First Merchants BankChecking accountChecked Oct 10, 2026Updated Oct 10, 2026

First Merchants Advantage Checking

$15monthly fee

A year for an everyday customer: $0 fees and interest, $2,000 kept
To open: No minimum to open
On our list: #340 of 986 checking accounts, by a year’s value for an everyday customer

Fees

Monthly fee: $15 a monthSource · checked Oct 10, 2026
Ways to avoid the monthly fee: Any one of these:
Make one direct deposit of at least $500 monthly
Make 15 debit card transactions per month
Maintain $1,500 minimum combined personal deposit balances
Special perks for seniors (age 62+): No monthly maintenance fee
Source · checked Oct 10, 2026
Minimum to open: NoneSource · checked Oct 10, 2026
Overdraft transfer fee: NoneSource · checked Oct 10, 2026
ATM network: MoneyPassSource · checked Oct 10, 2026
ATMs in the network: 40,000Source · checked Oct 10, 2026
Paper statements: $3 a monthSource · checked Oct 10, 2026
Cashier’s check: NoneSource · checked Oct 10, 2026

Debit cardEarly direct depositMobile walletOverdraft protection transferZelle

From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.

Rates and fees change; the bank’s own page is the final word. Report a mistake · How we make money · Not stated: 1 item counted at typical fees