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PRIVATE CHECKING ACCOUNT

Private Checking Account Test

Tailor-Made Private Checking

Financial solutions that fit like a glove

You and your wealth deserve a personal touch. We know that each client’s needs are intricate and nuanced, and your private banking partner will create a tailored approach for your daily needs that still aligns with your overall wealth management strategy. It’s an adaptive strategy that our advisors design to fit you and your needs.

Our Private Checking Account is an FDIC insured account that provides Private Wealth Clients an essential tool to manage your daily banking needs with ease and accessibility.

Why Choose Private Checking?

  • No opening deposit required1
  • 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 first order of standard checks or 50% off the first order of other designs
  • 25% discount on Safe Deposit Box rental where available
  • $250 off closing costs for new residential mortgage5

How to Keep it Free:

  • Maintain $2,500 minimum account balance
  • Otherwise, $10 monthly maintenance fee

How We Make Your Life Easy:

Make Appointment
    Check out the full list of features and fee information.

Benefits of Banking with a Best Bank11

1 Make a deposit within 60 days to avoid account closure or maintenance fees. Other service fees may apply. Please see our Banking Fees.

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 Maximum of $250.00 credit off closing costs. Credit may only be applied towards closing costs and not applied as a principal reduction, or considered part of any minimum down-payment requirement, or be used towards cash back to the borrower at closing. May not be combined with any other offer or exceed third party contribution limits. Private Checking account must be opened prior to the initial underwriting of the loan.

6 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.

7 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.

8To 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.

9 Certain restrictions, terms, and conditions apply.

10 Foreign ATM transactions are; inquiries, transfers, and withdrawals at non First Merchants ATMs. Private Checking accounts will 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.

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

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