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Open Your Account Today!

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Find a branch near you!

Merchants Bank opens accounts for people living or working in Vermont and in communities in neighboring states which are adjacent to our branch locations.

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CashRewards Checkingsm

CashRewards Checkingsm pays you back 1% of all the purchases you make with your debit card. The potential cash rewards are unlimited!

Features

  • Personal checking account
  • Earns interest
  • Visa debit card
    • Merchants Bank automatically waives its fee whenever you use
      another bank’s ATM
  • Free standard checks for the life of the account
  • Free online banking
    • Bill payment and presentment
    • eStatements
  • Free automated phone banking
  • Check safekeeping
  • Minimum average monthly, combined balance of $5,000 between the CashRewards and a Merchants Bank Money Market account to avoid $15.00 service charge (fees may reduce earnings)
  • Overdraft coverage—activate by linking to your Money Market account††

Benefits

  • 1% of all point-of-sale purchases are re-deposited into your account at the end of every statement cycle
    • Both PIN and signature transactions qualify!
  • No limit to the cash rewards you can receive
  • No hidden fees
  • No per check fees
  • All points access through statewide branch system and ATMs, local Customer Call Center
    (800-322-5222) and online

Cash Rewards Checking: How it works

†$75 minimum deposit to open.
‡Host bank fees may still apply for non-Merchants Bank ATM use. Fees apply for replacement debit cards.
††Money Market account is limited to six transfers per statement period of which 3 can be checks or ATM Card purchases. Transfers include electronic, telephone, and overdraft coverage transactions. Average balances under $25 per statement period are charged a $2 service charge. Minors under 18 and seniors over 65 are exempt from this service charge.

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