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Advantage Checking

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.

Features:

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.

Other service fees may apply.

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. [4] Seniors 62 and older.

Ready to get started? Open an account online

Open a personal checking, savings, or CD account online in about 10 minutes, anytime you like! You’ll just need some identification documents and a way to make an opening deposit; our system will guide you through the process.