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Advantage Checking

First Merchants Advantage Checking

An interest-bearing account with special benefits created for clients who are frequent debit card users, receive monthly direct deposits or retain a balance and free for seniors.

Check Rates and Open an Account Now.


Additional Senior Benefits:

  • No monthly maintenance fee
  • Free Specialty Checks
  • Free Paper Statements

How to keep it free:

  • Make one direct deposit of at least $500 monthly³, OR
  • Make 15 debit card transactions per month, OR
  • Maintain $1,500 minimum combined personal deposit balances
  • Otherwise, $15 monthly maintenance fee.

Maximize your benefits by pairing this checking account with our Money Market Account. You can open it online at the same time.

Other service fees may apply. Please see our Banking Fees.

¹Monthly maintenance fee waived for statement cycles where you maintain an open First Merchants Elite or First Merchants Advantage account.  If you have an open First Merchants Elite or First Merchants Advantage account and receive the $10 monthly maintenance fee on the Money Market account, the fee will be refunded on the next statement cycle.
²With automatic payments from a First Merchants checking account. Subject to credit approval, excludes first mortgage real estate loans and lines of credit, offer valid for consumer purpose installment loans only. 
³Multiple deposits of less than $500 will not qualify to waive monthly maintenance fee.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

4Must have a bank account in the U.S. to use Zelle.

Please see terms and conditions of First Merchants Mobile Banking.