First Merchants Carefree Checking

Great for clients who want a simple, easy account that includes all of our free features.



First Merchants Carefree Checking is FREE for students (under 25)

Additional Student Benefits²

  • No monthly maintenance fee
  • Free Paper Statements

How to keep it free:

  • Make one transaction per month,³ OR maintain $100 minimum combined personal deposit balances. Otherwise, $5 monthly maintenance fee.

Maximize your benefits by pairing this checking account with our Regular Savings account.  See a service associate for more details.


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

¹With 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.
²Students under age 25. At age 25, must meet account requirements to avoid monthly maintenance fee.
³Excludes bank service fees and charges, transaction must post during statement cycle.