Monthly fee
$5
$0 a year for an everyday customer: fees and interest, $2,000 kept.
First Merchants Bank · Checking account
First Merchants Carefree Checking Account
$0 a year for an everyday customer. $5 a month. No minimum to open.
- A year, everyday customer
- $0
- Monthly fee
- Receipt · Monthly feeChecked Nov 8, 2026
Issuer's page · firstmerchants.com
The source states this figure; we have no exact sentence on file yet.
- To open
- Receipt · Minimum to openChecked Nov 8, 2026
Issuer's page · firstmerchants.com
The source states this figure; we have no exact sentence on file yet.
Against the market
How it ranks
#310of 1043 checking accounts, by a year’s value for an everyday customer
All 1043 checking accounts, rankedFeatures
- Debit card
- Early direct deposit
- Mobile wallet
- No overdraft fees
- Overdraft grace period
- Overdraft protection transfer
- Zelle
From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.
In the bank’s words
Terms
Fees
- Monthly fee
- $5 a monthfirstmerchants.com, checked Nov 8, 2026
- Ways to avoid the monthly fee
- Any one of these:
- Make one transaction per month
- Maintain $100 minimum combined personal deposit balances
- Students under age 25
- Minimum to open
- Nonefirstmerchants.com, checked Nov 8, 2026
- Overdraft transfer fee
- Nonefirstmerchants.com, checked Nov 8, 2026
- ATM network
- MoneyPassfirstmerchants.com, checked Nov 8, 2026
- ATMs in the network
- 40,000firstmerchants.com, checked Nov 8, 2026
- Paper statements
- $3 a monthfirstmerchants.com, checked Nov 8, 2026
FDIC-insured, up to $250,000 per depositor, per ownership category: FDIC BankFind.
Rates and fees change; the bank’s own page is the final word. Report a mistake · How we make money · Not stated: 1 item counted at typical fees