First Midwest Bank SWIFT/BIC code

First Midwest Bank SWIFT code: FMIDUS41

The 8-character code FMIDUS41 and the full code FMIDUS41XXX identify one and the same institution: First Midwest Bank in Itasca,il, United States. The code does one job: it makes sure that money from abroad ends up at the right bank. In practice you usually see it on invoices from abroad, in payment forms and in the bank details of First Midwest Bank customers.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN .

What to give a sender who pays you at First Midwest Bank

When you expect money from abroad, send the payer a complete set of details. Share the account holder’s name, your account number or IBAN, the BIC FMIDUS41XXX and your address.

Their bank may also ask for the bank address of First Midwest Bank. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

Money from abroad does not always arrive in full. Fees for incoming transfers differ from bank to bank – the price list of First Midwest Bank tells you what applies. Agree with the sender who pays which costs, especially for larger amounts.

Watch out for payment fraud

Be wary when a contact unexpectedly asks you to pay into another account abroad. The fact that FMIDUS41 exists does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Do not trust contact details in the same message that announces the new account. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Contact your bank without delay and have them start a recall.

Fraud can also work the other way. Someone sends more than agreed and asks you to return the difference. A screenshot of a transfer is no proof.

What the XXX in FMIDUS41XXX means

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. For First Midwest Bank, that core is FMIDUS41.

XXX at the end of FMIDUS41XXX does not stand for a placeholder or a mistake: it indicates the head office of First Midwest Bank. Some banking apps ask for 11 characters, in which case you can add XXX after FMIDUS41.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Where our SWIFT data comes from

The details on this page come from publicly available data that we update regularly. Institutions merge, close branches and change codes. Counts and locations come from our own dataset.

Treat this page as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay has no connection to First Midwest Bank; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form and we will look into it.

When will the money arrive at First Midwest Bank?

How fast a payment arrives at First Midwest Bank is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Payments made late in the day or just before a weekend or public holiday often go out the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique reference, the UETR. Save the payment confirmation until the recipient confirms.

The bank that sent the money can start an official trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt – it helps your own bank look for the money.

First Midwest Bank: head office code versus branch codes

First Midwest Bank has 2 different SWIFT/BIC codes across 1 locations. Only one is the head office code, FMIDUS41XXX; the rest identify branches.

In most cases there is no need to pick a branch: payments addressed to FMIDUS41XXX are routed within First Midwest Bank correctly. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

Not sure which code to use? Check with the recipient. Codes for branches are more prone to be retired than FMIDUS41XXX.

Is FMIDUS41 still correct? How to check

Ask the recipient to copy the bank details straight from their banking app. Compare it against FMIDUS41 on this page; if they differ, ask before you pay.

Mistakes in the SWIFT code are costly more than disastrous. Remember the IBAN: an error there is more difficult to undo than a wrong code.

An automatic check by your bank merely confirms that the code is valid. More and more banks check the name with the account – do not ignore a mismatch warning. For a first payment, many people send a small test amount before sending the rest.

International transfers from First Midwest Bank: the real cost

If you send money abroad from First Midwest Bank, the fee you see is rarely all of the cost. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank usually applies a rate below the actual market rate.

The real cost is often in the rate, not in the fee: the bank converts at a rate that includes a margin. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets before you commit. Using a transfer service does not require closing your account at First Midwest Bank: you simply pay the service from your account.

Sending USD to First Midwest Bank

The local currency of United States is the US Dollar (USD). Money sent in a different currency will be exchanged into USD on its way to First Midwest Bank – and the bank that does it picks the rate. Each conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens affects the final amount, as rates and margins differ per bank. In many cases you pay less if you send USD straight away via a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The USD rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small gap in the rate adds up quickly.