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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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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 CashBack Checking

Minimum Opening Deposit

$100 $500 $100

Interest Compounded Daily

Cash Back for Debit Purchases

No Minimum Balance

No Maintenance Fees

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

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Steps to Building Your Top Reward Rate


Current Rate Tier
(Minimum to earn APY*)
 Rate  APY*
Receive direct deposits each month totaling $1,000 or more .4166% 
Use your Rewards Checking Visa® Debit Card at least 10 times per month for normal everyday purchases. (min $3 per transaction) .4166% 
Use your Rewards Checking Visa® Debit Card for 15 or more times per month for normal everyday purchases. (min $3 per transaction) .4166% 
TOTAL 1.24%  1.25%* 
Current Rate Tier Examples
Example of how to earn .8333% APY*
For example if you receive the qualifying direct deposit from your employer (.4166%) and use your Visa® Debit Card at least 10 (.4166%). You will earn a total of .8333% APY* having accomplished 2 of the 3 steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and any balances greater than $150,000 will not earn interest.
Example of how to earn .8333% APY*
For example if you use your Visa® Debit Card 15 or more times (.4166% for the first 10 purchases + .4166% for 15 or more purchases). You will earn a total of .8333% APY* having accomplished 2 of the 3 steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and 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 (.4166%), and use your Visa® Debit Card 15 or more times (.4166% for the first 10 purchases + .4166% for 15 or more purchases) You will earn 1.25% APY* having accomplished all of the steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and 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 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 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.

Customer Reviews

  • Evan and Ethan assisted us with our loan from Bank of Internet. They were professional, patient, efficient and always ready... Yelp, Jan R., Temecula, CA
  • I spoke to Edgar on 6/5/14; he was friendly, efficient, knowledgeable, and had a kind tone. Kudos to him for his excellent customer service. Patience, BofI USA, Tampa, FL
  • I received wonderful service from Robert in the Call Center. He was able to follow my problem and give me an answer. He was exceptional. Stuart, BofI USA, Seattle, WA
  • Somebody from BofI called, based on my YELP review. They are refunding our second appraisal fees. I toned down my previous review... Yelp, Rachel K., Trabuco Canyon, CA
  • Talk about quick! I initiated a purchase through Costco and Bank of Internet contacted me first. They offered me a great rate (4.5%)... Yelp, Fera Z., San Diego, CA
  • I have been banking with BofI since 2006. Been a great experience! Definitely on my short list if I need to have another bank account. Darren, BofI USA, Livingston, TX
  • Found this bank through Costco and I'm glad I did. I was suspicious of an internet bank at first but since costco recommended... Yelp, Fili F., Los Angeles, CA
  • Can't say enough about Alexis Shafer and Ethan Landau. They were terrific. Knowledgable and very professional. They were very... Zillow, k wahl, Saint Charles, IL
  • I would DEFINITELY and happily recommend BOI to anyone looking to finance or refinance their home! We had a great experience from start... Zillow, jmhoferanderson, Larimore, ND
  • Evan Lutz and Ethan Landau were amazing agents! They were responsive, helpful, and kept me on target in getting us the loan we... Zillow, lori886, Ann Arbor, MI
  • I highly recommend Bank of Internet USA for a home mortgage. I was a first time homebuyer and new to the mortgage application... Zillow, user8185746, Gold Canyon, AZ
  • We had a very positive experience with Bank of Internet and the personnel we dealt with Whitney Turnbull and Ethan Landau. We chose BofI... Zillow, rmort, Dexter, MI
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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.