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Gain Control - Make a Move and Make $250*

To receive your $250: Open account online using promo code 1809CKA250 or reference that promo code in the banking center; set up and have a direct deposit of $50 or more within the first 60 days after account opening; make at least 40 point-of-sale debit card transactions processed within 60 days; and remain open with a positive balance once conditions have been met.


First Merchants Advantage Checking

An interest-bearing account with special benefits created for clients who are frequent debit card users, receive monthly direct deposits or retain a balance and free for seniors.




First Merchants Advantage Checking

How to keep it free:

  • Make one direct deposit of at least $500 monthly³, OR
  • Make 15 debit card transactions per month, OR
  • Maintain $1,500 minimum combined personal deposit balances
  • Otherwise, $15 monthly maintenance fee.

Additional Senior Benefits (for seniors 62 and older)4:

  • No monthly maintenance fee
  • Free Specialty Checks
  • Free Paper Statements

Maximize your benefits by pairing this checking account with our Money Market Account. You can open it online at the same time.

Other service fees may apply. Please see our Banking Fees.


¹Minimum balance of at least $1 in Advantage Checking account and Money Market account to waive the Money Market Savings service charge of $8. ²With automatic payments from a First Merchants checking account. Subject to credit approval, excludes first mortgage real estate loans and lines of credit, offer valid for consumer purpose installment loans only. 
³Multiple deposits of less than $500 will not qualify to waive monthly maintenance fee. 4Seniors 62 and older. 


*Present the $250 promotional offer when opening a new First Merchants Advantage Checking Account. A $100 minimum deposit is required when opening an account. To receive the $250 Reward the following conditions must be satisfied: 1) set up and have at least one direct deposit of $50 or more within the first 60 days after account opening; and 2) must have an FMB debit card and make at least 40 point-of-sale transactions processed within 60 days after account openings; and 3) your account must remain open with a positive balance once the above conditions are satisfied. Then, your $250 Reward will be credited to this open account within 60 days of all conditions being met. Offer valid in Indiana only and for new Advantage checking accounts opened before 12/31/2018. Offer subject to change without prior notice and may be terminated or extended. Offer does not apply to multiple checking accounts. Existing FMB checking accounts or accounts converted to another personal checking account are NOT eligible for this offer. You can receive only one new checking account reward related offer per household per calendar year. Bank employees and members of their household are not eligible for this promotion. Checking accounts closed by customer within 180 days of opening are subject to a $50 account early closing fee. The Annual Percentage Yield (APY) for First Merchants Advantage Checking Account as of November 1, 2018 is 0.01% for balances under $9,999 and 0.02% for balances $10,000 and over. Interest rates are subject to change. Rates are tiered based on account balance, subject to change and determined by the bank. To the extent required by law, First Merchants will report the value of this reward to the IRS on Form 1099-INT. Any applicable taxes are the responsibility of the account holder. In the event that we determine in our sole discretion that your account does not meet the eligibility criteria or the activity on your account does not qualify to meet the required conditions, we will not be obligated to credit your account with the reward payout. Offer is non-transferable and may not be combined with any other offers.


Have questions or need assistance? Just give us a call at 1.800.205.3464. Our Customer Service team is available weekdays from 7 a.m. until 8 p.m. ET, and from 9 a.m. until 3 p.m. ET on Saturdays.

Looking for a different number or an online form? Find it on our contact page.