First Internet Bank's Do More Business™ Checking Tops MoneyRates' 2026 Awards — First Internet Bank of Indiana

Event summary

First Internet Bank's Do More Business™ Checking ranked top in MoneyRates' 2026 Banking Awards for checking accounts.
The account eliminated monthly maintenance and overdraft fees, with a $100 minimum opening deposit.
MoneyRates evaluated over half of all U.S. bank deposits in the national assessment.
Do More Business™ Checking also won a 2025 Silver award for Small or Medium Business Product of the Year.

The big picture

First Internet Bank's recognition underscores the growing demand for transparent, low-fee digital banking solutions tailored to small businesses. As traditional banks face pressure to innovate, First Internet Bank's strategy of eliminating fees while maintaining a low minimum deposit could set a new standard in the industry. With $5.6 billion in assets as of 2025, the bank is positioning itself as a key player in the digital-first banking sector.

What we're watching

Competitive Differentiation: How First Internet Bank's fee-free structure will affect market share in the digital banking space.
Customer Retention: Whether the account's features can sustain long-term customer loyalty amid rising competition.
Regulatory Compliance: The pace at which regulatory changes may impact fee-free business checking accounts.