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.