First Internet Bank Checking Account Review

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

Are checking accounts from First Internet Bank federally insured?

Yes, your First Internet Bank 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 offer?

First Internet Bank Checking Account offers an APY of 0.55% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $500.

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

First Internet Bank Checking Account requires a minimum initial deposit of $25 to open an account.

What fees does First Internet Bank Checking Account charge?

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

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

This account includes the following features:

• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - First Internet Bank Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.