What is the daily withdrawal limit for 1st Source Bank?

The daily ATM withdrawal limit for a 1st Source Resource or Resource Plus card is $1,000. The 1st Source Program card has a daily limit of $300 for ATM cash withdrawals.

How long does a 1st Source Bank mobile deposit take?

Mobile deposits at 1st Source Bank are typically processed overnight for availability the next business day as long as the mobile deposit is completed before 6 p.m. EST.

What is the excessive withdrawal fee for 1st Source Bank?

1st Source Bank charges a $2 fee for each withdrawal after the first four from Everyday Interest or EStudent savings accounts. Portfolio Savings accounts don’t have withdrawal fees. All 1st Source savings accounts allow up to six withdrawals per month or statement cycle.

How much is the wire transfer fee for 1st Source Bank?

1st Source Bank charges an incoming wire transfer fee of $15. The fee for outgoing domestic wire transfers is $30, while the outgoing international wire transfer fee is $50.

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1st Source Bank: Low-Fee Accounts and Digital Tools

January 2, 2025

8 min Read

Written by Dawn Allcot

Edited by Elizabeth Constantineau

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

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1st Source Bank Checking Accounts
1st Source Bank Savings Accounts
1st Source Bank CD Accounts
Banking Experience
Comparable Banks
Final Take

Open a 1st Source checking account with only $25 to start.

1st Source Bank is best for low-fee, interest-earning checking and savings accounts. Customers also enjoy an extensive suite of digital support products, including the guide Uno to assist with banking queries.

1st Source Bank, founded in South Bend, Indiana, serves northern Indiana and southwestern Michigan areas. With $8 billion in assets, the bank focuses on providing personalized banking for individuals, families and small businesses. They offer low-fee checking and savings accounts, as well as credit cards and financial planning services.

1st Source Bank was also recognized in GOBankingRates’ Best Banks list as one of the Best Banks in Indiana for 2025.

1st Source Bank Checking Accounts

1st Source offers three checking accounts designed with benefits that South Bend-area residents will love. The Easy Banking Club and Cubs 1st Club checking accounts both deliver interest on balances and ways to waive the $10 monthly service fee.

The Cubs 1st Club has perks related to the South Bend Cubs minor league baseball team. 1st checking has a $7 monthly service charge, waived when you sign up for eStatements and maintain a minimum daily balance of at least $500.

There is also a teen and student checking account for ages 13 to 25.

Multiple checking accounts, all with fees that are easily waived.
Cubs 1st Club provides benefits like a themed debit card, discounts off Cubs tickets and merch, exclusive events and other perks baseball fans will love.
Debit card comes in three designs and can be used at thousands of ATMs.
Get started quickly with a $25 minimum opening deposit.

1st Source Bank Checking Account

Start Banking

Best For

Banking in Indiana

Mobile App

Loan Options

Low Monthly Fees

Low Minimum Deposit

No Transaction Limits

1st Source Bank offers checking accounts with easily waived fees and interest-earning options like the Easy Banking Club and Cubs 1st Club accounts. Enjoy perks like discounts on South Bend Cubs tickets, a variety of debit card designs and a $25 minimum deposit to get started.

Fees

$7 to $10 monthly

APY

Contact local branch

Min Opening

$25

Pros

Monthly fees are easily waived
Interest-earning for Easy Banking and Cubs 1st
Digital wallet compatible

Cons

Not a large ATM network
$25 minimum deposit
ATM fees only refunded 4 times per year

Quick Take

South Bend-area residents will love a large network of area branches for in-person banking, robust online and mobile banking tools, and interest-earning checking.

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1st Source Bank Savings Accounts

1st Source offers a variety of savings accounts, including one for students aged 24 years or younger. Although these accounts earn interest, the bank does not disclose the current interest rates.

Limit of 6 withdrawals per statement cycle.
Ideal for those seeking more financial discipline when it comes to saving.
Portfolio account offers tiered interest to reward high balance savers.
Everyday Interest and EStudent Savings accounts have no minimum deposit, making them easy to start.

1st Source Bank Savings Account

Start Banking

Best For

Banking in Indiana

Mobile App

Loan Options

Low Monthly Fees

Low Minimum Deposit

ATM Card for Easy Access To Cash

1st Source Bank offers savings accounts with no minimum deposit for some accounts. Enjoy easy access to funds with a Resource Plus ATM card and earn tiered interest with the Portfolio account for higher balances.

Fees

$0 to $20

APY

Contact local branch

Min Opening

$0 to $15,000

Pros

No minimum deposit for Everyday Interest
Monthly fee easily waived for Everyday Interest
No monthly fee for EStudent Savings

Cons

Limit of six withdrawals per month
Some accounts have fees after four withdrawals per month
Portfolio Savings requires $15,000 minimum opening deposit

Quick Take

High earners will appreciate the tiered savings rates in the Portfolio account.

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1st Source Bank CD Accounts

1st Source Bank offers a variety of certificates of deposits that let you lock in a guaranteed return on your savings. Choose from flexible terms ranging from 7 days to 6 years.

Rates are guaranteed for the term you choose.
Terms ranging from 7 days up to 6 years.
Rates are compounded annually.

1st Source Bank CD Account

Start Banking

Best For

Banking in Indiana

Mobile App

Loan Options

Low Monthly Fees

Low Minimum Deposit

Variety of Terms

1st Source Bank offers a range of CDs with terms from 7 days to 6 years. Enjoy guaranteed returns with competitive rates and benefit from FDIC insurance.

Fees

Early withdrawal penalties may apply

APY

Up to

Min Opening

Contact local branch

Pros

FDIC insured
Guaranteed return on investment

Cons

Penalty for early withdrawal
Limited terms

Quick Take

1st Source CDs offer a safe and reliable way to grow savings, with guaranteed interest rates and terms that suit both short-term and long-term goals. Just be mindful of early withdrawal penalties.

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Banking Experience

With branches across 19 counties in Michigan and Indiana, 1st Source blends personalized brick-and-mortar banking with extensive mobile and online banking tools. Uno, a self-navigating guide, is available to answer questions. This chatbot can also guide you to the services that fit your needs.

1st Source offers digital features not commonly offered at regional banks, including an Alexa app, text-based banking and a smartwatch app.

Google Play gives the 1st Source mobile banking app for Android users 4.6 stars, while iOS users gave it 4.8 stars in the App Store.

Comparable Banks

Here’s how 1st Source Bank compares to other regional and online banks.

Checking

Savings

CDs

Fees

$7 to $10 monthly

Up to $6.95, which is waivable

$0 to $8 a month

APY

Contact local branch

Up to

Min Opening

$25

$0 to $25

Fees

$0 to $20

No monthly service fee

APY

Contact local branch

Up to

Min Opening

$0 to $15,000

$25

Fees

Early withdrawal penalties may apply

No monthly service fee

Early withdrawal penalties may apply

APY

Up to

Min Opening

Contact local branch

$500

$1,000

1st Source vs. TAB Bank

For those seeking an online-only bank, TAB Bank offers personalized service with multiple channels for support and a broader array of products than 1st Sources.

TAB Bank was rated one of the Best Online Banks for 2025 in GOBankingRates Best Banks awards. Those seeking a regional bank with local branches, however, may prefer 1st Source.

1st Source vs. U.S. Bank

U.S. Bank is a national bank, headquartered in Minnesota, with more than 2,000 branches across 26 states. For those seeking a larger bank with a vast ATM network, U.S. Bank might be a better choice than 1st Source.

U.S. Bank has a rewards checking account and a rewards Visa card with a welcome bonus for new cardholders who meet the requirements.

1st Source vs. Capital One

Capital One has branches and Capital One cafes nationwide, as well as a robust online banking platform and mobile apps. For those seeking a wide range of checking, savings and credit card products, as well as the security of one of the nation’s largest banks, Capital One stands out as a solid choice.

Capital One was ranked number one in GOBankingRates’ Best Banks for 2025 in the categories of Best Checking Account and Best National Bank.

Final Take

For Indiana residents seeking a regional bank that offers friendly, personalized service and low-fee checking and savings accounts,1st Source is an easy choice.

1st Source Bank FAQ

Here are the answers to some of the most frequently asked questions about 1st Source Bank.

What is the daily withdrawal limit for 1st Source Bank?
- The daily ATM withdrawal limit for a 1st Source Resource or Resource Plus card is $1,000. The 1st Source Program card has a daily limit of $300 for ATM cash withdrawals.
How long does a 1st Source Bank mobile deposit take?
- Mobile deposits at 1st Source Bank are typically processed overnight for availability the next business day as long as the mobile deposit is completed before 6 p.m. EST.
What is the excessive withdrawal fee for 1st Source Bank?
- 1st Source Bank charges a $2 fee for each withdrawal after the first four from Everyday Interest or EStudent savings accounts. Portfolio Savings accounts don’t have withdrawal fees. All 1st Source savings accounts allow up to six withdrawals per month or statement cycle.
How much is the wire transfer fee for 1st Source Bank?
- 1st Source Bank charges an incoming wire transfer fee of $15. The fee for outgoing domestic wire transfers is $30, while the outgoing international wire transfer fee is $50.

To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 11, 2024.

To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 11, 2024.