*See product details below.
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Open an account Call 800.238.8681 or stop by a local branch.
Minimum Opening Deposit
$50
Minimum Daily Balance Requirement
$5,000 daily combined relationship balances in either Checking, Savings, or Money Market accounts or
$25,000 in CDs or
$25,000 in Consumer Loans outstanding balance
Monthly Maintenance Fee
$25 (Waived if Relationship Balance Requirements are met.)
Overdraft Protection: AccountLink
Balance transfers from a linked checking, savings, or money market – No charge
Overdraft Protection: ODP – Line of Credit
ODP – Line of Credit Balance transfers from Line of Credit* - $27 annually plus interest on outstanding balance
*Subject to credit approval
Number of Mercantile Bank fees waived for using any competitor's ATM per month:
Unlimited
Number of competitors’ domestic fees automatically refunded when using non-Mercantile Bank ATMs per month:
Unlimited (domestic) with $5,000 minimum daily balance in Checking Up to $2.50 per refund
Interest
Interest compounded daily on checking balance.
Free Debit/ATM Card Free Online Banking Free Checks - two standard boxes per year Free Online Bill Pay Free 3x5 Safe Deposit Box Free Relationship Rewards Free Mobile Banking 1
Money Market CDs / IRAs Overdraft Protection Home Equity Line of Credit Mortgage Consumer Loans