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High Interest Checking

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Online Checking Worth Checking Out

Open a High Interest Checking account and get a great rate with less hassle. No monthly maintenance fee with minimum $5,000 average daily balance, domestic ATM fees reimbursed up to $8 per month.

  • A great rate (interest compounded daily)
  • Free cash-back Purchase Rewards
  • Free unlimited check writing
  • Free initial checks (50-pack) if ordered at account opening 
  • Free Mobile Deposit - Deposit checks instantly 24/7 wherever you and your phone go
  • Free MyDeposit - deposit checks instantly from the comfort of your home or office 
  • Free FinanceWorks™: track all your financial accounts, even those at other institutions, all from your Bank of Internet USA Online Banking
  • Free Online Banking with free Bill Pay, mobile banking, email and text messaging alerts
  • Free online images of checks and statements
  • Free online transfers
  • Free Visa® Debit card
  • ATM fees reimbursed up to $8 per month (excludes international ATM transactions)
  • $500 minimum opening deposit required
  • No monthly maintenance fee with minimum $5,000 average daily balance, otherwise $7.50 per month
  • Available overdraft protection  
  • FDIC insured - certificate number 35546


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Just wanted to tell you how much I appreciated your patience, professionalism and assistance. Thank you for all your help
Hal | Customer Read More

We Help You Get More From Your Money

We call it High Interest Checking for a reason.  Our rates are among the best, which will really pay off for you. And unlike some banks that compound monthly, quarterly or even annually, we compound interest daily so you see it payoff even faster.


Balance APY* Rate
$1-$4,999 0.71% 0.71%
$5,000-$9,999 0.71% 0.71%
$10,000-$24,999 0.71% 0.71%
$25,000 + 0.71% 0.71%
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Find The Online Checking Account That’s Right For You

Which Bank of Internet USA Checking account best fits your needs? Compare them side-by-side then open an account online.

Rewards Checking High Interest Checking

No Maintenance Fees

Minimum Opening Deposit

$100 $500

Free Online Bill Pay

Free Mobile Banking

Free Text Banking

Free Check Writing

Free MyDeposit

Free FinanceWorks

Free Purchase Rewards

Free Online Statements

Free Online Check Images

Free Online Inter-Account Transfers

Available Visa® Debit Card

FDIC Insured

Interest Compounded Daily

No Minimum Balance

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Turn everyday purchases into cash
Let us show you how.

Did you know? You're eligible for exclusive cash back offers when using your Bank of Internet USA Visa® Debit Card at the types of places you like to shop.

How it works...

Purchase Rewards to activate exclusive cash back offers at the places you like to shop.
Purchase Rewards online or in stores to redeem your offers by paying with your card. No coupons needed!
Purchase Rewards auto cash back – deposited right into your account at the end of next month.

Purchase Rewards 

Log in to Bank of Internet USA at www.mybankofinternet.com and let the savings begin.

Purchase Rewards  Purchase Rewards Demo

If you have questions, please don’t hesitate to contact us by email at customerservice@bankofinternet.com or call us toll free on 1-877-541-2634.

View Purchase Rewards video here.

Peace of Mind vs. In A Bind

What happens if you accidentally bounce an important check? With Overdraft Protection from Bank of Internet USA, your important check doesn’t bounce at all. It’s exactly the peace of mind you need. Best of all, if you never use our Overdraft Protection, it doesn’t cost you a thing.

Overdraft protection by linking accounts

Link your online checking account to an online savings or money market account, Use the balance in the linked account to cover the shortfall in your online checking account (up to the full balance of the linked account).

To set up: log in to your account and send us a secure message indicating the last 5 digits of the two account numbers you would like to have linked together. (Regulations limit savings and money markets accounts to a maximum of 6 transactions per month.)

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What do you want to know?

Bank of Internet USA is here to make your banking experience as simple and convenient as possible. If you have any questions about the High Interest Checking account, chances are, we’ve answered them here. You can access a more comprehensive list of FAQs by clicking here. Alternatively, you can ask us a question by contacting us here.

What is the difference between a Bank of Internet USA Rewards Checking account and High Interest Checking account?
Click here to see a comparison.

What information do I need to open a Bank of Internet USA High Interest Checking account?
You will need the following information to complete an online application:
  • Your social security number along with a valid US driver’s license or state-issued identification
  • Your primary contact information, including mailing address, telephone number(s) and email address
  • The details of the account you are transferring money from to open this account – you will be making your initial deposit electronically.
  • If this is a joint account, we will need the above information for each account owner.
Click here to open an account
How do I fund an account?
An account can be funded in one of the following ways:
  • ACH instructions may be entered into the account application
  • Using Mobile Deposit or MyDeposit services to deposit negotiable items; such as checks, money orders and Cashier Check. Refer to account disclosure for a list of unacceptable items.
  • Have your financial institution initiate a transfer of money to our Bank. The BofI Federal Bank ABA/Routing Number is: 122287251
  • Mail a check to: Bank of Internet USA, P.O. Box 509127, San Diego, CA 92150-9948
  • Wire funds from another institution

Who do I make checks payable to when depositing to my account?
You can make your check payable to Bank of Internet USA or to yourself. In addition you can endorse the back of the check “For Deposit Only” followed by your signature and the account number.
When will I receive my new Visa® Debit card and Checks?
Your free Visa Debit card and free initial 50-pack of checks will arrive in the mail (separately) within 10 business days after we receive your opening deposit and your completed Signature Card.
How do I order checks?

Bank of Internet USA will send an initial starter kit containing 50 checks free of charge if you order them during the application process. Otherwise you can re-order checks online using the following directions:

  • Log into your account
  • Hover over the Additional Services tab
  • Click on Order Your Checks Today
  • Select the account from the drop down menu
  • Click the Enter button
  • Follow the on screen prompts to complete the re-order

How can I access/manage my money in the Bank of Internet USA account?
You can access your online bank account, make payments, or move your money in a variety of ways:
  • Use your Visa® Debit card or checks for purchases and payments
  • Pay your bills using our free Bill Pay service
  • Get cash from any ATM nationwide (no matter which bank)
  • Access your accounts through our Mobile banking service and use many of the same features as Online Banking;
  • You can transfer money between your Bank of Internet USA accounts or to/from a bank account at another institution
  • Deposit checks with BofI Federal Bank’s mobile app or scan a check via MyDeposit in Online Banking

What ATMs can I use with Bank of Internet USA?
With a Bank of Internet USA online bank account, you can use any ATM nationwide1

What are the ATM/Debit card daily limits?
The daily limits for ATM/Debit cards are:
  • Cash withdrawal from an ATM using an ATM card - $310.
  • Cash withdrawal from an ATM using a Visa® Debit card - $500.00
  • Point-of-sale transation using your Visa® Debit card - $1,500.00

When will my interest be calculated?
At the time of your statement cycle date we will determine the combined products and services used since the previous cycle date to determine the aggregate interest rate to apply to your current statement cycle.

Is there a hold on direct deposits?
Funds from electronic direct deposits to your account will be available on the same day the Bank receives the deposit.
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Bank products and services are offered by BofI Federal Bank. All deposit accounts through BofI Federal Bank brands are FDIC insured through BofI Federal Bank. All deposit accounts of the same ownership and / or vesting held at BofI Federal Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through BofI Federal Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank. For more information click here.