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 stopping in a banking center
- CD interest rate bonus of 0.05% APY4
- Money Market Savings interest rate bonus of 0.10% APY4
- 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.
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.