First Internet Bank Interest Checking Account

Unaffiliated

in Checking Accounts from First Internet Bank

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Highlights
Cashback Rewards	N/A
APY (Annual Percentage Yield)	0.30% (Verified 07/07/2022)
Monthly Fee	$0 - $10
Minimum Balance to Avoid Monthly Fee	N/A

First Internet Bank Interest Checking Account Review

First Internet Bank Interest Checking Account is offered by First Internet Bank, founded in 1999 and based in Indianapolis, IN. First Internet Bank Interest Checking Account is available in 51 states across the USA.

Key Takeaways

Higher than average APY. First Internet Bank Interest Checking Account has an annual percentage yield of up to 0.30%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $500.
Charges a monthly fee. This account charges a monthly service fee of up to $10.
$100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

First Internet Bank Free checking Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account. No charge on incoming domestic or international wire transfers.	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 Not FDIC-insured. Higher than average wire transfer fees. Monthly service charge.

First Internet Bank Free checking FAQ

Are checking accounts from First Internet Bank federally insured?

No, your First Internet Bank checking accounts are not insured by a federal insurance agency. This means that if First Internet Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does First Internet Bank Free checking offer?

First Internet Bank Interest Checking Account Rates & Terms
Description
APY (Annual Percentage Yield)	0.30%

First Internet Bank Free checking offers an APY of 0.30% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $500.

What are the account minimums for First Internet Bank Free checking?

First Internet Bank Free checking requires a minimum initial deposit of $100 to open an account.

First Internet Bank Interest Checking Account Minimums
Description
Minimum Balance to Earn APY	$500
Minimum Opening Deposit	$100

What fees does First Internet Bank Free checking charge?

This account charges a monthly service fee of up to $10.

First Internet Bank Interest Checking Account Fees
Description
ATM Fee: In-Network	$0
Check Copy	$3
Debit Card Replacement Fee	$5
Early Account Closure	$0
Foreign Transaction Fee (Debit Card)	3%
Monthly Fee	$0 - $10
NSF Fee	$30
Online Bill Pay Fee	$0
Overdraft Item Fee	$30
Overdraft Protection Fee (per transfer)	$25
Paper Statement Fee	$3
Returned Deposit Fee (Domestic)	$20
Returned Deposit Fee (International)	$20
Stop Payment Fee	$30
Wire Transfer Fee - Domestic (Incoming)	$0
Wire Transfer Fee - Domestic (Outgoing)	$20
Wire Transfer Fee - International (Incoming)	$0
Wire Transfer Fee - International (Outgoing)	$50
ATM Fee: Out-of-Network	Starting at $0

Does First Internet Bank Free checking charge overdraft fees?

Yes, First Internet Bank Free checking charges a $30 fee for every overdraft.

First Internet Bank Free checking offers overdraft protection at a cost of $25 per transaction.

What features and perks does First Internet Bank Free checking offer?

This account includes the following features:

What is the customer support email for First Internet Bank Free checking?

The customer support email for First Internet Bank Free checking is bank@firstib.com.

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