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.
- Earns interest
- No fee Money Market Savings¹
- Loan discounts of 0.25%²
- 50% discount on Personal Checks
- Free Official Checks and Money Orders
- Free ATMs nationwide with MoneyPass
- Free Overdraft Protection Transfers from any linked account
- Free Mobile and Text Banking
- Free Online Banking including Bill Pay and People Pay (must be 18 years of age for Bill Pay)
- Free Enhanced MasterCard Debit Card with ID Theft Protection
- Free Gold Standard Rewards™ with first-time login bonus
- Samsung Pay and Apple Pay
- Free eStatements (paper statements are $3 per month)
First Merchants Advantage Checking is FREE for seniors (62 and older)
Additional Senior Benefits:
- No monthly maintenance fee
- Free Specialty Checks
- Free Paper Statements
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.
Maximize your benefits by pairing this checking account with our Money Market Account. You can open it online at the same time.
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.  Seniors 62 and older.