First Internet Bank is an online branchless bank with its corporate headquarters located in Indiana. It offers business savings and checking accounts, lending, treasury management, and industry solutions. In this article, we cover First Internet Bank business checking reviews and fees. Ready to get started? Apply now.
First Internet Bank Business Checking Fees & Rates
The First Internet Bank business checking fees differ for its three account types: Amplify Checking (no monthly payment and minimum balance requirement), Commercial Premium Checking (monthly charge of $15 if the $25,000 minimum balance isn’t maintained), and Commercial Analysis Checking (monthly fee can be waived by earnings credit). Other fees and rates are in the table below.
|Amplify Checking||Commercial Premium Checking||Commercial Analysis Checking|
|Monthly Fee||No monthly fee||$15 per month if the balance requirement is not met||Can be waived by earnings credit|
|Minimum Balance Requirement||No minimum balance requirement||$25,000||Earnings credit rates help pay for services used|
|Minimum Balance to Open||$100||$1,000||$1,000|
|Transaction Fee||Unlimited free transactions||300 free transactions per month; 25 cents each thereafter||Unlimited free transactions|
|Interest Rate||0.70% with an average daily balance of $10,000 and above||Does not pay interest||Does not pay interest|
|Wire Transfer Fees|
Outgoing (domestic): $20
Outgoing (international): $50
|Cash Deposit Fee|
Summary of First Internet Bank Reviews From Around the Web
We compiled online First Internet Bank reviews and found that it has an A+ Better Business Bureau rating and generally positive reviews online. Customers who left reviews said that First Internet Bank offers good rates, great customer service, and excellent online features and a user interface.
First Internet Bank Network
First Internet Bank is an online branchless bank with its corporate headquarters located in Indiana. It does not charge a fee for withdrawal or deposit through an ATM when the transaction occurs in the United States or its territories. When the transaction occurs outside the U.S., an international transaction fee applies. It offers an ATM surcharge rebate program to its customers that reimburses up to $10 per month in ATM fees. You may visit its website for more information.
First Internet Bank Additional Business Banking Services
First Internet Bank also offers the following business services: savings and money market accounts, Small Business Administration (SBA) funding, commercial real estate financing, public finance, and other commercial lending. It currently does not offer wealth management. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Business Checking Account for Small Businesses
Have you read these First Internet Bank business checking reviews and are still not sure if it’s right for you? Read our business checking account buyer’s guide comparing the top options and learn what bank we named the best business checking account for small businesses.