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Choose The Account
That Works Best For You

Managing your checking finances well starts with choosing the account that aligns with your lifestyle and spending habits. With our personal checking product comparison tables, finding the perfect fit is simple.

Show Me Checking Accounts For:

Accounts To Empower Your Everyday

Each of our checking accounts is designed differently, with unique features focused on serving your needs.

First Merchants Advantage Checking

For clients who are frequent debit card users or receive monthly direct deposits.

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First Merchants Carefree Checking

Great for those who want a simple, easy account that includes all of our free features.

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First Merchants Simple Access Checking

A convenient online checking account with no overdraft fees to help build your banking history with ease.

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How to avoid monthly service charges on your account
Complete one of the following to avoid $15 monthly service charge:
•  One $500 direct deposit2 per month
•  15 debit card transactions per month
•  Maintain at least $1,500 in minimum combined personal deposit balances
Complete one of the following to avoid $5 monthly service charge:
•  One customer-initiated transaction1per month
•  Maintain at least $100 in minimum combined personal deposit balances
•  Verify that you are a student under age 25
$4 per month
Interest bearing
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Minimum opening deposit*
$0
$0
$0
Discount on checks
50% Discount on Personal Checks, Seniors receive Free Specialty Checks
Other discounts
Free for Seniors
(62 and over)3
Free for Students
(under age 25)3
Access to Fee Free ATMs with MoneyPass®
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Zelle® Person to Person Payments
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Highly Rated Mobile App
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Mastercard® Personal Debit Card with ID Theft Protection & Card Controls
Checkmark Black
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Free Online Banking, Bill Pay and Personal Finance Tools
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Paper Statement
$3 per month or Free for Seniors
$3 per month or Free for Students

Top-Quality Accounts For Excelling Financially.

Our premium accounts offer exclusive benefits and advantages designed to maximize your banking experience and financial progress.

First Merchants Elite Checking

For those who maintain large balances, and would like to receive higher interest earnings and special benefits.

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First Merchants First Direct Checking

For employees of participating businesses, first responders, members of the military, teachers, and healthcare workers.

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How to avoid monthly service charges on your account
No monthly service charge with $15,000 in minimum combined personal deposit balances, otherwise $20 per month.
No monthly service charge with one $200 direct deposit2 per month, otherwise $10 per month.
Interest bearing
Checkmark Black
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Minimum opening deposit*
$0
$0
Discount on checks
Free Specialty Checks
Free Specialty Checks
Other discounts
CD interest rate bonus of .05% APY**
interest rate bonus of .05% APY**, No annual fee on new HELOC, 2 overdraft items waive per rolling 12 month calendar.
Access to Fee Free ATMs with MoneyPass®
Checkmark Black
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Zelle® Person to Person Payments
Checkmark Black
Checkmark Black
Highly Rated Mobile App
Checkmark Black
Checkmark Black
Mastercard® Pesonal Debit Card with ID Theft Protection & Card Controls
Checkmark Black
Checkmark Black
Free Online Banking, Bill Pay and Personal Finance Tools
Checkmark Black
Checkmark Black

1 Excludes bank service fees and charges, transactions must post during statement cycle

2 Multiple deposits of less than required amount will not qualify to waive the monthly maintenance fee.

3 Students under age 25 can receive Free paper statements, and no monthly maintenance fee with a First Merchants Carefree Checking Account. Seniors 62 and over can receive Free paper statements, Free specialty checks and no monthly maintenance fee with a First Merchants Advantage Checking account.

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

*Make a deposit within 60 days to avoid account closure or maintenance fees.

**APY (Annual Percentage Yield)

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