If you have a bank account with First Merchants Bank and an internet connected computer you should see about signing up for First Merchants online banking service. Sure you can do you banking through their bank branches or ATMs but there will always be a time where you won’t be able to go to the bank and do banking business. If that happens you’re out of options.
Online banking is the easiest, fastest and most convenient way to have control and manage your financial accounts at First Merchants. You can do banking business anywhere at any time without having to worry about banking hours. With online banking there is no banking hours because you set the banking hours every time you use the online banking service.
You can do a lot with the online banking service. First you can keep tabs on all your registered accounts. You can see if you still have enough balance to pay off what you need. If not you can always do an internal fund transfer – that is to say you transfer money say from your savings account to your checking account in order to cover the checks you have paid out.
You can even transfer funds to and from your First Merchants bank account to and from your other accounts in other financial institutions. If you make the transfer by the cut off time – 6:45 pm EST for internal transfers and 3:00 pm for external transfers – they will be processed the same business day else they will be processed the next business day. You can do up to $10,000 per transfer not to exceed a total of $25,000 for the whole day.
Other than transferring funds you can also pay your billers such as your utilities providers, the phone company, your cable or satellite dish company and insurance provider through your online account. You simply add them to the bill pay service using the information you get from their paper billing statement.
Speaking of billing statement you can also opt to receive an electronic version of your paper billing statement. It has the same information as the paper billing statement but it gets to you faster, protects you from mail fraud and is a whole lot environmentally friendly.
You can pay these billers anytime you want by simply putting in the amount you want to pay and scheduling the date when you want the payment sent. For a fee you can also opt to use the Overnight Check Delivery service for those billers or individuals who don’t accept electronic payments. If you opt for the service before 2:00 pm the check will be processed for delivery the next business day. This is quite helpful if you just happen to forget paying a biller or a person until the very, very last minute.
You can also receive electronic banking statements in lieu of paper banking statements. You get one if you have a checking or savings account. It’s like the e-bill you get from billers; this one is from First Merchants Bank. You will get an email notification if one is available to view and you can simply log in and view it, download it or print it out.
