Personal Checking Accounts Truth in Savings Disclosure

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1 Personal Checking Accounts All First Merchants Checking accounts listed below come with the following account features: FREE Enhanced MasterCard Debit Card 1 FREE Gold Standard Rewards including First-time Login Bonus 1 FREE Overdraft Protection Transfers from any linked account 2 and Bill Pay, must be 18 years or older for Bill Pay 0.25% Loan Discount, with automatic payment from First Merchants Checking account 3 First Merchants Elite Checking Monthly Maintenance Fee $20 if the requirement is not met No Monthly Maintenance Fee if you complete the following requirement Additional First Merchants Elite Checking Features $15,000 in minimum combined personal deposit balances $0 per month for No fee Money Market Savings 5 with interest rate bonus of 0.10% APY CD and IRA CD interest rate bonus of 0.05% APY FREE Specialty Checks No Annual Fee on a new Home Equity Line of Credit 6 25% discount on Safe Deposit Box Rental, when available First Merchants Advantage Checking Monthly Maintenance Fee $15 if none of the requirements are met No Monthly Maintenance Fee if you complete one Additional First Merchants Advantage Checking Features $500 monthly direct deposit 7 15 monthly debit card transactions 8 $1,500 in minimum combined personal deposit balances For Seniors 62 years of age and over No fee Money Market Savings 5 50% Discount on Personal Checks, Seniors receive Free Specialty Checks $0 per month fee for Seniors FMB Personal Checking TISA pg. 1 of 2 - Revised 06/2017

2 First Merchants Carefree Checking Monthly Maintenance Fee $5 if none of the requirements are met No Monthly Maintenance Fee if you complete one First Direct Checking Minimum Opening Deposit $0 One customer initiated transaction per month 9 $100 in minimum combined personal deposit balances For Students under 25 years of age 10 $0 per month fee for Students Monthly Maintenance Fee $10 if the requirement is not met No Monthly Maintenance Fee if you complete the following requirement Eligibility Requirements $200 monthly direct deposit 7 For those whose employer has a First Direct agreement with First Merchants Bank or for those customers who are a member of the U.S. Military, Police Officer, Firefighter, or Paramedic. Additional First Direct Checking Features Two NSF/OD fee items waived per year 11 Five Free Foreign ATM Transactions 12 CD and IRA CD interest rate bonus of 0.05% APY FREE first order of Specialty Checks No Annual Fee on a new Home Equity Line of Credit % Loan Discount, with automatic payment from First Merchants checking account 3 $250 discount on Residential Mortgage closing costs 25% discount on Safe Deposit Box rental, when available These accounts consist of a checking sub account and a savings sub account. The bank may periodically transfer funds between these two accounts. On a sixth transfer during a calendar month, and funds in the savings sub account will be transferred back to the checking sub account. If your account is a plan on which interest is paid, your calculation will remain the same. Otherwise, the savings sub account will be non-interest bearing. The savings sub account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement. 1 Certain restrictions may apply. 2 We ll automatically transfer funds to cover your negative balance, in $50 increments on linked deposit accounts. Automatic transfers do count toward transaction limits on savings accounts. Service charges may apply. 3 Subject to credit approval. Excludes first mortgage real estate loans and lines of credit. Offer valid for consumer purpose installment loans only. 4 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). 5 Combined minimum deposit balance of at least $1.00 between First Merchants Elite or First Merchants Advantage checking and Money Market savings to waive the Money Market savings minimum balance requirement. 6 Subject to credit approval. 7 Multiple deposits of less than required amount will not qualify to waive the monthly maintenance fee. 8 Debit Card transaction includes point of sale transaction, signature based transaction, or ATM withdrawal. 9 Excludes bank service fees and charges. Transaction must post during monthly statement cycle. 10 At age 25, must meet account requirements to avoid monthly maintenance fee. 11 Two NSF/OD fee items will be waived per rolling 12 month calendar. An NSF/OD item is defined as 1 or more items presented to an account with non-sufficient funds on a business day. 12 Foreign ATM transactions are; inquiries, transfers, and withdrawals at non First Merchants ATM and do not include surcharges that may be assessed by the ATM s owner. First Direct accounts opened in the Ohio county of Franklin, will receive 5 free foreign ATM transactions and 5 rebates of the ATM operator s fee up to $20 per statement cycle and $4 per transaction. Note: In this disclosure, Annual Percentage Yield is abbreviated as APY. FMB Personal Checking TISA pg. 2 of 2 - Revised 06/2017

3 Personal Savings Regular Savings FREE ATM Card Earns interest, variable rates based on tiered balance 1 Monthly Service Fee $5 if none of the requirements are met No Monthly Service Fee if you complete one Transaction Limits 2 6 Quarterly Statement Options Money Market Savings $300 minimum balance enroll in s For those under 19 years of age FREE Money Market Savings checks FREE MasterCard Debit Card 3 Earns interest, variable rates based on tiered balance 1 Interest rate bonus available with First Merchants Elite checking account and Bill pay, must be 18 years or older for Bill Pay Free withdrawals per month, $10 per additional withdrawal (including withdrawals made by ACH, Telephone, Internet, Online Banking, or Wire) Minimum Opening Deposit $1,000 Monthly Service Fee $8 if none of the requirements are met No Monthly Service Fee if you complete one Transaction Limits 2 6 Monthly Statement Options $10,000 minimum balance Maintain a First Merchants Elite or First Merchants Advantage Checking account 4 Free withdrawals per month, $10 per additional withdrawal (including withdrawals made by ACH, Telephone, Internet, Online Banking, or Wire) FMB Personal Savings TISA pg. 1 of 2 - Revised 07/2017

4 Smart Saver CD Automatic Deposits Interest rate bonus available with First Merchants Elite and First Direct checking accounts Minimum Opening Deposit $25 Account Requirements 5 $25 deposit monthly through pre-authorized transfer $25 minimum balance must also be maintained Interest Information Rate is fixed throughout the one-year term At maturity, funds may be withdrawn or renewed for an additional year at the rate in effect at that time. Interest is accrued daily and credited quarterly Early withdrawal penalty may apply Traditional CD A variety of terms Attractive interest rates Interest rate bonus available with First Merchants Elite and First Direct checking accounts Minimum Opening Deposit $1,000 for terms 12 months or more $2,500 for terms less than 12 months Interest Information Rate is fixed throughout the term Interest is accrued daily and credited quarterly Early withdrawal penalty may apply 1 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). 2 You may make no more than six (6) preauthorized withdrawals per calendar month or statement cycle (or similar period) of at least four weeks from your account. If you continue to exceed any withdrawal/transfer limits on your account after we have notified you of such withdrawal/transfer violations, we will close your account and transfer funds to another deposit account type selected by the Bank for which you are eligible or eliminate your account transfer and check privileges. 3 Accounts opened in the Indiana counties of Porter, LaPorte, and Lake; and the Illinois counties of Will, Kendall, Kane, DuPage and Cook receive five (5) foreign ATM transactions per statement cycle at no cost. Foreign ATM transactions are inquiries, transfers, and withdrawals at a non First Merchants ATM and do not include surcharges that may be assessed by the owner of the ATM. Accounts opened in the Ohio county of Franklin receive 5 free foreign ATM transactions and 5 rebates of the ATM operator s fee up to $20 per statement cycle and $4 per transaction. 4 Combined minimum balance of at least $1.00 between First Merchants Elite or First Merchants Advantage Checking and Money Market savings to waive the Money Market Savings minimum balance requirement. 5 Failure to meet these requirements may result in account closure. Other service fees may apply. Note: In this disclosure, Annual Percentage Yield is abbreviated as APY. FMB Personal Savings TISA pg. 2 of 2 - Revised 07/2017

5 Health Savings Health Savings 2 FREE MasterCard Debit Card and Bill Pay, must be 18 years or older for Bill Pay Reduce Taxable Income 1 Earns interest, variable rates based on tiered balance 2 Minimum Opening Deposit $0 Monthly Service Fee $5 If the requirement is not met No Monthly Service Fee if you complete the enroll in s following requirement Monthly Statement Options 1 Not to be construed as tax advice. Please consult your attorney or tax advisor. Other restrictions may apply. 2 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Note: Annual Percentage Yield is abbreviated as APY. FMB HSA TISA pg. 1 of 1 - Revised 06/2017