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Relationship Checking eChecking FREE Checking & Student Checking
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Minimum Opening Deposit $50 $50 $50
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Monthly Fee $10. No monthly fee with $1,500 balance in checking or a $15,000 combination of deposit and/or personal loan or mortgage balances
$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.
1st Year Free Overdraft Line of Credit* Checkmark in table Checkmark in table
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Identity Theft Insurance Available Available Available
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Available Available Online $2 per month when returned with statement; available free online
Earn Interest VIEW RATES

Free Merchants' Signature Style Checks Checkmark in table

Safe Deposit Box Discount
20% discount annually

50% Discount on Visa® Gift Card Purchase Charge
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No Fee on Money Orders and Cashier's Checks Checkmark in table

3 Foreign ATM Fees Waived per Month
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Free Online & Mobile Banking Checkmark in table
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Checking Account Resources:

Military Banking

Are you currently serving in the military or a veteran? Learn about our Military Banking account.

Merchants Bank Debit Card

With your debit card, you can:
  • Have peace of mind with fraud monitoring service.
  • Request cash back with your PIN when paying at a retailer.
  • Make contactless payments, which are faster and more secure. Just tap to scan your card at participating retailers.
  • Get extra benefits through MasterCard, including ID Theft Protection, 24-hour assistance and more.

MasterCard's Click to Pay

Safely pay online without entering your card details every time you shop at a specific retailer when you enroll in Mastercard's Click to Pay.
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Debit Card Control: CardValet

Protect yourself from fraudulent transactions and track your personal and business debit card activity with the free CardValet app.
  • Turn your debit card(s) “on” and “off.”
  • Set alerts and deny transactions based on dollar amounts, locations, store types and more.
  • Track transactions and set spending limits for other family members on your account with debit cards.
  • Receive automatic notifications about possible fraud.

Download the CardValet App by searching for "CardValet" and selecting the app with the orange and white icon by Fiserv, Inc.

CardValet App Icon

For Android: Google Play Store. Supported on Android 5.0 and higher only.

For Apple: App Store or iTunes. Supported on iOS 9.0 and higher only.

Digital Wallet

Add your Merchants Bank debit to your device's digital wallet for secure, convenient payments. A digital wallet is an app that gives you the ability to pay for in store and online purchases directly from your phone or tablet without needing your physical card. Your digital wallet app will depend on the type of device you have (Apple, Google or Samsung). Using the digital wallet app creates a unique, encrypted transaction each time you pay with a specific debit or credit card.

Follow these steps to load your Merchants Bank card(s) into your digital wallet app on your smartphone or tablet:

Identity Theft Protection 

Debit Card Preferred Cardholder Identity Theft Benefits

Our cardholders have access to many Mastercard preferred benefits, featuring ID Theft Protection
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Deluxe Provent® Identity Theft Protection

We also offer Deluxe Provent® Identity Theft Protection as an optional benefit available to any checking account customer. Provent® starts with a powerful, cost-effective solution — ID Protect. For a low monthly fee, ID Protect includes:

  • ID Restoration: A certified Resolution Specialist is assigned to manage your fraud or identity theft case. Whether you lose your wallet or your identity, call for assistance. Plus, 24/7 secure access to your personal and credit information.
  • Internet Monitoring: Ongoing monitoring to identify risks associated with up to 14 different consumer identity elements, such as credit card information.

Deluxe Provent® also offers additional services that address the entire spectrum of identity theft, allowing you to choose the identity theft protection services right for you.

Enroll Online

Safe Deposit Boxes

Securely store your items in a Safe Deposit Box. Many of our locations offer Safe Deposit Boxes in a variety of sizes and prices. Contact your local branch to learn what may be available.

Learn More about Merchants Bank Checking Accounts

Once your checking account is open, you may decide you'd like to add someone - by making them a joint-owner - or remove someone from your account.

  • To add an owner: You can add an owner to an existing account anytime by visiting your local branch.
  • To remove an owner: To remove someone from your Checking account, you'll need to close your current account and open a new one with your new ownership preferences.  In special circumstances, such as a child turning 18 or trust accounts, opening a new account may not be necessary. 

A Customer Service Representative at your local branch can assist with any account ownership questions you may have.

Yes, our Free Checking offers free:

If you'd like to order checks or use any additional services, please ask your local Customer Service Representative about fees associated with those services.

To make a deposit in your Checking account, you can:
  • Visit your local Merchants Bank branch during business hours
  • Use Mobile Deposit through our free Mobile Banking app
  • Automatic deposits, such as Payroll direct deposit
  • Use the night drop option to drop off a deposit at your local Merchants Bank branch after business hours

To transfer funds to an:

  • Internal account (or another Merchants Bank account), simply use the Transfer feature in Online Banking or Mobile Banking.
  • External account (or non-Merchants Bank account), you'll first need to fill out our external funds transfer authorization form. To find the form, choose "Transfer," then "Recipients" and "Add a Recipient" once you've signed in to Online Banking. Once your external account has been authorized, use the Transfer feature in Online Banking or Mobile Banking.
Keeping your personal information safe is a top priority. Learn how we protect you and what you can do to protect yourself from fraud. Interested in learning more about how FDIC insurance protects your deposits up to $250,000? Read more from the FDIC.
When you select the "apply now" button above, you can begin the account opening process online.

Once you submit your application, a Merchants Bank Customer Service Representative will prepare your account documents and follow up with you to schedule a time to meet at your local branch. At that appointment, you'll be asked to sign your account agreement, your debit card will be ordered and any other services needed can also be completed.

*Subject to credit approval. $30 Annual Fee. 15.59% Annual Percentage Rate.  

† Merchants Mobile Banking is free, however, text or data charges may be imposed by your mobile provider. Check your plan for details. Your carrier may limit access outside the U.S.