First Internet Bank Named to MoneyRates' 2026 Best Banks Awards for Checking Accounts

Key Terms

overdraft fees financial

A charge a bank or payment provider applies when a customer’s account goes below zero or they exceed a set limit, similar to a penalty for bouncing a check or borrowing a small emergency loan. For investors, overdraft fees matter because they are a steady source of revenue for banks but also a potential sign of customer strain, regulatory scrutiny, and reputational risk that can affect future earnings and credit behavior.

minimum balance requirements financial

Minimum balance requirements are rules that specify the least amount of money an account, investment, or fund must hold to avoid fees, keep certain benefits, or remain eligible for a product. For investors this matters because falling below that threshold can cut returns through charges, limit access to services or trigger forced sales, much like needing a minimum fuel level in a car to keep it running or to use certain features.

minimum opening deposit financial

A minimum opening deposit is the smallest amount of money a bank, brokerage, or investment platform requires you to put in to open an account. It matters to investors because it sets the floor for how much capital you must commit before you can buy assets or use services—like a cover charge that can influence which providers you choose and how quickly you can start building a diversified portfolio.

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank announced today that it has been recognized in the MoneyRates 2026 Banking Awards, earning a top checking account distinction for its Do More Business™ Checking in a national evaluation of U.S. financial institutions representing more than half of all bank deposits.

“Entrepreneurs deserve banking that keeps pace with complexities of running a business — without unnecessary fees or barriers,” said Nicole Lorch, President and Chief Operating Officer of First Internet Bank. “Do More Business™ Checking was designed to deliver real, everyday value, combining transparent pricing with a digital‑first experience that helps business owners stay focused on what matters most.”

MoneyRates conducted its annual analysis in partnership with MyBankTracker.com, evaluating checking accounts from large, mid‑size and community institutions. Accounts were assessed based on monthly maintenance fees, overdraft fees, minimum balance requirements for fee waivers, and minimum opening deposit amounts. First Internet Bank’s Do More Business™ Checking earned its top ranking for eliminating monthly maintenance and overdraft fees while maintaining a low $100 minimum opening deposit.

In addition, Do More Business™ Checking was recognized as a 2025 Silver winner for Small or Medium Business Product of the Year by the Best in Biz Awards, marking the third consecutive year the account has earned that distinction.

For more information about First Internet Bank's award-winning Business Checking account, please visit firstib.com/business/checking.

About First Internet Bank

First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $5.6 billion as of December 31, 2025, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.

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Investor Relations:

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media:

PANBlast for First Internet Bank

Zach Weismiller

firstib@panblastpr.com

Source: First Internet Bank