First Merchants Bank Offer

Bonus Details

Earn a cash bonus for opening a new First Merchants Bank business checking account: $300 for at least $5,000 in total new deposits, or $750 for at least $15,000 in total new deposits, made within the first 7 calendar days of account opening. Bonus is credited in the sixth month following account opening.

How To Qualify

Open Basic Business Checking with at least $100 and ask a banker to enroll you in the MICH-BUS Checking Offer. Deposit $5,000 in total new funds within 7 calendar days for $300, or $15,000 for $750. You must be a new FMB business checking client; customers who closed an FMB business checking account within 12 months of the offer start date are excluded.

The Fine Print

Monthly Fees: $20
Credit Inquiry: Soft Pull
Account Type: Business Checking
Expiration Date: 12/31/2026
ChexSystems: true
Additional Requirements: If you or the bank close the account within 6 months of opening, you may be charged up to the full bonus plus a $50 early closing fee.
Availability: Michigan

Monthly Fee Details

$20 monthly service fee, waived by maintaining an average monthly collected balance of at least $5,000.

Early Account Closure Fee

If the account is closed within 6 months of opening, the bonus is forfeited and a $50 early closing fee applies.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

1Terms and Conditions for the First Merchants Bank (FMB) “MICH-BUS” Checking Offer To qualify, you must be a new FMB business checking client. Existing business checking customers or those who have closed an FMB business checking account within 12 months of the offer start date (on or after 3/1/26) are not eligible. To earn this offer you must ask an FMB banker to enroll you in the “MICH-BUS Checking Offer” when opening a new Basic Business Checking account between 3/1/26, and 12/31/26. You can earn $750 when you deposit at least $15,000 within the first 7 calendar days of account opening OR earn $300 when you deposit at least $5,000 within the first 7 calendar days of account opening. The account must maintain a $5,000 monthly average collected balance or a $20 monthly service fee will apply. If all qualifications are met, the offer will be credited to the new account in the sixth month following account opening and will appear on your statement as “New Checking Offer Reward.” If the account is closed by you or FMB within 6 months of opening, you may be charged up to the full offer amount ($750 or $300) and a $50 early closing fee.