See new First Merchant Bank Promotions and Bonuses here.
They are currently offering cash bonuses up to of $500 for qualifying accounts.
Table of Contents
About First Merchant Bank Promotions
First Merchants Bank is headquartered in Muncie, Indiana and was established in 1839. Since then they have grown to 127 location and they also boasts an A+ health rating. They provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. If you are not a resident in one of these states, you can see our complete list of Bank Promotions available nationwide for more offers.
- Availability: IN, IL, OH (Bank Locator)
- Routing Number: 74913712
- Customer Service: 1-800-205-3464
First Merchant Bank offers pretty standard rates when it comes to CDs and Savings Accounts. Check out our full list of Bank Rates and CD Rates for the best rates nationwide.
I will review the current offers below.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as CIT Bank, Chase Bank, HSBC Bank, Discover Bank, Huntington Bank, and TD Bank. See our best rates for Savings and CD too. |
||
| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $475 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $700 | Review |
| HSBC Advance Checking Member FDIC | $225 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $270 | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| TD Bank Checking | $300 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
First Merchant Bank $500/$200/$100 Checking Bonus
First Merchant Bank is offering a $500/$200/$100 bonus when you open a new checking account and meet account requirements.
- Account Type: Elite, Advantage, or Carefree Checking Account
- Credit Inquiry: Soft Pull
- Chex Systems: Yes
- Opening Deposit: $100
- Credit Card Funding: None
- Direct Deposit Requirement: Yes
- Monthly Fee: Can be waived, see below
- Additional Requirements: See below
- Household Limit: 1
- Closing Account Fee: Unknown
(Offer expires 05/29/2020)
Furthermore, I would compare this offer with some main bank bonuses. Discover offers $360 Cashback Debit bonus, Chase Bank offers $200 & $300 bonuses, TD Bank offers $150 & $300 bonuses, Huntington Bank offers a $200 bonus, and HSBC Bank offers $350 & $700 bonuses.
How To Earn $500/$200/$100 Bonus
- Visit the nearest First Merchants Bank branch or go online and open a new Checking Account with a minimum opening deposit of $100 with promo code 1911CKPMI . Bonus varies by account:
- Elite Checking: $500
- Advantage Checking: $200
- Carefree Checking: $100
- Provide a minimum opening deposit of $100
- Set up and have at least one direct deposit of $500 or more within the first 60 days
- Keep the account open and in good standing
- All FREE features
- Earn a high checking interest rate
- No fee Money Market Savings
- CD and Money Market interest rate bonus
- Free official checks and money orders
- Discount on safe deposit box rental
- 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
- You must be a new First Merchants personal checking client
- Clients with an existing personal checking account with First Merchants are not eligible
- The primary account holder of the participating checking account must be 18 years old or older at the time of account opening
- First Merchants employee accounts are not eligible for this promotion
- Minimum account opening deposit for a new checking account is $100
- The offer is non-transferable and may not be combined with any other offers
- This offer is subject to change and may be discontinued at any time
First Merchant Bank $400/$200/$100 Checking Bonus
Earn up to $400 bonus with a new Checking Account.
Take advantage of a $100/$200/$400 bonus when you open a new Checking Account.
- Account Type: Elite, Advantage, or Carefree Checking Account
- Credit Inquiry: Soft Pull
- Chex Systems: Yes
- Opening Deposit: $100
- Credit Card Funding: None
- Direct Deposit Requirement: Yes
- Monthly Fee: Can be waived, see below
- Additional Requirements: See below
- Household Limit: 1
- Closing Account Fee: Unknown
(Offer expires 12/31/2020)
Earn $400/$200/$100 Bonus
- Stop by a Banking Center near you or open an account online using promo code 2020CKMD.
- Must have a direct deposit of at least $500 within 60 days of account opening.
- Offer valid only for accounts opened between April 3, 2020, and December 31, 2020.
- Offer valid only for households with no current First Merchants Bank checking accounts.
- Cannot be combined with other offers.
- Offer valid to recipient only.
- All FREE features
- Earn a high checking interest rate
- No fee Money Market Savings
- CD and Money Market interest rate bonus
- Free official checks and money orders
- Discount on safe deposit box rental
- 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
- You must not have closed a personal checking account within 180 days of the promotion start date (on or after April 13, 2020).
- The primary account holder of the participating checking account must be 18 years old or older at the time of account opening and reside in Illinois, Indiana, Ohio or Michigan.
- First Merchants employee accounts are not eligible for this promotion.
Bottom Line
First Merchants Bank is currently having a promotion where you can earn up to a $500 bonus simply by opening a new checking account or earning a $50 bonus when you refer a friend to sign up. In addition to these fantastic bonuses you or your friends will have access to a range of account features to better your banking experience!
Feel free to leave a comment about what you like/dislike about First Merchant Bank. Your feedback is highly appreciated and makes our site even better!
*Check back for updated First Merchant Bank promotions, bonuses and offers.
The best bank bonuses are updated here. Check the below pages to get started with some of the best offers: • Chase Bank Bonuses. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks. • HSBC Bank Bonuses. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. • Huntington Bank Bonuses. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees). • Discover Bank Bonuses. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. |
How long must you keep your account open?
40 debits in 60 days req. You’ll have to make a purchase almost every day for 2 months!! That’s a lot of work!
Current offer thru 12/31/18 says offer only valid in Indiana :/
I tried to apply online. They said that I could not open the checking account because I had an adverse credit history, but they did not disclose which credit bureau provide the report (I thought this was required by law).
appears to be hard pull – had to answer lot of credit questions when opening online and was advised after opening must have DD of $50…I don’t have DD availability 🙁
CSR said monthly DD is also required (but can be any amount).
has anybody checked whether hard or soft pull?
I applied online more than a month ago. Creditcarma does not show hard pull.
Has anyone checked whether paypal transfer counts as a direct deposit?