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Rewards Checking No Monthly Maintenance Fees

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Think the Days of Free Checking Are Over?

Think again! Rewards Checking comes with unlimited ATM reimbursements1, free Bill Pay, free cash-back Purchase Rewards and free FinanceWorks money management software. Plus you can earn up to 1.25% APY* on all balances $150,000 or less and it only takes $100 to open!

How does this sound?

  • The Basics
  • No monthly maintenance fee
  • No minimum monthly balance
  • No Overdraft or Non-Sufficient Funds fee
  • The Rewards
  • No Fees
  • Free Account Features
  • Cash-Back Purchase Rewards
  • Earn up to 1.25% APY*
  • The Features
    • Access to your money 24/7
    • Flexible on-the-go access to your accounts with Online and mobile banking
    • Make purchases with your free Visa® Debit card
    • Membership to the largest ATM network in the nation - You can use any domestic ATM and we'll automatically refund fees by the next business day1
    • If you can’t find an ATM, your Visa® Debit card gets you cash back at most grocery stores, gas stations and super stores
    • Free initial checks (50-pack) if ordered at account opening
    • Deposit money
    • 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 using a computer and scanner
    • Manage your finances
    • Pay, manage and view all your bills with free Bill Pay
    • Pay other People for free with Popmoney
    • Free FinanceWorks™ powered by Quicken, an easy budgeting tool
    • Security
    • With Visa Zero Liability, you are not responsible for unauthorized purchases
    • Set up email and text messaging alerts to notify you of any account activity
    • Overdraft protection available
    • FDIC insured - certificate number 35546
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WHAT PEOPLE ARE SAYING

The people at Bank of Internet USA are the most courteous, understanding and considerate individuals that I had ever had dealings with at a financial institution.
Robert | Customer Read More

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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Steps to Building Your Top Reward Rate

REWARDS CHECKING

Minimum to earn APY*  Rate  APY*
Receive direct deposits each month totaling $1,000 or more .3125% 
Pay 2 bills through our free online banking that post to your account in the same month .3125% 
Use your Rewards Checking Visa® Debit Card at least 1 time per month for normal everyday purchases .3125% 
Use your Rewards Checking Visa® Debit Card at least 6 or more times per month for normal everyday purchases .3125% 
TOTAL 1.24%  1.25%* 
Example of how to earn .9375% APY*
For example if you receive the qualifying direct deposit from your employer (.3125%), pay 2 bills (.3125%), and use your Visa® Debit Card 4 times (.3125%). You will earn a total of .9375% APY* having accomplished 3 of the 4 steps. NOTE: Any balances greater than $150,000 will not earn interest.
Example of how to earn .9375% APY*
For example if you pay 2 bills (.3125%) and use your Visa® Debit Card 6 times (.3125% + .3125%). You will earn a total of .9375% APY* having accomplished 3 of the 4 steps. NOTE: Any balances greater than $150,000 will not earn interest.
Example of how to earn 1.25% APY*
For example if you receive the qualifying direct deposit from your employer (.3125%), pay three bills (.3125%), and use your Visa® Debit Card 6 times (.3125% + .3125%). You will earn 1.25% APY* having accomplished all of the steps. NOTE: Any balances greater than $150,000 will not earn interest.
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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 [email protected] 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.

Choose from two types of Overdraft Protection:

Option 1: Overdraft line of credit

We’ll advance funds to your online checking account to cover an overdrawn check, up to the limit of your line of credit. Unlike many banks, we don’t charge an advance fee.

For current accounts, get an application form here, then fax or mail the completed form.

Option 2: 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 Rewards 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 Rewards 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.