"Elite" from First Merchants Bank

The Basics

Minimum Opening Deposit
 
$100.00
A $100.00 deposit is required to open this account.
Monthly Maintenance Fee
 
$20.00
The Monthly Service Fee of $20.00 can be waived by maintaining an minimum combined daily balance of $15,000.00.
Annual Percentage Yield (APY)
 
up to 0.10%
The account earns 0.01% for balances over $0.00
0.03% @ $2,500.00
0.07% @ $5,000.00
0.10% at $10,000.

Debit Cards & Using ATMs

Gold Standard Rewards
 
$0.00/yr
This account includes 'Gold Standard Rewards' to put money back into your account based on your debit card usage. There is no annual fee for this card.
Debit Card $0.00/yr
Surcharge-Free ATM Access
 
Yes
Surcharge-Free access to your cash at all Money Pass ATM locations.
Non-affiliated ATM Usage Fee
 
$2.00/per use
There is a $2.00 fee each time you use a non-affiliated ATM.
International ATM Usage Fee $0.00

Electronic & Telephone Banking

Online Banking
 
Free
In addition to the standard online banking features, this service includes:
- Remote deposit of checks by fax or scanned image;
- Personal finance tools for budgeting and planning;
- Secure online document storage;
- Funds transfers to accounts at other institutions.
Email Alerts
 
Included with Online Banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- An email to let you know there's a secure message for you in Online Banking;
- Priority Online Account notifications (i.e., change of password).
Online Bill Pay Free
Mobile & Text Banking
 
Free
This institution supports:
- A text messaging service to view account balances, view recent activity;
- A mobile-browser website to view account balances, view recent activity, transfer funds, pay bills, locate ATMs;
- A downloadable mobile application to view account balances, view recent activity, transfer funds, pay bills, locate ATMs;
- An iPhone application to view account balances, view recent activity, transfer funds, pay bills, locate ATMs;
- An Android application to view account balances, view recent activity, transfer funds, pay bills, locate ATMs.
Deposit Checks with Mobile Phone
 
Free
This feature is available on the iPhone and Android mobile application.
Person-to-Person Payments
 
$1.00/payment
People Pay -$1.00 thru PayPal
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks
 
Yes
The first order of 'basic' checks is free for all new account holders.
Reorders of 'basic' checks are free for all account holders.
Monthly Paper Statements Show Details
No Fee
Check Images with Statements
 
$3.00/month
There is a $3.00 fee to receive paper statements with check images included by mail
Online Statements Yes
Online Check Images Yes

How To Reach First Merchants Bank

Go To Website: First Merchants Bank
Call: 8800.205.3464

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We conduct our own research for all the institutions listed.

Our branch location database is sourced from the FDIC and is updated with information provided by banks and credit unions.

All deposit accounts in FindABetterBank are insured by the FDIC or NCUA.

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