First Merchants Bank
MIPROSPER Checking
Availability: MI
$600
No monthly fee
Bonus breakdown
This offer has separate tiers — you qualify for one, not all of them.
TIER 1$400· Must be electronic credit from employer or outside agency
TIER 2$600· Must maintain minimum daily balance of $25,000 from day 8 through day 90
How to earn it
- 1.Deposit $25,000 in 7 days; hold for 90 days
Bonus timing: 150–180 days after completion
Fine print that matters
- Monthly fee
- Not recorded
- Expires
- Dec 31, 2026
- 5/24 impact
- None (not a credit card)
- Availability
- MI
- Credit inquiry
- soft
- ChexSystems
- Not listed
- Closing restriction
- Up to $600 bonus amount plus $50 early closing fee if closed within 6 months
Eligibility and churning rules
Must be a new FMB personal checking customer. Those who closed an FMB personal checking account within 12 months are not eligible.
First Merchants Bank MIPROSPER Checking currently advertises $600 based on the official source page.
How to earn it
- deposit $25,000 within 7 days and hold it for 90 days: Must maintain minimum daily balance of $25,000 from day 8 through day 90
Offer expiration: 2026-12-31
Direct deposit data points
Funding methods the community reported at First Merchants Bank. Guidance, not a guarantee.
No community reports yet. If you know whether a payroll provider, ACH transfer, or payment app worked here, share the first data point.