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  First Internet Bank Interest Checking Account
First Internet Bank Interest Checking Account
in Checking Accounts from First Internet Bank
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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.

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.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Earn APY $500
Minimum Opening Deposit $100
ATM Fee: In-Network $0
Early Account Closure $0
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network Starting at $0
Check Copy $3
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $10
NSF Fee $30
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 (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required Government Issued Photo ID
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.30%
(Verified 07/07/2022)

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