Find the most recent First Merchants Bank bonuses, promotions, and offers here.
Update 4/16/24: There’s currently the standard $50 referral bonus for each member you refer to open a new account. Now, we’ve added a link for those who open an Ohio banking center, or online where the accountholder has an Ohio address, the Referrer and Referee will earn $100.
First Merchants Bank Bonuses Review
First Merchants Corporation is the largest financial services holding company located in Central Indiana. They provide their customers with broad financial services delivered locally by bankers who are known and trusted in their communities. We offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.
I’ll go over the First Merchants Bank offers below.
First Merchants Bank $50 / $100 Referral Bonus
- What you’ll get: $50 / $100 bonus
- Eligible account: Checking Account
- Availability: IN,IL & OH (Bank Locator)
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fees: $4-$10; see below
- How to earn it:
- Register using the form to get your referral link.
- Refer: Share your referral link with friends and family.
- Earn $50 / $100 each time someone opens a qualifying checking account or auto loan with your referral link up to $500 a year. Plus they earn $50 / $100 too!
(Limited time offer)
Editor’s Note: For the members you refer that open an account at an Ohio banking center, or online where the accountholder has an Ohio address, the Referrer and Referee will earn $100. Direct Link to Offer
U.S. Bank Smartly® Checking ($700 Cash Bonus) | SoFi Checking & Savings Account ($325 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($200 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) | Truist Checking ($400 bonus) |
Fine Print
- You must be a new First Merchants personal checking client.
- Please allow 4-6 weeks for delivery of your Reward Card after completing all offer requirements.
- Get a $50 Mastercard Reward Card when your friend registers, opens a new First Merchants Bank personal checking account with a deposit of $100 or more AND completes the following qualification within 60 days of account opening:
- Complete fifteen (15) debit card transactions (Excluding ATM transactions)
First Merchants Bank $400 Checking Bonus (Expired)
- What you’ll get: $400 Bonus
- Eligible account: Checking
- Availability: IN,IL & OH
- Credit Inquiry: Soft Pull
- Direct Deposit Required: Yes
- Monthly Fees: $4-$10; see below
- How to earn it:
- Get up to $400 for opening a new First Merchants checking account with promo code BANKOFFERS0722.
- Earn $50 for opening a new Carefree Checking Account or Simple Access Account.
- Earn $200 for opening a new Advantage Checking Account or First Direct Checking Account.
- Earn $400 for opening a new Elite Checking Account.
- AND BY
- 1.) Completing 15 debit card transactions within 60 days of account opening. Transactions must post to account within 60 days of account opening.
- 2.) Complete one Direct Deposit* of $500 or more within 60 days of account opening.
- Get up to $400 for opening a new First Merchants checking account with promo code BANKOFFERS0722.
(Expires 12/31/2022)
Chase Private Client ($3,000 Bonus) | U.S. Bank Smartly® Checking ($700 Cash Bonus) |
KeyBank Checking ($200 bonus) | Fifth Third Preferred Checking ($200 Bonus) |
Fine Print
- You must be a new First Merchants personal checking account holder.
- Account holders with an existing personal checking account with First Merchants (either as the primary or secondary account holder) are not eligible.
- You must not have closed a personal checking account within 180 days of the promotion start date (on or after July 1, 2022).
- The primary accountholder of the participating checking account must be 18 years old or older at the time of account opening and reside in Indiana, Ohio, Illinois, or Michigan. First Merchants employee accounts are not eligible for this promotion.
How to Waived Monthly Fees
- First Merchants Carefree Checking: $5.00 monthly; can be waived when you complete:
- One customer initiated transaction1, OR
- Maintain at least $100 in minimum combined personal deposit balances
- First Merchants Advantage Checking: $15.00 monthly; can be waived when you complete:
- One $500 direct deposit per month, OR
- Make 15 debit card transactions per month, OR
- Maintain at least $1,500 in minimum combined personal deposit balances
- First Merchants First Direct Checking: $10.00 monthly can be waived with one $200 direct deposit per month
- First Merchant Elite Checking: $20.00 monthly can be waived with $15,000 in minimum combined personal deposit balances
- First Merchants Simple Access Checking: $4.00 monthly
- First Business Checking: No monthly fees
- Basic Business Checking: $20.00 monthly; can be waived with an average collected balance of at least $5,000
- Business Interest Checking: $20.00 monthly; can be waived with an average collected balance of $7,500
- Commercial Checking: Monthly account analysis service charge and other fees based on account activity. Fees may be reduced or eliminated with earnings credit based on account balance.
Conclusion
In my opinion, the checking bonuses offered by First Merchants Bank are great bonuses to take advantage of. Be sure to note of their current bank promotions going on where you can earn tiered rewards up to $400!
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Check back often for more First Merchants Bank Bonuses, Promotions, or Offers!