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Compare Business Checking Accounts

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

Account DescriptionThe 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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Free Online1, Mobile BankingYes Yes Yes Yes Yes
Free Business Debit Card2Yes Yes  Yes Yes
Interest Bearing  Yes Yes  
Limits3 / Eligibility100 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.   
Minimum Opening Deposit$100$100$100$100$100
Monthly Service ChargeNoneNo 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.


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.