Compare and Open a Commercial Deposit Account
Open a commercial deposit account at First Merchants that helps your business meet your money management goals. Choose the account that works best for your business.
Business Products Comparison Table
| Account Features |
First Business Checking
|
Basic Business Checking
|
Business Savings
|
Business Interest Checking
|
Commercial Checking
|
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| Account Description | The checking account for small businesses with big benefits and no minimum balance requirements. | The checking account for businesses that have larger transaction volume and maintain higher balances. | A great savings account that has tiered interest rates for higher balances, accrues interest daily and credits monthly. | Your account balance earns interest and more with Business Interest Checking. | The account that can accommodate the most basic or complex banking needs. |
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| Related Links | Open Account | Open Account | Open Account | | |
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| Free Online1, Mobile Banking | Yes
| Yes
| Yes
| Yes
| Yes
|
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| Free Business Debit Card2 | Yes
| Yes
| | Yes
| Yes
|
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| Interest Bearing | | | Yes
| Yes
| |
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| Limits3 / Eligibility | 100 free items per month plus unlimited ACH credits and debits received, then $0.50 per item. | 300 free items per month plus unlimited ACH credits and debits received, then $0.50 per item. | | | |
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| Minimum Opening Deposit | $100 | $100 | $100 | $100 | $100 |
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| Monthly Service Charge | None | No monthly service charge with a monthly average collected balance of at least $5,000, otherwise $20 per month. | No monthly service charge with a minimum balance of at least $300, otherwise $5 per month. | No monthly service charge with a monthly average collected balance of at least $7,500, otherwise $20 per month. | Assessed based on monthly account activity. Fees may be reduced or eliminated. |
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1Standard Business Online Banking is available for no monthly fee. Additional charges may apply for certain services.
2Use of debit/ATM card in an ATM not owned by First Merchants Bank may result in ATM service charges from the bank and the institution that owns the ATM.
3Items include checks paid, checks deposited, deposited items and various other debits.