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First Merchants Carefree Checking

Great for clients who want a simple, easy account that includes all of our free features.


First Merchants Carefree Checking is FREE for students (under 25)

Additional Student Benefits²

  • No monthly maintenance fee
  • Free Paper Statements

How to keep it free:

  • Make one transaction per month,³ OR maintain $100 minimum combined personal deposit balances. Otherwise, $5 monthly maintenance fee.

Maximize your benefits by pairing this checking account with our Regular Savings account. See a service associate for more details.


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

¹With 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. ²Students under age 25. At age 25, must meet account requirements to avoid monthly maintenance fee. ³Excludes bank service fees and charges, transaction must post during statement cycle. 

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.