Consolidated Financial Management Account

Consolidated Financial Management Account® (CFMA) Details

Account Description

Ideal for individuals looking for a tiered interest checking account with complimentary and discounted services.  

Features & Benefits

  • Minimum opening deposit $50
  • Monthly maintenance fee of $20 is waived if you maintain a $10,000 monthly average balance in checking or $35,000 combination with Premier Savings and $10,000 in CFMA
  • $40 annual fee
  • Earn interest on all balances -tiered rates
  • Eight Free non-FirstMerit ATM transactions per month1 
  • Free two boxes of checks annually2
  • Free online banking & bill pay
  • Free mobile banking & alerts3
  • Free paperless statements
  • No fees on official checks
  • Free standard size safe deposit box
  • Eligible to open our higher interest rate Premier Savings Account 
  • Enroll in MeritRewards Shop, Earn & Protect4

Additional Features

  • Enjoy the convenience of direct deposit
  • Overdraft protection is available linked through your FirstMerit savings account or a Premium Platinum MasterCard® credit card (subject to credit approval)

Let's Start The Conversation


  1. Other bank's fees may apply.
  2. Guardian Safety or Sheffield wallet style checks only, which must be ordered through our check printing partner, Harland Clarke.
  3. FirstMerit does not charge for alerts. However, your internet or mobile service provider may charge for sending and receiving alerts. Check with your service provider for details on specific fees and charges that may apply.
  4. MeritRewards Shop, Earn & Protect: The Identity Theft Protection services described above are provided through an arrangement with Harland Clarke Corp. Entities that may be involved in the provision of these services include Harland Clarke Corp., NXG Strategies, Merchants Information Solutions, Inc., and one or more companies in the CoreLogic group of companies. In obtaining the described services, you may be asked to visit a third party website and/or agree to terms and conditions with one or more of these companies.
* Activation bonus is paid based on activating certain services and meeting transaction requirements - $25 paid for activating one service, $75 for activating two services or $150 for activating all three services. Activation bonus will be paid within 30 days of the MeritRewards enrollment anniversary date. Refer to MeritRewards Program Description for full details of the program.