This review is for: Free Checking
I've been banking with FIBI for about a year now. Their customer service line always has very friendly people on the other line and I don't have much to complain about! Granted, my old bank wouldn't charge me overdraft fees if I put the money in the same day...I ended up having to pay $30 for a 88 cent overdraft that I paid about an hour after overdrafting...but I've learned my lesson and refuse to overdraft anymore! Anybody who wants to give online banking a try should definitely use FIBI. They offer so much more than my old bank did, like bill payment, a 24 hour Customer Service line when you need them...there's even a Facebook application where you can check your bank account while catching up with your friends on Facebook. That's quite possibly the coolest part! They also offer this thing called "Finance Works" which is free to use. It tracks your spending and calculates whether you have saved or spent money. It shows you spending charts and lets you budget expenses which is extremely helpful! I also enjoy that I can check my balance anytime from my mobile web, it's very convenient when I'm out and about and forgot to keep track of the money I've spent!
Posted by that_one_emma_chick -- July 23, 2009
This review is for: Money Market Savings
As far as I can tell, First Internet Bank is the only bank that will accept deposits made with a credit card. It's listed right on their website, but I had to call up just to double check, it seemed that strange. Sure enough, the woman I spoke with confirmed that yes, they accept deposits into the account from credit cards and the fee is 3% of the deposit amount or $10, whichever is greater. I don't know why I would ever want to make a credit card deposit to my bank account - but I still think it's cool.
The woman I spoke with also explained their bank-to-bank money transfer system (called ACH) to me. She said I could move money into or out of the account either using their system or my other bank - if I used their system, the limit on how much money could be withdrawn was $5,000/day and $25,000/month - if I used my other bank I was subject to whatever their limits were. Finally, she said that there's a $5/transaction charge for each withdrawal through their system...sounds like if I actually do decide to sign up with them, I won't be using their transfer system.
Posted by upstater -- March 22, 2009
Rates and accounts may differ by geography so enter your zip code for better information.