Offer at a glance
- Maximum bonus amount: $300 / $750
- Availability: MI
- Direct deposit required: No.
- Additional requirements: Deposit $5,000-$15,000
- Hard/soft pull: Gentle pull
- ChexSystems: yes
- Credit card financing: Yes, up to $1,000 with a Visa or Mastercard
- Monthly fees: $20, avoidable
- Early account closure fee: $50, bonus loss
- Family boundary: ANY
- Expiration date: 31.12.26
Offers
- First Merchants Bank offers a $750 bonus when you open a new business checking account.
- Make a minimum of $15,000 in total new deposits within 7 calendar days to qualify for the $750 cash bonus OR
- Make a minimum of $5,000 in total new deposits within 7 calendar days to qualify for the $300 cash bonus
Fine Press
- To qualify, you must be a new FMB business checking customer. 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 1/3/26) are not eligible.
- The primary account holder must be at least 18 years old. FMB employees are not eligible. This offer is limited to one per customer and is not valid for public funds, estate accounts, US government entities, other banks or financial institutions.
- To qualify for this offer, you must ask an FMB banker to enroll you in the MICH-BUS Checking Offer when you open 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.
- Account must maintain an average monthly balance of $5,000 collected or a $20 service fee will apply.
- If all qualifications are met, the offer will be credited to the new account in the sixth month after account opening and will appear on your statement as “New Check Offer Reward”.
- FMB may report the award value to the IRS upon request, and any taxes are the recipient’s responsibility.
- Offer is given at FMB’s sole discretion.
- If the account is closed by you or FMB within 6 months of opening, you may be charged up to the full amount of the offer ($750 or $300) plus a $50 early closing fee. This offer may change or be discontinued at any time.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has a $20 monthly fee, which is waived if:
- Maintain an average monthly balance collected of at least $5,000
Early account termination fee
Bonus forfeiture and $50 fee charged if closed within six months
Our verdict
There is also one $400/$600 personal check bonus.
Hat tip to the reader Brad
Useful posts about bank bonuses:
