First Internet Bank of Indiana offers a wide range of financial products with no monthly maintenance fees. This is our First Internet Bank of Indiana review.

This bank has high app ratings and FDIC insured deposits, making it a top choice for online banking.

In this article you will learn all you need to know if you are considering opening an account with First Internet Bank of Indiana.

First Internet Bank of Indiana, also known as FIB, is an online bank that has been serving customers across all 50 states since February 1999. 

As the first FDIC-insured bank to operate entirely online, FIB offers a wide range of financial products. They include two checking accounts, a money market account, a savings account, and eight terms of CDs.

One of the bank’s most popular account options is the Free Savings account, which requires only $25 to open and earns interest without any monthly maintenance fees. 

Additionally, account holders can also get reimbursed for up to $10 for ATM fees each statement cycle. The bank’s website also allows you to chat with relationship bankers and customers can send and receive funds with Zelle and pay bills through the bank’s app.

While First Internet Bank of Indiana doesn’t have any physical branches, it does have customer service available on the phone from 7 a.m. to 9 p.m. Eastern time during the week and 9 a.m. to 3 p.m. on Saturday. 

The bank’s mobile app has received high ratings with 4.8 out of 5 stars on the Apple App Store and 4.4 out of 5 stars on Google Play.

Another benefit of banking with First Internet Bank of Indiana is that deposits are FDIC insured for up to $250,000 or up to $500,000 for joint accounts. 

In terms of comparison to other online banks, FIB may not offer the highest interest rates on savings accounts, but it does offer competitive rates on CDs. 

Ultimately, your choice between online banks may come down to which type of checking account you prefer, but FIB offers a range of options and solid customer service.

Our First Internet Bank of Indiana review would not be complete without a comparison between this bank’s pros and cons. Have a look at the list below.

First Internet Bank of Indiana offers a wide range of financial products, high app ratings, and FDIC insured deposits. 

With no monthly maintenance fees, and reimbursement for ATM fees, this bank is a great choice for those looking for a cost-effective banking option. The bank also offers competitive rates on CDs and solid customer service.

Do you like what you have seen in this First Internet Bank of Indiana review? If so, take the next step and start banking with them today! Click the link below and we will show you how to do it.