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Offer Intel
Bank BonusBankingEnds Dec 31
Business CheckingMichiganNo Direct DepositLimited Time

First Merchants Bank adds $300/$750 Michigan business checking bonus

By Alex Compton · Updated

First Merchants Bank has a $300/$750 business checking bonus that belongs on the bank-bonus watchlist. This should still be checked against the current account terms before anyone opens an account.

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At a Glance

Maximum Bonus Amount
$300/$750
Account Type
Business Checking
Funding Requirement
$750
Availability
MI
Direct Deposit Required
No
Additional Requirements
Deposit $5,000-$15,000
Hard/Soft Pull
Soft Pull
ChexSystems
Yes
Credit Card Funding
Yes, up to $1,000 with a Visa or Mastercard
Monthly Fees
$20, avoidable
Early Account Termination Fee
$50, bonus forfeit
Household Limit
None
Expiration Date
12/31/26

Who Should Care

This is relevant for readers who can open business checking accounts in the eligible footprint and are comfortable tracking account-opening requirements, monthly fees and bonus timelines.

Terms To Verify

Bank bonuses can turn on small details. The public card should not be treated as final until the account page and bonus disclosure match the expected terms.

  • Required account activity
  • Eligible states or membership rules
  • Direct deposit, debit-card, balance or funding requirements
  • Monthly fee waiver requirements
  • Bonus posting timeline and early-account-closure fee
  • Whether prior account holders are excluded

Before You Act

  1. 1Confirm the bonus amount on the bank application page.
  2. 2Screenshot or save the bonus terms before applying.
  3. 3Calendar the requirement window and expected payout month.
  4. 4Avoid opening if fees or deposit rules make the bonus uneconomic.