- $25 minimum opening deposit
- $4 monthly fee
- No paper checks
- Electronic cash withdrawals only
- Qualifications to move to another account type: You may ask to transfer from the Simple Access Account into another First Merchants checking account once your account has been open for 12 months and has a positive balance.
- Other service fees may apply.
Open a First Merchants Simple Access Account
Please see terms and conditions of First Merchants Mobile Banking.
*We will decline or return transactions when you do not have enough money in your account to cover the charge. However, you could still end up with a negative balance if, for
example, a transaction is approved for one amount, but then the actual charge is larger than the balance you have in your account (like when you add a tip at a restaurant after the transaction for the meal was already approved). Even if you have a negative balance, we will not charge you an overdraft fee.