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Last Updated: 04/18/2025

First Internet Bank Business Checking Account

from First Internet Bank

Last Updated: 04/18/2025
First Internet Bank logo
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Highlights

Monthly Maintenance Fee

$0(Verified 03/19/2025)

ATM Fee: Out-of-Network (within the U.S.)

N/A

Minimum Average Balance to Avoid Monthly Service Fee

N/A

APY (Annual Percentage Yield)

0.3%(Verified 06/21/2024)

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First Internet Bank Business Checking Account Review

First Internet Bank Business Checking Account is offered by First Internet Bank, a bank founded in 1999 and based in Indianapolis, IN. First Internet Bank Business Checking Account is available in 50 states and Washington, DC.

Key Takeaways

  • Higher than average APY. First Internet Bank Business Checking Account has an annual percentage yield of up to 0.3%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $10000.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

First Internet Bank Business Checking Account Pros & Cons

First Internet Bank Business Checking Account FAQ

Are business checking accounts from First Internet Bank federally insured?

Yes, your First Internet Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #34607). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does First Internet Bank Business Checking Account offer?

First Internet Bank Business Checking Account offers an APY of 0.3% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $10000.

What are the account minimums for First Internet Bank Business Checking Account?

First Internet Bank Business Checking Account does not require a minimum initial deposit.

What fees does First Internet Bank Business Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does First Internet Bank Business Checking Account offer?

This account includes the following features:

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    First Internet Bank logo

    Message from First Internet Bank Business Checking Account

    An online checking account that’s ready for the big time. As a small business owner, we know you have big dreams. But we bet you are not daydreaming about what your ideal business checking account could be. Don’t worry – we’ve done that for you. Go big with small business checking and get back to sweet dreams about where you are headed!

    Contact

    Headquarters

    8888 Keystone Crossing,
    Suite 1700
    Indianapolis, IN 46280
    Visit Site
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    SuperMoney Net Recommendation Score

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    The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

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