First Merchants Bank checking $750 Bonus

Requirements

• Deposit at least $15,000 in total new deposits within the first 7 calendar days of account opening
• Keep account open for 6 months to avoid bonus forfeiture and $50 early closure fee ($20/mo fee waived with $5,000 avg balance)
• Ask FMB banker to enroll in 'MICH-BUS Checking Offer' during opening; new FMB business checking clients only

Cash you need to float: $5,000

Timeline

1. Complete all requirements within 7 days.
2. Keep the account open 180 days to avoid clawback or early-close fees.

Bonus tiers

• $300 — Deposit at least $5,000 in total new deposits within 7 calendar days: park $5,000, hold 7 days
• $750 — Deposit at least $15,000 in total new deposits within 7 calendar days: park $15,000, hold 7 days

Closing the account (what we verified)

• Early-close fee: $50 if closed within 180 days of opening.
• Bonus clawback risk if closed within 180 days of opening.
• Bonus typically posts within 180 days of completing requirements.
• Monthly fee: $20 (waived: Waived with $5,000 average monthly collected balance).

Availability

Available in: MI

Other current bonuses

• HSBC checking $5,000 bonus
• E*TRADE IRA $5,000 bonus
• TradeStation brokerage $3,500 bonus