
First Internet Bank Business Checking Account
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Monthly Fee | $0 |
ATM Fee: Out-of-Network | N/A |
Minimum Balance to Avoid Monthly Fee | N/A |
APY (Annual Percentage Yield) | 0.3% |
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 are 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.
- $0 monthly fee. 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
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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?
Description | |
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APY (Annual Percentage Yield) | 0.3% |
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.
Description | Amount |
---|---|
Minimum Initial Deposit | $0 |
APY Minimum Balance | $10,000 |
What fees does First Internet Bank Business Checking Account charge?
The good news is that this account does not have a monthly service charge.
Description | |
---|---|
ATM Fee: In-Network | 0 |
ATM Reimbursement Monthly Limit | 10 |
Check Copy | 5 |
Debit Card Replacement Fee | $5 |
Monthly Fee | $0 |
NSF Fee | 30 |
Online Bill Pay Fee | $0 |
Paper Statement Fee | 3 |
Returned Deposit Fee (Domestic) | $20 |
Returned Deposit Fee (International) | $20 |
Stop Payment Fee | $30 |
Wire Transfer Fee - Domestic (Incoming) | $15 |
Wire Transfer Fee - Domestic (Outgoing) | 20 |
Wire Transfer Fee - International (Incoming) | $15 |
Wire Transfer Fee - International (Outgoing) | 50 |
What features and perks does First Internet Bank Business Checking Account offer?
This account includes the following features:
Message From First Internet Bank Business Checking Account
Contact
- Headquarters
-
8888 Keystone Crossing,
Suite 1700
Indianapolis, IN 46280 USA - (888) 873-3424
- Visit Site
- Email Support
Other Services by First Internet Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Minimum Balance to Earn APY | 10,000 |
Minimum Opening Deposit | Starting at $0 |
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