First Merchants Bank Prosper Plus Checking

First Merchants Bank pays a $600 bonus when you open a new Prosper Plus Checking account, deposit at least $25,000 within 7 days, and maintain that $25,000 daily balance through day 90. The bonus posts to your account in the sixth month after opening.

Eligibility

How to get the First Merchants Bank Prosper Plus Checking bonus

1. Open a new Prosper Plus Checking account between 3/1/26 and 12/31/26.
2. Ask a banker to enroll you or enter the promo code for the MIProsper Checking offer.
3. Deposit at least $25,000 within the first 7 calendar days of account opening.
4. Maintain a minimum daily balance of $25,000 from day 8 through day 90.
5. Keep the account open at least 6 months to receive and keep the bonus.

The fine print that matters

• Must be a new First Merchants personal checking customer; those who closed an FMB checking account in the past 12 months are not eligible.
• Primary account holder must be at least 18 and have a Michigan primary residence.
• Limited to one offer per client; not valid for public funds, estate accounts, government entities, or other financial institutions.
• Bonus is credited in the sixth month following account opening and reported as 'New Checking Offer Reward' on the statement.
• FMB may report the reward to the IRS and any taxes are the recipient's responsibility.
• If the account is closed within 6 months, you may be charged up to the full offer amount plus a $50 early closing fee.
• If a customer qualifies for two offers, First Merchants will choose which incentive is paid.
• Offer may change or be discontinued at any time.

Verification and reports

Confirmed against firstmerchants.com on Jul 20, 2026. Based on 0 field reports. Status Limited reports is computed from those reports, never hand-set.

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Sources: firstmerchants.com offer page (checked Jul 20, 2026)