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No. of Recommendations: 8
Here's my 2 cents:

NetBank (
NetBank is basically an ok bank. They have no monthly fees on their NetValue Checking account, no minimum balance requirements, and you get free bill pay. You also get the first order of checks free. However, their internet banking system is not fully real-time; when you log in, you see your balance as of the previous night's posting. You have to hit an "Update" button to see real-time information, and if you navigate away from the updated page, it reverts back to posted balances and you have to hit the "Update" button again. They also have an inactivity fee after 3 months of inactivity, and a bill pay inactivity fee after 3 months of no bill pay (you can avoid the bill pay inactivity fee by paying at least bill per month or not signing up for it at all). They do not reimburse ATM surcharges. If these things don't bother you, then NetBank may not be that bad a choice. You can always use, Yahoo Funds Transfer, or MSN Bill Pay/Transfer Funds to move money there.

First Internet Bank of Indiana (
First IB's internet banking system is fully real-time (at least it was before the vendor was bought out). In fact, not only is their internet banking system real-time, but they also have real-time processing, meaning they don't batch process items at night. Their checking interest rate is higher than NetBank's NetValue Checking, but you have to keep an average balance of $500 in the account to earn the interest and avoid a $4.00 monthly fee. They reimburse ATM surcharges (up to $6.00 per month), and they also have free bill pay. You can move money to First IB through ACH transfers online or through VISA deposits (you could use a local bank's check card to do this) with no fees. Their customer service is better than NetBank's.

State Farm Bank (
State Farm Bank has a checking account and savings account with no balance requirements and no monthly fees. Their savings account is currently paying interest at 2.63%APY. They have free bill pay, free first order of checks, and they reimburse the first 5 surcharges you pay during the month (up to $1.50 each). If I'm not mistaken, they reimburse the surcharge the same day it's incurred, not all at once at the end of the month. They are probably one of the most stable online banks, because they are owned by one of the largest insurers around.

Bank of Internet USA (
This bank is located in San Diego, CA. It has several checking accounts that may be of interest to you, depending on how old you are. Check out their accounts at

Hope this helps.
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