Rewards Checking

Can you say Cha-Ching? Merchants Bank’s Rewards Checking lets you earn cash back* for each POS debit card transaction you make, and you’ll enjoy FREE online, mobile and text banking.

Benefits of Merchants Bank’s Rewards Checking include:

  • Earn cash back* for debit card purchases
  • Only $100 minimum daily balance to avoid monthly service charge; No monthly service charge for people aged 21 and younger, or 62 and over
  • Free Mobile Banking, Text Banking and Online Banking
  • Automatic rebate for non-Merchants Bank ATM fees
  • Free, unlimited Bill Payment
  • Unlimited check writing
  • Free eStatements
  • Free initial MasterCard® Debit Card
  • Free access to helpful money management tools like FinanceWorks
  • Earn cash back through Purchase Rewards program in Online Banking
  • Mobile Capture is also available**

Compare Rewards Checking to Merchants Bank’s Freedom Checking and Growth Checking to see which account best supports your lifestyle.

Rewards Checking Ten Ways

Want to open an account?

Contact any of our convenient 32 branches statewide, or our Customer Call Center at 800-322-5222.

*Account Details

The account has a minimum daily balance requirement of $100.00

There is an $8.00 monthly service charge if your minimum daily balance falls below $100.00.  This monthly fee can also be waived or offset if the account holder:

  • is 21 - years old or younger
  • is 62 - years old or older
  • uses their Rewards Checking Debit Card enough to earn more than $8.00 per month in cash back

Statements and check images are free in Online Banking. A $1.00 charge is assessed for each paper statement. You can opt to receive only e-statements once you sign in to Online Banking.

A rebate of $0.10 for each POS debit card transaction will be credited to the Rewards Checking account at the time of the statement cycle. If the account is closed before the rebate is credited, you will not receive the rebate amount. ATM cash withdrawals are not eligible for this rebate. IRS 1099 reporting is required for annual rebates of $600.00 or greater.

**Mobile Capture – There is a $0.50 charge for each deposited item, certain deposit and check limits apply and there is a daily cut off for deposits to be credited on a business day.