Personal Checking Accounts

Yes. Online checking accounts at FDIC‑member banks are insured the same way as accounts at traditional banks with physical branches. At First Internet Bank, all personal checking accounts are FDIC insured up to $250,000 per depositor, per ownership category. First Internet Bank is a state‑chartered, FDIC‑insured institution and has been operating as a digital‑first bank since 1999. Learn more about First Internet Bank.

Yes. First Internet Bank’s Free Checking account has no minimum balance requirement. There’s no balance you need to maintain to keep the account open, avoid fees, or use its features. The only requirement is a $25 opening deposit to fund the account when you apply. Once your account is open, it stays free with no monthly maintenance fee, regardless of your balance. You’ll have access to everyday digital banking features like Zelle®, mobile check deposit, and online bill pay, along with FDIC insurance up to applicable limits.

If you prefer a checking account that earns interest, Interest Checking is also available. That account’s $10 monthly maintenance fee can be waived by maintaining a $500 average daily balance.

To open a First Internet Bank checking account online, you’ll typically need a valid government‑issued photo ID (such as a driver’s license or passport), your Social Security number or ITIN, a current mailing address, and an opening deposit. At First Internet Bank, the minimum opening deposit is $25 for Free Checking and $100 for Interest Checking.

You can apply online in just minutes, with no branch visit, paperwork to mail, or extra steps after you apply. If you have questions, our U.S. based Relationship Bankers are happy to assist at bank@firstib.com or 1-888-873-3424.

 First Internet Bank’s Free Checking account is exactly that. There’s no monthly fee, no balance required to avoid fees, and you can open the account with an initial deposit of just $25.

You’ll have access to the everyday features you expect from modern digital banking, including Zelle® for sending and receiving money, mobile check deposit, online bill pay, a debit card, and 24/7 account access through online and mobile banking. As an FDIC‑insured bank, your deposits are protected up to applicable limits , giving you confidence and simplicity, without unnecessary conditions.

First Internet Bank offers two personal checking accounts designed for different banking needs. Free Checking is a straightforward option with no monthly maintenance fee and no minimum balance requirement. It can be opened with an initial deposit of $25, making it a good fit if you want every day checking without balance requirements or ongoing fees.

Interest Checking is designed for customers who want to earn interest on their checking balance. It opens with a $100 deposit and has a $10 monthly maintenance fee, which can be waived by maintaining a $500 average daily balance. This account also includes up to $10 per month in ATM surcharge rebates.

Both accounts include access to Zelle®, mobile check deposit, online bill pay, and 24/7 online and mobile banking, with deposits protected by FDIC insurance up to applicable limits. If you prefer zero fees and no balance requirements, Free Checking may be the better choice. If you typically keep at least $500 in your account and want your balance to earn interest, Interest Checking may be a better fit.