First Internet Bank Launches FinanceWorks™ - First Internet Bank

First Internet Bank Launches FinanceWorks™

Released on August 25, 2008

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Integrated tool simplifies money management for customers

First Internet Bank of Indiana (First IB) has launched FinanceWorks™, the next generation of online financial management tools that combine the best of First IB’s online banking services with the best of Quicken to transform its customers’ financial management experience!

FinanceWorks provides the following features:

Central Account Management allows customers to manage all of their accounts in one place, even if some of those accounts are not held with First IB. FinanceWorks has connectivity to 5000+ financial institutions including banks, brokerage firms and credit card companies.

Spending Graphs illustrate for the customer where he or she is spending money, enabling customers to identify ways to control spending and save more money

RealBalance™ calculates the available funds for an account based upon posted and projected transactions

Bill Management centralizes recurring payments across all accounts, regardless of payment method. FinanceWorks automatically creates a comprehensive bill list to keep customers on top of what is due.

FinanceWorks helps customers grasp their entire financial picture by aggregating account balances and transaction history, analyzing spending, projecting bills based on historical patterns. FinanceWorks presents all account information in an easy-to-read format, including colorful graphs and charts.

For the accountholder struggling to make ends meet, FinanceWorks calculates a RealBalance that considers not just the transactions that have already posted, but the transactions that will soon post as well. For the accountholder with investments and deposit accounts and credit cards held at several different institutions, FinanceWorks pulls all the data into one location, without any manual input, and identifies spending patterns.

“Our goal at First IB has always been to put powerful and convenient tools at our customers’ fingertips,” said David B. Becker, President and CEO of First IB. “When we launched in 1999, we were among the first financial institutions to allow consumers to use ACH to move money between accounts. FinanceWorks is the latest in a series of innovations designed to give our customers control over their financial lives, and we are very proud to be able to provide this service.”

In order to get started, customers need an account with First IB and access to the Bank’s online banking system.

About First IB
With $537 million in assets, First Internet Bank of Indiana (First IB) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs, and IRAs. First IB also offers mortgages, credit cards, personal lines of credit, and installment loans. First IB is a wholly owned subsidiary of First Internet Bancorp (OTCBB: FIBP).


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