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EARN UP TO $400!*

New to First Merchants Bank? Earn up to $400* by opening a new checking account.

Use Promo Code: BANKOFFERS

Experience banking with a "Newsweek “Best Bank” and get rewarded! Choose a personal checking account below that works best for you and open it today!


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Choose One of These Accounts and Earn Up To $400* With Promo Code BANKOFFERS!

Account Features

EARN $50* with a First Merchants Carefree Checking

EARN $150* with a First Merchants Advantage Checking

EARN $150* with a First Merchants First Direct Checking

EARN $400* with a First Merchants Elite Checking

EARN $50* with a First Merchants Simple Access Checking

Account DescriptionGreat for clients who want a simple, easy account that includes all of our free features.An interest-bearing account with special benefits for clients who are frequent debit card users or receive monthly direct deposits.A premium benefit account designed exclusively for employees of participating businesses or first responders and members of the military, teachers and healthcare workers.A comprehensive account designed for our clients who value a whole bank relationship, maintain large balances, higher interest earnings and special benefits.
A convenient online checking account with no overdraft fees to help build your banking history with ease.
Current Offers
How to Avoid Monthly Service Charges on Your AccountNo monthly service charge with one customer initiated transaction1, OR maintain at least $100 in minimum combined personal deposit balances, otherwise $5 per month.No monthly service charge with one $500 direct deposit2 per month, OR make 15 debit card transactions per month, OR maintain at least $1,500 in minimum combined personal deposit balances, otherwise $15 per monthNo monthly service charge with one $200 direct deposit2 per month, otherwise $10 per month.No monthly service charge with $15,000 in minimum combined personal deposit balances, otherwise $20 per month.$4 per month
Interest Bearing Yes Yes Yes  
Minimum Opening Deposit$100$100No opening deposit with direct deposit sign-up, otherwise $100$100$25
Discount on Checks 50% Discount on Personal Checks, Seniors receive Free Specialty ChecksFree Specialty ChecksFree Specialty Checks 
Other DiscountsFree for Students (under age 25)3.Free for Seniors (62 and older)3.


 


1Excludes bank service fees and charges, transactions must post during statement cycle

2Multiple deposits of less than required amount will not qualify to waive the monthly maintenance fee.

3Students under age 25 can receive Free paper statements, and no monthly maintenance fee with a First Merchants Carefree Checking Account. Seniors 62 and over can receive Free paper statements, Free specialty checks and no monthly maintenance fee with a First Merchants Advantage Checking account.

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

Requirements to Earn Promotion*

  • Must have a direct deposit4 of at least $500 within 60 days of account opening.
  • Must complete 15 debit card transactions5 within 60 days of account opening.
  • Must use promo code BANKOFFERS
  • Must not have closed a personal checking account within 180 days of the promotion start date (on or after February 15, 2022).
  • Offer valid for new First Merchants personal checking accounts opened from February 15 through June 30, 2022.
  • Offer valid only for households with no current First Merchants Bank checking accounts.
  • The primary accountholder of the participating checking account must be 18 years old or older at the time of account opening and reside in Indiana, Ohio, Illinois or Michigan.
  • Cannot be combined with other offers.
  • Offer valid to open online or in the banking center.

 

Checking Account Features

Additionally, all of our checking accounts offer:

  • Access to more than 25,000 fee free ATMs with MoneyPass®
  • Mobile App with Debit Card Controls and Personal Finance tools
  • Free Online Banking and Bill Pay
  • Mastercard® Personal Debit Card with ID Theft Protection
  • Send Money with Zelle®
  • Apple Pay® and Samsung Pay®

 

TO BE ELIGIBLE TO PARTICIPATE IN THE PROMOTION: You must be a new First Merchants personal checking account holder. Account holders with an existing personal checking account with First Merchants (either as the primary or secondary account holder) are not eligible. You must not have closed a personal checking account within 180 days of the promotion start date (on or after February 15, 2022). The primary account holder of the participating checking account must be 18 years old or older at the time of account opening and reside in Indiana, Ohio, Illinois or Michigan. First Merchants employee accounts are not eligible for this promotion.

*OFFER INFORMATION: Get up to $400 for opening a new First Merchants checking account. Earn $50 for opening a new Carefree Checking Account or Simple Access Account, or earn $150 for opening a new Advantage Checking Account or First Direct Checking Account, or earn $400 for opening a new Elite Checking Account, and by completing 15 transactions and one direct deposit of at least $500 within 60 days of account opening. A qualifying direct deposit is an electronic credit to your account by your employer or an outside agency. Transfers from one account to another, or deposits made at a banking location or ATM, do not qualify as a direct deposit. Offer valid for new First Merchants personal checking accounts opened from February 15, 2022 through June 30, 2022. Enrollment in the promotion is required. (See Account Opening & Enrollment Instructions below.)

REWARD PROCESSING: After meeting the qualification requirements, the applicable reward will be credited to the new checking account up to 8 weeks after all qualifications are met. “New Checking Offer Reward" will appear on the monthly checking statement when the reward is credited to the account holder's checking account. The reward amount will be based on the type of checking account open when First Merchants verifies that all promotional offer qualifications have been completed. This promotion is only applicable once per client. First Merchants may report the value of any reward received through any offer to the Internal Revenue Service as required by law. Any applicable taxes are the responsibility of the recipient. 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.

ACCOUNT CLOSING FEE: If the checking account is closed by the client or First Merchants Bank within six months after opening, you will be charged up to the full amount of the bonus for the early close fee (up to $400).

OTHER TERMS: Minimum account opening deposit for a new checking account is $100 (First Direct Checking accounts can be opened without a minimum opening deposit and Simple Access checking accounts can be opened with $25). The offer is non-transferable and may not be combined with any other offers. This offer is subject to change and may be discontinued at any time.

 

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ACCOUNT OPENING & ENROLLMENT INSTRUCTIONS: Visit a First Merchants banking center to open your new First Merchants account and ask the First Merchants representative to enroll you in the “BANKOFFERS” Checking Offer." Or open your First Merchants account online at www.FirstMerchants.com and enter the promo code “BANKOFFERS” in the promotion box.

Interest rates are subject to change. Rates are tiered based on account balance, subject to change and determined by the bank. The minimum account balance to obtain APY is $0.01. Fees may reduce your earnings.

4Multiple deposits of less than $500 will not qualify to waive monthly maintenance fee.
5Excludes bank service fees and charges, transaction must post during statement cycle.

Small MasterCard logo no textMastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.