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PRIVATE WEALTH ACCOUNT

Private Wealth Account

Solutions Built Just for You

Accounts designed to meet your unique needs

Your needs are intricate and nuanced – which is why our private bankers work to craft a custom solution for each client. Alongside robust banking offerings, these attentive strategies can adapt to your changing goals and are seamlessly integrated with your total wealth management strategy.

Private Wealth Checking Account Designed for You:

  • Premier Interest Rates on tiered deposit balances1
  • CD and IRA interest rate bonus of 0.05% APY2
  • Money Market Account interest rate bonus of 0.10% APY and monthly maintenance fee waived3
  • No annual fee on new Home Equity Lines of Credit (HELOC)4
  • Complimentary retirement consultation
  • FREE standard checks and 50% off other designs
  • 50% discount on Safe Deposit Box rental where available

No Fees When:

  • Maintain $50,000 minimum balance OR
  • Maintain $250,000 minimum combined personal deposit balances or in investment balances
  • Otherwise, $25 monthly maintenance fee

Exclusive Perks:

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    Check out the full list of features and fee information.

Benefits of Banking with a Best Bank9

1 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank’s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

2 Cannot be combined with promotional CD offers.

3 Monthly maintenance fee waived for statement cycles where you maintain an open First Merchants Elite, First Merchants Advantage, Private Wealth Checking or Private Checking account. If you have an open First Merchants Elite, First Merchants Advantage, Private Wealth Checking or Private Checking account and receive the $10 monthly maintenance fee on the Money Market account, the fee will be refunded on the next statement cycle. *Certain restrictions may apply. Terms subject to change.

4 Subject to credit approval.

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.

6 No 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.

7To 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.

8 Foreign ATM transactions are; inquiries, transfers, and withdrawals at non-First Merchants ATMs. Private Wealth checking accounts will receive all foreign ATM transactions free and rebates of the other ATM operator’s fee credited to the account.

9 See details on our ‘Best bank’ awards at firstmerchants.com/awards-accolades

Please see our Banking Fees.

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