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First Preferred

First Preferred Checking

Earn interest while getting lots of extras with First Preferred checking. You receive the best-in-class features, getting the most from your banking experience.



  • Rates are tiered based on account balance and may vary. Ask us for current rates.
  • Interest is accrued daily and credited monthly.

Minimum Opening Deposit:

  • $100

No Monthly Service Charge:

  • With minimum balance of $3,000
  • OR $20,000 total deposit relationship

WITHOUT minimum balance of $3,000 or $20,000 total deposit relationship:

  • eStatements - $9
  • Paper Statements - $10
  • Paper Statements with check images - $12

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

Other service fees may apply.

*Foreign ATM transactions are: inquiries, transfers, and withdrawals at a non First Merchants ATM and do not include surcharges that may be assessed by the ATM’s owner. In addition to all First Direct and First Student accounts, all personal checking accounts opened in the Indiana counties of Porter, LaPorte and Lake; and the Illinois counties of Will, Kendall, Kane, DuPage and Cook receive the 5 Free Foreign ATM Transactions . All personal checking accounts opened in the Ohio county of Franklin receive 5 free foreign ATM transactions and 5 rebates of the ATM operator’s fee up to $20 per statement cycle and $4 per transaction. **With automatic payment 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. 

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.