Update Browser: you are currently trying to view the First Merchants site using an outdated browser. In our commitment to your security, and in keeping with industry standards, we no longer support the browser you are using. Learn more.

Elite Checking


Picture of two young people giving each other thumbs upFirst 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.


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.


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

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. . ³With 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. 4Cannot be combined with any other interest rate bonuses or promotions.

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.