First Merchant Bank $400 Checking Bonus

Open a new checking account at First Merchant Bank and earn up to $400 bonus when you complete the eligible requirements.

First Merchant Bank $400 Checking Bonus

• Availability: IN, IL, OH
• Expiration: 12/31/2022
• Credit Inquiry: Soft Pull
• Credit Funding: Not stated
• Direct Deposit Requirement: Yes
• Monthly Service Fee: See below to waive monthly fees
• Early Termination Fees: None listed, check with CSR for more information

(Expires 12/31/2022)

How to Earn Bonus

To qualify:

• First Merchants Bank is offering a bonus of up to $400 when you open a new checking account account. The bonus you receive depends on the account you open, but for all accounts you need to complete the following requirements:
  • Have a direct deposit of at least $500 within 60 days of account opening.
  • Complete 15 debit card transactions within 60 days of account opening.
  • Must use promo code BANKOFFERS0722.
• Bonuses are as follows:
  • Carefree Checking Account ($50)
  • Advantage Checking Account ($200)
  • First Direct Checking Account ($200)
  • Elite Checking Account ($400)
  • First Merchants Simple Access Checking ($50)

Reward will be credited to the new checking account up to 8 weeks after all qualifications are met.

Avoid Monthly Fees

• Elite Checking: Maintain $15,000 minimum combined personal deposit balances; otherwise, $20 monthly maintenance fee
• Advantage Checking: Make 15 debit card transactions or $500 direct deposits or maintain $1,500 minimum combined personal deposit balances; otherwise, $15 monthly maintenance fee
• Carefree Checking: Make one customer-initiated transaction per month or maintain $100 minimum combined personal deposit balances; otherwise, $5 monthly maintenance fee

Author’s Verdict

The First Merchant Bank Checking Bonus is easy and simple to earn! Just make the direct deposit requirement and waive the monthly fees. To find more bonuses, check out First Merchant Bank  Promotions. Our full list of banking bonuses can be found here.