|
CHECKING ACCOUNT FEATURES |
Free Business Checking |
Basic Business Checking | Business Interest Checking | Commercial Checking | Money Market |
|
Interest Bearing |
No |
No |
Yes - Tiered Rates |
No |
Yes - Tiered Rates |
|
Interest Paid & Compounded |
N/A |
N/A | Monthly |
N/A |
Monthly |
|
Statement Type |
Safekeep |
Safekeep or Check Image |
Safekeep or Check Image |
Check Image |
Safekeep |
|
Monthly Service Charge |
see fee schedule for details |
see fee schedule for details |
see fee schedule for details |
Analyzed based on activity |
see fee schedule for details |
|
Min. Balance to Avoid Monthly Service Charge |
N/A |
$5,000 |
$5,000 |
Analyzed based on activity |
$10,000 |
|
Transaction Limits* |
100 items included then $0.50 per item |
200 items included then $0.30 per item |
100 items included then $0.30 |
Analyzed based on activity |
Limited** |
Account Perks |
▪ Free Online Banking (bronze package) ▪ Free Telephone Banking ▪ Free Business Debit Card |
▪ Free Online Banking (bronze package) |
▪ Free Online Banking (bronze package) |
▪ Free Telephone Banking |
▪ Free Money Market Checks |
|
*
Items are defined as deposited items and service chargable debits (checks paid) ** See account disclosure. Use of Debit/ATM Card in an ATM not owned by a First Merchants Corporation affiliate bank may result in ATM service charges from the Bank and the institution that owns the ATM. Fees and terms described in this brochure are subject to change. For current rates, visit a branch near you.  Equal Housing Lender Member FDIC |