First Merchants Elite Checking
Designed for our clients who value a comprehensive, whole bank relationship and maintain large balances, this account earns our highest interest and special benefits.
- Our highest checking interest rate by simply opening an account online, calling us or stoppping in a banking center
- CD interest rate bonus of 0.05% APY
- Money Market Savings interest rate bonus of 0.10% APY
- No fee Money Market Savings¹
- No annual fee on new Home Equity Line of Credit (HELOC)²
- Loan discounts of 0.25%³
- Free Specialty Checks
- Free Paper Statements or eStatements
- Free Official Checks and Money Orders
- 25% discount on Safe Deposit Box rental where available
- 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
How to keep it free:
- Maintain $15,000 minimum combined personal deposit balances. Otherwise, $20 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 Elite Checking account and Money Market account to waive the Money Market Savings service charge of $8. ²Subject to credit approval, excludes first mortgage real estate loans and lines of credit, offer valid for consumer purpose installment loans only. Note: Annual Percentage Yield is abbreviated by APY. ³With automatic payments from a First Merchants checking account.