Hampton Branch Temporarily Closed
Our branch in Hampton is temporarily closed due to smoke damage. For service, please contact us or visit another nearby Merchants Bank location in Cannon Falls, Hastings or Northfield. Thank you.
Spend
Protect your money. Save time. Spend the way you want. Choose the checking account that fits your needs and lifestyle.
Relationship Checking
Earn interest with your checking account and other benefits with your growing Merchants relationship.
eChecking
Lose the paper and simplify your banking. Good for you, good for the earth. This account prioritizes using your debit card, ATMs, automatic deposits and withdrawals and the convenience of mobile banking to manage your account.
Free Checking
Some things never go out of style. All the essentials and the service you trust. No minimum balance.
Military Banking
A special checking account for those who are serving or have served in the military. We are humbled by your willingness to sacrifice and honored to offer this account as a small thank you for your service.
Compare Checking Accounts
| Account Features | Relationship Checking | eChecking | Free Checking |
|---|---|---|---|
| Minimum Opening Deposit | $50 | $50 | $50 |
| Debit Card | Yes | Yes | Yes |
| Monthly Fee | $10. No monthly fee with a $1,500 daily balance in this checking account, or if the owners total deposit and loan relationship equals $15,000 or more every day of the month/statement cycle. | $10. No monthly fee with minimum of 6 debit card purchases, maximum of 6 paper checks and eStatement enrollment. ATM & automatic deposits/withdrawals not counted. | $0 |
| 1st-year Free Overdraft Line of Credit* | |||
| Identity Theft Insurance | Available | Available | Available |
| Check Images | Available | Available Online | $2 per month when returned with statement; available free online |
| Earns Interest | View rates | ||
| Free Merchants Signature Style Checks | |||
| Safe Deposit Box Discount | 20% discount annually | ||
| 50% Discount on Visa® Gift Card Purchase Charge | |||
| No Fee on Cashiers Checks | |||
| 3 Foreign ATM Fees Waived per Month | |||
| Online & Mobile Banking | |||
| Learn MoreApply Now | Learn MoreApply Now | Learn MoreApply Now |
*Subject to credit approval. $30 Annual Fee. 15.59% Annual Percentage Rate.
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