Newsweek Names First Internet Bank Best Small Business Checking Account

Rhea-AI Summary

First Internet Bank has been recognized by Newsweek as offering the Best Small Business Checking Account in its America’s Best Banks 2021 report. This honor highlights the bank's commitment to providing small business owners with no monthly fees, unlimited transactions, and $10 in ATM fee reimbursements monthly. With assets of $4.3 billion as of September 30, 2020, First Internet Bank continues to grow as a leader in digital banking services.

Positive

• Recognized by Newsweek for the Best Small Business Checking Account.
• Offers no monthly fees and unlimited transactions for small business accounts.
• $10 in monthly ATM fee reimbursements adds value for customers.

Negative

• None.

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that it has been recognized for offering the “Best Small Business Checking Account” in Newsweek’s America’s Best Banks 2021.

First Internet Bank President and CEO David Becker said, “Long before I started First Internet Bank, I was a small business owner and lifelong entrepreneur. Owning a small business is all-consuming, with little time for errands – especially during ‘bankers’ hours.’ We provide small business owners powerful digital banking tools that help them easily understand their financial position, so they can focus on growth. And, without an expensive branch network to maintain, our online bank is able to offer some of the highest interest rates for business and personal banking customers. It is truly an honor to be recognized as a top provider of small business banking solutions.”

In its first-time ranking of financial institutions, Newsweek highlighted First Internet Bank’s small business checking account, noting, “Business owners need a good blend of solid interest rates and low fees to avoid eating into their profits…The winner offers no monthly fee, unlimited transactions, and $10 in ATM fee reimbursements each month.” Category winners were chosen from a field of over 2,500 banks, in conjunction with LendingTree.

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 $4.3 billion as of September 30, 2020, the Bank provides consumer and small business deposit, consumer loan, residential mortgage 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 www.firstib.com. The Bank is a wholly owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.