Loan Payment Options

At Mercantile, we offer you many convenient payment options. You may pay in person at any bank location, by mail, automatically, or online. Pick the option that's most convenient for you.

In Person
By Mail

In Person

Stop in or drive through! Payments made before 4:00pm CST Monday-Friday will post on that day’s business. Payments made after 4:00pm will post on the following business day. View a complete listing of all locations and hours to find the Mercantile location that most convenient for you.

By Mail

Mail payments are always welcome and are posted on the business day they are received. Please be sure to include your loan coupon or separate slip of paper with your name, address and account number to one of the following addresses:

Mercantile Bank
Loan Operations
PO Box 3455
Quincy, IL 62305


Never worry about your payment being late again with automatic payment service. You can quickly and easily authorize us to automatically deduct your monthly payment from a checking or savings account of your choice. Payments are set-up to be made monthly on your payment date until the loan matures, is paid in full, or until you notify us in writing of a change or cancellation. Just print and mail or fax us a completed Electronic Loan Payment Plan form to enroll today.

Online: Pay your Personal, Auto and Mortgage loans online and on time!

Online with Internet Banking

If you are enrolled in our Internet Banking Service, you can authorize a transfer at the frequency and amount of your choice. This is quick, easy and allows you to create and schedule the payment as needed.

Internet Banking Transfer Instructions
To have your monthly payment deducted from a Mercantile Bank deposit account, select the appropriate account from the Transfer From selection. Next, select your loan account in the Transfer To section. Then, set the date you would like your payment to made, then select the frequency of payment from the drop down menu at left, enter the payment amount and select submit…that’s it!

Payments from Mercantile checking or savings accounts can be made until 4:00pm CST Monday-Friday. Payments made after 4:00pm CST will post the following business day.

You can even enroll bank accounts at other financial institutions.
In this same Transfer section, select the External Accounts button in the top sub-navigation menu. Simply print, compete and mail the authorization form. Once processed, this account will be added to the appropriate Transfer From and/or Transfer To account selections, and then just follow the same steps above to create your own automatic payment plan.

Payments made from other bank accounts using the External Accounts trasfer option may take longer to process.

To sign up for eBanking or to add an account, please compete and mail or fax us an enrollment form.

One-time Online Payments

You can also authorize a one-time online loan payment from your checking or savings account at another financial institution. Access and complete our online payment form, select your loan type and payment method, and click submit: One-time Online Payment Form

Please Note:  Checking and savings account payments from other financial institutions will not post on today's business. Payments made before 1:30pm CST will post to your account on the next business day. Payments made after 1:30pm CST will post to your account in two business days.