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PROSPER CHECKING

Prosper Checking

Be Ready For What's Next

Prosper Checking is built for people who want confidence and control over their money—especially when life doesn’t go exactly as planned. With early access to your pay, built-in overdraft protection, and a top-rated mobile app that puts everything at your fingertips, you can plan ahead and handle the unexpected with ease. 

Get Paid Early And Stay Ahead

Early Pay puts your money in your hands sooner. With qualifying direct deposits, get paid up to two days early1—automatically and at no cost. That means more flexibility to manage bills, cover surprises, and plan with confidence, without waiting for payday. 

Avoid Overdraft Stress—Automatically

Life happens. Overdraft HelperTM helps protect you from common fees. Prosper Checking offers peace of mind built right into your account: 

  • No overdraft fee if you’re overdrawn by $50 or less at the end of the business day2
  • No Overdraft Protection Transfer fees3 

Bank Securely with a Top-Rated App

Everything you need to manage, protect, and plan—anytime. Our secure, top-rated mobile app helps you stay in control wherever you are: 

  • Deposit checks, pay bills, and manage your account 
  • Track spending and build a budget
  • Monitor your credit score and financial progress
  • Open additional accounts in minutes 

Built-In Safeguards for Everyday Life

Prosper Checking includes multiple layers of protection to help you catch issues early and stay in control: 

  • ID Theft Protection4 to help safeguard your identity
  • Credit monitoring and score access to spot fraud sooner
  • Debit card controls to instantly manage your card if it’s lost or misplaced 
  • Realtime alerts for transactions and low balances 

Everyday Value That Rewards You

  • Access to 40k+ no fee ATMs nationwide through MoneyPass®
  • Send money fast with Zelle®5
  • Senior perks (62+), including specialty checks, just pay shipping and handling6 

Simple, Flexible Fee Structure

$0 monthly maintenance fee when you:

  • Receive one direct deposit of $500 or more per month7, OR 
  • Maintain $1,000 in minimum combined personal deposit balances, OR 
  • Are a student (under 25) or senior (62+) 
 

Otherwise, a $10 monthly maintenance fee applies.
Check out the full list of features and fee information.


Built to Protect Your Money—and Help It Go Further

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Manage Your Money Confidently with Our Top-Rated Mobile App


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Avoid Overdraft Fees with Overdraft HelperTM 2


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Get Paid Up To 2 Days Sooner with Early Pay1


1Terms and conditions apply. Early Pay is a free service that First Merchants Bank offers at its discretion. We can’t guarantee you’ll always get your paycheck early—it depends on how and when your employer sends us your direct deposit. Not all employers send deposits early or label them in a way that qualifies for Early Pay. If your deposit doesn’t meet the criteria, it will arrive on your regular payday.

2No overdraft fees if you’re overdrawn by $50 or less at the end of the business day and no daily fee until day 5. Overdraft Helper™ does not require enrollment and comes with most First Merchants Personal Checking accounts. It does not apply if an account is set up for overdraft protection transfers from another account or for Simple Access accounts, which do not permit overdrafts.

3To help you avoid overdraft fees, we recommend calling or coming into a branch to link another First Merchants account for overdraft protection transfers. If you overdraft, we’ll automatically transfer funds in $50 increments from your linked deposit account—with no transfer fee. Linked account balance must cover the overdraft, and standard account fees may still apply.

4Certain restrictions, terms, and conditions apply. Please see www.mastercard.us/zero-liability for more details. Mastercard® benefits are offered through Mastercard® card services. Please call 1-800-MASTERCARD for assistance. Mastercard® Enhanced Benefits are provided by Mastercard® to First Merchants Personal Mastercard® debit card holders at no additional cost.

5 Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. To send or receive money with Zelle®, both parties must have an eligible checking or savings account.

6Specialty Checks included, just pay $10 to cover standard shipping and handling.

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


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