Independent Bank full review

Discover the Benefits of Independent Bank Accounts

Independent Bank has a longstanding history in the United States, focusing on community-oriented banking since its establishment in 1864 in Ionia, Michigan. Throughout the years, the bank has grown and expanded strategically, becoming a well-known regional financial institution with a presence across Michigan and neighboring states.

With $5.13 billion in assets and $4.62 billion in deposits, Independent Bank offers a comprehensive range of financial services to individuals, families, and businesses in communities across the Midwest.

Discover the Independent Bank Checking Accounts

Independent Bank provides two checking account options, each offering unique features and benefits:

ONE Account

The ONE Account is the bank’s most popular option, featuring a free, interest-bearing account. By becoming an account holder, you can enjoy the following perks:

• Up to 5.00% APY simply by using your IB Debit Mastercard®, potentially earning up to $500/year.
• Free bundle of benefits, including cell phone protection, mobile coupons, and discounted movie tickets.
• Multiple overdraft coverage options.
• Eligibility for a $600 bonus.

Opportunity ONE

The Opportunity ONE account is ideal for those who want a free account with no overdraft fees. Here are some advantages of this account:

• No minimum deposit requirement or account fees.
• No worries about overdraft fees, only spend the money available in your account.
• Great for students or individuals looking to rebuild a positive checking account history with a financial institution.
• Eligibility for a $600 bonus.

Additional Benefits of Each Account:

ONE Wallet

Take advantage of ONE Wallet online and mobile banking to manage your finances conveniently. With ONE Wallet, you can:

• View transactions and history from a single page.
• Transfer funds between Independent Bank accounts and accounts at other financial institutions.
• Lock your debit card, set up restrictions, create transaction alerts, and set travel alerts.

Star Rated App

Use the highly-rated Independent Bank mobile app, available on both the Apple App Store and the Google Play Store.

Carefree Overdraft Policies

Spend only the money you have in your account without worrying about overdraft fees with Opportunity ONE. Alternatively, take advantage of Overdraft Privilege with the ONE Account.

Earn up to $500 every year!

Refer your friends and family to open a new account, and both of you can receive a $50 Mastercard® Reward card as a gift, up to $500 annually.

Additional Benefits:

• Independent Bank waives your fees at over 32,000 MoneyPass ATMs nationwide. Visit moneypass.com to find one nearest you.
• Easily switch your direct deposits and automated payments to your new account with Clickswitch.
• Pay with your free Debit Mastercard®, Bill Pay, Mobile Wallet, and Zelle®.
• Order high-quality personal checks through our partnership with Harland Clarke.

Requirements to Open an Account

To open an account with Independent Bank, you will need:

• To be 18 years of age or older. Minors may open an account with a joint parent or guardian.
• Residency in Michigan or Ohio.
• Your Social Security Number or Individual Taxpayer Identification Number.
• Government-issued identification such as a Driver’s License, State ID, or Passport.

If you have any questions, feel free to call 800.355.0641.

Rest assured, all Independent Bank checking accounts are FDIC insured, offering depositors the security and confidence that their funds are protected up to the maximum allowable limit set by the Federal Deposit Insurance Corporation (FDIC).

Learn How to Apply for an Independent Bank Account

Applying for an Independent Bank checking account is a straightforward and secure process that only takes a few minutes of your time. If you’re ready to open your Independent Bank account, let’s take the next step together and learn how to apply.

Written by

Claire Harrison