What does First Internet Bank do?

First Internet Bank is a pioneering online financial institution based in Fishers, Indiana. Founded in 1999, it was the first state-chartered, FDIC-insured bank to operate entirely online in the United States. The bank quickly gained customers across all 50 states and has maintained profitable operations since 2001. The bank offers a wide range of financial services through its online platform, including checking and savings accounts, money market accounts, certificates of deposit, and Individual Retirement Accounts (IRAs). It also provides various lending products such as mortgages, credit cards, personal lines of credit, and installment loans. First Internet Bank is known for its competitive interest rates on deposits and minimal fees, thanks to its efficient online-only model. Customers can access services anytime, benefiting from features like real-time account transfers and interactive chat support.