.

The process to get mortgage pre-approval is where a mortgage lender like Midland States Banks reviews your finances and credit history to determine the maximum amount they would be willing to lend you for a home purchase. It’s important to get pre-approved for a mortgage before house-hunting so you know what price range to focus on and can show sellers you’re a serious buyer.

The most common types of home mortgages include fixed-rate mortgages, adjustable-rate mortgages, FHA loans, and VA loans. Our mortgage lenders are here to help you meet your goals and will be by your side throughout the home buying process. You will work directly with us rather than through mortgage brokers.

Absolutely, at Midland, we are fully equipped to address all your business banking requirements, regardless of your company's size or stage of growth. Whether you operate a small business or require commercial banking services, Midland is your dedicated banking partner. We offer a variety of business loans and bank accounts, but also additional products and services for day-to-day money management, such as merchant services, cash management services, and premier credit card offerings. We’re here to be your small business banking or commercial banking partner.

Midland offers the option to open our business bank accounts at any of our locations, or you can open a business account online. You can choose from business checking accounts, business savings accounts, a business money market, or business CDs.

Once you open your account, we make managing your finances as convenient as possible with online access and hassle-free check cashing – you can either visit your nearest branch or deposit checks using your mobile device. We're committed to making banking easier and more accessible for you and your business.

A business credit line, or business line of credit, can help your business manage cash flow fluctuations, cover short-term expenses, take advantage of growth opportunities, or address unexpected emergencies. If you think this may be a solution for you, contact us at our Vandalia, IL branch, or you can apply online now.

Getting started with our cash management services is easy. Simply contact our business banking team to schedule a consultation. During the consultation, we'll assess your business's cash flow needs, discuss available solutions, and provide cash management solutions that align with your objectives. Once you're ready to proceed, we'll guide you through the setup process and provide ongoing support to ensure you get the most out of our services.

SBA loans, or Small Business Administration loans, are financing options backed by the U.S. Small Business Administration, aimed at providing affordable and accessible funding to small businesses. These loans are designed to support small businesses that may not qualify for traditional bank loans due to limited collateral or credit history. As a Preferred SBA Lender, we can help determine if an SBA loan is right for you and provide quicker funding than other lenders who do not have a Preferred Lender designation.

Yes, Midland is an SBA Preferred Lender. We're dedicated to helping small businesses obtain financing with loans ranging from $25,000 to $5 Million in Illinois, Missouri, Indiana, Wisconsin, and Iowa. We are proud to offer SBA lending services to a diverse array of business categories, aims, and sectors, including women-owned businesses, minority-owned businesses, veteran-owned businesses, business acquisitions, franchises, manufacturing, healthcare (medical, dental, chiropractic), service companies, self-storage companies, preschools and daycares, carwashes, solar, wind, and renewable energy, established commercial trucking businesses, auto repair shops, and more.

The SBA only designates a Preferred Lender Program (PLP) status to certain lenders under very stringent guidelines. Once the lender receives the PLP status, the SBA provides the bank with delegated authority to approve the loan. For borrowers, this means faster turnaround times with a local community focus. Additionally, commitment letters can be processed quickly whereas it may take non-preferred lenders a lengthier process to vet out the request. Non-preferred lenders must submit their application packages to the SBA for processing approval. This extra step can add several weeks to the overall process.

Merchant Services can enable your business to accept various forms of electronic payment, including credit and debit cards. Credit card payment processing can expand your customer base, increase sales, and improve convenience for your customers.

Merchant Services may include credit card processing, point-of-sale (POS) systems, online payment gateways, equipment rental or purchase, fraud protection, and customer support. If you want to accept credit cards at your business, our experts can provide detailed information on Merchant Services, including how they work, their benefits, and the different options available to you.