[Expired] First Merchants Bank Bonus, Get $250 With Direct Deposit and 40 Debit Transactions (IN)

First Merchants Bank has a new signup bonus of $250 available for residents of  Indiana only. The offer is available online and in-branch.

Bonus Requirements

Present the $250 promotional offer when opening a new First Merchants Advantage Checking Account. A $100 minimum deposit is required when opening an account. To receive the $250 Reward the following conditions must be satisfied:

1. Open account with promo code 1809CKA250
2. Set up and have at least one direct deposit of $50 or more within the first 60 days after account opening; and
3. Must have an FMB debit card and make at least 40 point-of-sale transactions processed within 60 days after account openings; and
4. Your account must remain open with a positive balance once the above conditions are satisfied.

Then, your $250 Reward will be credited to this open account within 60 days of all conditions being met. To the extent required by law, First Merchants will report the value of this reward to the IRS on Form 1099-INT.

Eligibility

You need to be in Indiana, Illinois or Ohio to open an account, but fine print says that offer valid in Indiana only.

Existing FMB checking accounts or accounts converted to another personal checking account are NOT eligible for this offer.

You can receive only one new checking account reward related offer per household per calendar year.

Fees

First Merchants Advantage Checking Account comes with a $3 fee that is waived witheStatements.

Checking accounts closed by customer within 180 days of opening are subject to a $50 account early closing fee.

Guru’s Wrap-Up

A good bonus but limited to Indiana only. 40 point-of-sale transactions are a bit of a hassle, but I would still go for it if I was eligible. The highest previous bonus has been $200 I believe.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Offer Details

• Promo Page
• Promo Code: 1809CKA250
• Account Type: Advantage Checking
• Availability: IN
• Expiration Date: 12/31/2018
• Inquiry Type: Soft pull
• Direct Deposit Requirement: $50 within 60 days
• Other Requirements: 40 non-pin based debit card transactions within 60 days
• Credit Card Funding: Up to $250
• Monthly Fee: None, with estatements
• Closing Account Fee: $50 if closed within 180 days

Help us out… Email us if you find any bank offers!