Frequently asked questions

You can make unlimited [SL1] transactions (dollar amount restrictions may apply) each month. The Do More Business™ Checking account is designed so you’re not charged per transaction fees.

Opening a First Internet Bank online business checking account is straightforward. You’ll generally need your business’s legal name and address, Tax ID (EIN), and identification for all owners and authorized signers.

Documentation requirements may vary based on your business structure, including LLCs, corporations, and sole proprietorships.

Yes. With our Do More Business™ Checking, you can earn interest on your balance with a competitive Annual Percentage Yield (APY) on qualifying balances.

For even more earning potential, our Balance Optimizer feature automatically moves excess funds into a First Internet Bank Business Savings or Money Market account to earn higher yields, while keeping your money available when you need it.

Many traditional business checking accounts do not earn interest, but good news, First Internet Bank’s Do More Business™ Checking does. Eligible balances can earn interest, helping your everyday business funds work harder while remaining fully accessible. For additional earning potential, our Balance Optimizer takes it a step further. This built‑in cash management tool lets you set a target balance in your checking account. Any excess funds are automatically moved into a First Internet Bank Business Money Market Savings or Business Savings account to earn higher yields — and automatically transferred back when your checking balance falls below your target.

Yes — First Internet Bank lets you open a business checking account 100% online, with no branch visit, no appointment, and no banker hours required. The application is fast, straightforward, and available 24/7.

As a digital-first bank built specifically for business owners, First Internet Bank has no physical branches by design. Once your Do More Business™ Checking account is open, you manage everything — transfers, payments, balances, and Zelle® — entirely online or through the mobile app, from anywhere. Real U.S.-based support is always a call or message away if you need it.

First Internet Bank’s Do More Business™ Checking account is designed to keep fees simple and predictable. There are no monthly maintenance fees, no overdraft fees, and no per‑transaction fees, with unlimited transactions included.

You also receive up to $10 per month in ATM fee reimbursements, so you can use ATMs nationwide without worrying about surcharges cutting into your business funds.

First Internet Bank protects your business with layers of advanced digital security, including multifactor authentication, real‑time transaction monitoring and support from a dedicated team of U.S.-based fraud specialists if anything looks unusual.

As a bank that has operated exclusively online since day one, digital security isn’t an add‑on, it’s foundational. Every sign in, transfer and transaction is protected using the same enterprise‑grade safeguards trusted by leading financial institutions, along with access to knowledgeable, real people when you need help. Learn more in our Privacy & Security Center.

Switching to First Internet Bank is designed to be simple. We offer a free Switch Kit that provides step‑by‑step guidance for moving direct deposits, automatic payments and recurring transfers, helping ensure a smooth transition.

The Switch Kit helps with everything from updating payees to timing the closure of your previous account, all at your pace. And because First Internet Bank is fully online, there’s no need to schedule branch visits or work around banking hours, you can switch when it’s convenient for you, with our Relationship Bankers available to assist along the way.

Both business savings accounts and business money market accounts are designed to help you earn interest while keeping your funds accessible. The key difference is how they’re typically used.

A Business Savings account is well suited for businesses that want a straightforward way to set aside funds, often with lower balance requirements. A Business Money Market account is generally a better fit for businesses that maintain higher balances and want to earn higher yields while still keeping access to their money.

At First Internet Bank, you can open a business savings account with as little as $100, and there’s no minimum balance required to open.

To avoid the monthly maintenance fee, you’ll need to maintain an average daily balance of:

• $1,000 in a Regular Business Savings account
• $4,000 in a Business Money Market account