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Last Updated: 04/18/2025

First Internet Bank Business Checking Account

in Business Checking Accounts from First Internet Bank

Last Updated: 04/18/2025

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Highlights

Monthly Service 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)

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

Pros

Cons

Available in 50 states and Washington, DC.
Interest-yielding account.

No signup bonus.
Does not offer mobile check deposits.
Does not provide access to a nationwide ATM network.
Does not come with a debit card

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). 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 Rates & Terms

Description

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.

First Internet Bank Business Checking Account Account Minimums

Description

Amount

Minimum Initial Deposit

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.

First Internet Bank Business Checking Account Fees

Description

Monthly Service Fee

Paper Statement Fee

Starting at $3

ATM Fee: In-Network

Starting at $0

NSF Fee

$30

Returned Deposit Fee (Domestic)

Starting at $20

Card Replacement Fee (Standard Delivery)

Starting at $5

Online Bill Pay Fee

Starting at $0

Stop Payment Fee

Starting at $30

Check Copy

Wire Transfer Fee - US Domestic (Outgoing)

Starting at $20

Wire Transfer Fee - International (Outgoing)

Starting at $50

Wire Transfer Fee - International (Incoming)

Starting at $15

Returned Deposit Fee (International)

Starting at $20

Wire Transfer Fee - US Domestic (Incoming)

Starting at $15

ATM Reimbursement Monthly Limit

Starting at $10

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

This account includes the following features:

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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.

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

Email Support

First Internet Bank Business Checking Account

Compare All Business Checking Accounts

Highlights

First Internet Bank Business Checking Account Review

Key Takeaways

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?

What APY does First Internet Bank Business Checking Account offer?

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

What fees does First Internet Bank Business Checking Account charge?

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

Message from First Internet Bank Business Checking Account

Contact

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