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First Merchants Bank Bonus Offer

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As of June 2026, First Merchants Bank is actively running 2 promotional offers with bonuses up to $750. balances attractive promotions with regional expertise.

Offer Update History - Latest May 24th, 2026

  • Updated @ May 24th, 2026: Personal Checking: bonus 500 -> 600
  • Updated @ May 24th, 2026: Personal Checking: expiration 2025-11-30 -> 2026-12-31

Personal Checking

First Merchants Bank

Personal Checking

$600
Sign-up Bonus
+
$50
Referral Bonus
Region:MI
Direct Link:
https://www.firstmerchants.com/switch-mi
Offer Expires:Dec 31, 2026
!
Bonus Requirement & Tips:
-Bonus Requirements:
-Earn a $400 bonus when you open a First Merchants Prosper Checking and complete the following requirements:
Use promo code MIPROSPER
Make a minimum direct deposit of $500 within 90 days to qualify for $400 bonus cash
-Earn a $600 bonus when you open a First Merchants Prosper Plus Checking and complete the following requirements:
Use promo code MIPROSPER
-Make a minimum of $25,000 in total new deposits within 7 calendar days and maintain a minimum daily balance of $25,000 for 90 days to qualify for $600 bonus cash
-Existing personal checking customers or those who have closed an FMB personal checking account (either as the primary or secondary account holder) within 12 months of the offer start date and the opening date of the new account.

Business Checking

First Merchants Bank

Business Checking

$750
Sign-up Bonus
Region:IL, IN, OH, MI
Direct Link:
https://www.firstmerchants.com/switch-mibus
Offer Expires:Dec 31, 2026
!
Bonus Requirement & Tips:
-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.
-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.

Frequently Asked Questions (FAQ)

Does First Merchants Bank require direct deposit for the bonus?

First Merchants Bank typically requires qualifying direct deposits for checking bonuses. Requirements vary by offer - check specific terms for minimum amounts and timeframes.

Is the First Merchants Bank bonus offer available nationwide?

First Merchants Bank is primarily available in Nationwide and surrounding areas. Check branch locations to confirm availability in your area.

Can I earn an extra referral bonus at First Merchants Bank?

Yes! First Merchants Bank currently offers an additional referral bonus of up to $50. Ask an existing member or customer for their referral link before signing up.

Is the First Merchants Bank welcome bonus once per lifetime?

First Merchants Bank typically limits bonuses to new customers who haven't held a similar account in the past 12-24 months. Terms vary by promotion.

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