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.