# First Merchants Bank Prosper Plus Checking: $600 bonus

Canonical: https://dealaka.com/offers/first-merchants-bank-prosper-plus-checking-sign-up-bonus

- Status: Limited reports
- Bonus: $600
- Requirement: Deposit $25,000 in 7 days, keep $25,000 daily balance 90
- Expires: Dec 31, 2026
- Availability: Nationwide
- Institution: First Merchants Bank
- Verified: Jul 20, 2026 against firstmerchants.com
- Field reports: 0

## Summary
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.

## Requirements
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.

## 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.

## Sources
- firstmerchants.com offer page <https://www.firstmerchants.com/switch-mi> (checked Jul 20, 2026)

_This entry is reference information, not financial advice. Confirm current terms on the institution's site before you apply._