EARN $200*
When you open a new Bank Independent checking account!
EARN $200*
When you open a new Bank Independent checking account!
When you open any new personal or business checking account with Bank Independent and set up recurring direct deposit into the account, you can earn a $200 cash bonus. It's our way of saying thanks for joining Bank Independent!
Here is how it works*
- Open any personal or business checking account with Bank Independent
- Set up recurring direct deposits
- Maintain the account in good standing for 60 days from account opening
- After 60 days, we will evaluate if the bonus criteria is met
- Once approved, the $200 bonus will be deposited into your new account within 60 days of evaluation.
Independent | Independent Plus | Independent Interest | Value | |
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Free Debit Card & BI ATM Access | ![]() |
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Free Sync Digital Banking & eStatements | ![]() |
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Safe Deposit Box Discount | None | 10% with Auto-debit | 20% with Auto-debit + 1st Year Free on New Rental | None |
Paper Statements with Images | Unavailable1 | $2 Per Month2 | FREE | $2 Per Month2 |
$5 Daily Overdraft Safety Net3 | ![]() |
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Unavailable4 |
Check Writing | Unlimited | Unlimited | Unlimited | Checks not available4 |
Interest | Tiered5 | |||
Foreign ATM Fees Waived | Up to 3 Per Month | Unlimited | ||
Student and/or Senior Account Options Available | ![]() |
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Minimum Opening Deposit | $25 | $25 | $100 | $25 |
Monthly Service Charge | None | $7 Per Month | $12 Per Month | $5 Per Month |
Can I Waive the Service Charge?6 | N/A | YES | YES | NO |
OPEN NOW | OPEN NOW | OPEN NOW | OPEN NOW |
Still not sure?
Try our Account Finder to find the right account for you!
We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Schedule of fees)
1 Estatement Enrollment Required. If estatement enrollment is not completed within the first 30 day statement cycle the account will be changed to the Independent Plus Account which provides paper statements for a $2.00 service charge per statement cycle. There is no monthly service charge for estatements. If account is moved to the Independent Plus Account a $7.00 per statement cycle service charge applies unless you meet one of the following requirements: Maintain a daily minimum balance of $1,500 or more; Receive at least $500 in direct deposits during the statement cycle; OR Have a minimum of 5 non-ATM debit card transactions post to your account during the statement cycle.
2. $2.00 Service charge per statement cycle will be charged for paper statements. There is no monthly service charge for estatements.
3. An NSF/Overdraft fee will not be charged to an account if the ending daily balance in the account is overdrawn by $5.00 or less.
4. For Value Account Only: Personal Checks and counter checks will not be provided for this account. Overdraft proctection and NSF services will not be provided for this account.
5. For Independent Interest Checking only: The interest rate and annual percentage yield for Independent Interest Checking is variable and will depend upon the applicable rate tier (See below). The interest rate and annual percentage yield for these tiers may change at our discretion. Interest will be compounded and added back to principal each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
If you close your account before the interest is credited, you will receive the accrued interest.
Tiered Rate Disclosure - Effective as of 2/11/25
If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $9,999.99, but less than $25,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $24,999.99, but less than $50,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%
If your daily balance is more than $49,999.99, but less than $100,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is $100,000 or more, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
6. See account information below for details.
Independent Plus Senior Checking
There are a lot of things in life you may have outgrown because of your age. An Independent Plus Senior Checking account shouldn’t be one of them. Sync Mobile and online convenience paired with two free boxes of standard10 checks each year, and complimentary, optional paper statements allows you to bank the way you want. Independent Plus Senior checking has you covered, with three simple ways to avoid paying a $3 monthly service charge.
Created with our customers at least 62 years young in mind, Independent Plus Senior Checking gives you all the perks you’ve earned and more.
Sign up for Independent Plus or Independent Plus Senior and discover three convenient ways to waive your monthly service charge:
- Direct deposits totaling $500 or more per statement cycle OR
- A maintained minimum $1,500 account balance OR
- At least 5 non-ATM posted BI Debit Card transactions within a statement cycle.
Independent Plus Student Checking
Designed specifically for customers between the ages of 15 and 25, Independent Plus Student Checking is loaded with convenient features like free Sync Mobile and Online banking, Mobile Deposit, a secure Bank Independent Debit card, and digital wallet options which allow you to make purchases right from your phone.
Use your debit card to withdraw cash at any of our Bank Independent ATMs for fee-free transactions. When a Bank Independent ATM is not convenient, your Independent Plus Student Checking account allows for up to five (5) foreign ATM fee refunds a month,8. As you learn about responsible money management, enjoy the added protection of a $5 safety net11 in case you spend a few dollars more than you should.
Introducing Early PayDay12, a faster way to access funds.
Early PayDay access may make funds from an incoming electronic ACH direct deposit available for use up to two days before the scheduled payment date.
This convenient new Early PayDay feature is currently available on the Value Account only.
Overdraft Management
We all make mistakes when it comes to managing our money. But Bank Independent has several programs to minimize, forgive or altogether avoid yours. Click here for more information on our overdraft options.
Debit Cards
Your Bank Independent Debit Card bundles purchasing power, convenience, state-of-the-art security and even simplified savings into one sleek silver package. Learn more here.