First Merchants Bank – $500 Checking Bonus

Offer Details

Written by: RJ

Requirements

1. Open an new Advantage checking account ($300)
   • Promo code SOCIAL25
   • Direct deposit $500 for the first three consecutive months
   • Complete 15 debit card transactions or payments of $10 each, for the first three consecutive months
   • $1,500 balance
2. Open an new Elite checking account (5300)
   • Promo code SOCIAL25
   • Direct deposit $1k for the first three consecutive months
   • Complete 5 debit card transactions or payments of $10 each, for the first three consecutive months
   • $15k balance
3. Bonus posts 90 days from completion

Eligibility

1. IL, IN, MI, OH
2. Can’t currently have an account
3. Can’t have had an account in the past 36 months of the promo start date (5/1/25)

Fees

1. Advantage checking – $15 monthly fee is avoidable with one of the following:
   • $500 direct deposit per month
   • 15 debit card transactions per month
   • $1,500 balance
   • 62+ years old
2. Elite checking – $20 monthly fee is waived with $15k balance

Account Closure

1. Keep account open 6 months

Chex

1. Yes

Direct offer link

Valid through: No end date listed