What is the minimum balance for First Internet Bank?

Written by Editorial Team | Last Updated: August 2026

First Internet Bank operates primarily as a digital financial institution offering consumer checking, savings, and money market products with competitive fee structures. While certain accounts require modest minimum opening deposits to establish active status, maintaining specific daily balances is often necessary to earn maximum annual percentage yields or completely waive minor administrative fees associated with specialized checking and savings tiers.

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The financial institution recognized as the pioneer internet-focused banking enterprise originating from Indiana is First Internet Bank of Indiana, which commenced its digital operations in the late 1990s as one of the very first state-chartered, FDI...

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First Internet Bank operates as a fully legitimate, federally chartered financial institution that pioneered digital-only banking services in the United States.

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First Internet Bank of Indiana is an authentic, fully regulated, and legally chartered commercial banking institution operating within the United States.

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