Plant the financial seeds to support your future with the best banks in Indiana. Our list includes several you can bank with online, in person, and on your smartphone.
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Online accounts you can open from any stateAccounts shown here reflect the most viewed listings on this page based on reader engagement. We may receive compensation from some companies listed. This does not influence ranking order or our editorial scores.
Local branches are only half the picture. These five are available nationwide, so they compete with anything in your state and usually pay more to switch.
Indiana makes a name for itself with the Indianapolis 500, the University of Notre Dame, and the various steel mills and farms that employ hundreds of thousands of workers. It’s also home to several banks and credit unions serving Indiana’s hard-working residents.
When it comes to finding the best banks in every state, most people look for a few different features. These may include what types of accounts the bank offers, what fees it charges, and what perks it offers to those who sign up for an account.
Bankrate recently completed a survey and found that 37% of consumers find low or no monthly fees to be the most important. Paying for a bank to manage your money is hardly a sign of a modern bank.
The best banks in Indiana on our list below include several that don’t charge a monthly fee or require a minimum balance. Many offer welcome bonuses and other perks to help earn your business.
Are you ready to learn more about the best banks in Indiana? Let’s get started!
20 Best Banks in Indiana
If you’re in the market for a new checking account, you’ll find some of the best bank accounts below. These accounts work with you to offer superior service with the perks you need to manage your money more effectively.
Chase runs 123 branches in Indiana, and it will pay you $400 to open a checking account. That is the largest new-checking bonus any major bank is offering right now, and it is money most Indianans leave on the table by keeping the account they opened years ago.
Here is the entire requirement. Open a new Total Checking account, then have $1,000 or more in qualifying direct deposits arrive within 90 days of enrolling in the offer. It is cumulative, so two or three ordinary paychecks clear it, and the bonus is paid within 15 days of you meeting the requirement. The $15 monthly service fee drops to $0 in any statement period with $500 or more in qualifying electronic deposits, a $1,500 daily beginning balance, or $5,000 in average beginning day balance across linked accounts. One trap to know: Zelle, cash, checks, wires and interest do not count toward either number.
Past the bonus, the footprint is the argument. 123 Indiana branches plus 5,000+ branches and 14,000+ ATMs nationwide means you can deposit cash near home and still use the account anywhere you travel. Zelle is built in, the mobile app is well rated, and you can add a Chase savings account or credit card later under the same login.
The catch worth naming: the bonus is only open to people who are not already Chase checking customers, and you can collect one new-checking bonus every two years. It is reported to the IRS on a 1099-INT. If that fits you, open a Total Checking account and route your paycheck to it.
If you want the biggest checking bonus on the market alongside a real Indiana branch network, claim the $400 with Chase here.
An Indianapolis car repair has a way of landing four days before payday. The gap between when a bill is due and when your paycheck lands is where most budgets actually break, and it is the specific problem Current is built for.
The signup math is simple. Open an account with promo code WELCOME75 and get $75 once your Eligible Payroll Deposits total $1,500 or more in your first 35 days. It is cumulative rather than one big deposit, it is new customers only, and the cash arrives about 10 business days after you cross the line. Recurring wages from an employer, a payroll provider or a government payer count. Non-direct-deposit ACH transfers, Venmo, Cash App, Zelle, PayPal, Google Pay, mobile check deposits, cash and one-off deposits such as a tax refund do not.
The feature that earns its keep after the bonus is Paycheck Advance, which lets you draw up to $750 of pay before payday and is offered by Finco Advance LLC rather than a bank. There is no monthly fee on the account, and the whole thing opens from your phone, which is the point in a state where the nearest branch may not be convenient.
One thing to be clear about, because it is routinely written up wrong: Current is a financial technology company, not a bank. Banking services come from Choice Financial Group and/or Cross River Bank, both Member FDIC, so deposit insurance reaches you on a pass-through basis up to $250,000 and depends on those conditions being met. If that structure is fine with you, open an account with code WELCOME75 and claim the $75.
3. SoFi
SoFi Checking & Savings is one of the best account options in Indiana if you want simple banking with big rewards. There are no monthly maintenance fees, no minimum balance requirements, and you can open an account online in minutes.
New customers can unlock up to a $450 bonus when they set up direct deposit.
You also get free access to more than fifty five thousand ATMs, overdraft coverage up to fifty dollars with qualifying direct deposits, and a sleek mobile app that makes it easy to deposit checks, pay bills, and track your savings goals. SoFi even lets you create savings vaults so you can set aside money for specific plans without touching your main account.
If you want a bank account that is modern, fee free, and actually pays you more, SoFi is the clear choice.
4. Centier Bank
Founded in 1895, Centier Bank is based in Merrillville and operates 60 branches in the state. It offers personal and small business banking products, from checking and savings accounts to small business loans.
Most checking accounts come with the ability to waive the already-low monthly fees. You can also choose from various CDs, IRAs, and investment services.
Centier Bank offers the convenience of online and mobile banking. This family-owned bank is a favorite among Indiana residents.
5. Centra Credit Union
Opportunity Checking account is one of the best checking accounts you can open with Centra Credit Union. However, you’ll first need to open an Opportunity Savings account as part of your membership with this credit union.
The Opportunity Savings account requires $5 to open. With the Opportunity Checking account, you can reduce the $8 monthly fee to $5 if you set up direct deposit.
Centra Credit Union’s Opportunity Checking account includes a free Mastercard debit card, online and mobile banking, bill pay, overdraft protection, and unlimited check writing. This bank operates branches in several cities, including Scottsburg, North Vernon, Indianapolis, Madison, Shelbyville, and Edinburgh.
6. CommunityWide Federal Credit Union
You must submit to a credit check if you want to join CommunityWide Federal Credit Union. This credit union requires $15 to open your account, but you can only earn interest if you have at least $500.
If you’re an employee, retiree, or donor to participating organizations in northern Indiana, you qualify for membership. You can also be eligible if you donate to a nonprofit associated with this credit union, such as the Housing Assistance Office, Hope Rescue Mission, and Goodwill.
CommunityWide Federal Credit Union owns 11 branches in Elkhart, Granger, Plymouth, Goshen, Warsaw, South Bend, and Mishawaka.
7. First Financial Bank
First Financial Bank is known for its customer service and has been around for 100 years. This bank offers major financial services, including checking, savings, and health savings accounts.
Most of First Financial Bank’s checking accounts come with no monthly fees. This bank also offers live chat and high APYs on select accounts.
8. First Merchants Bank
Headquartered in Indiana, First Merchants Bank offers checking and savings accounts, mortgages, wealth management, investment and retirement accounts, trusts, and estate planning. This member-FDIC also caters to business customers with loans, credit cards, and lines of credit.
If you open a First Direct Checking account, you’ll pay a $10 monthly fee. However, there is no minimum opening deposit or transfer fees if you use bill pay.
9. First Trust Credit Union
You can choose from two checking accounts with First Trust Credit Union. The Traditional Checking account has no monthly fees or minimum balance requirements and comes with a free Visa debit card.
Additional account features include unlimited check writing and overdraft protection. You must live or work in the following counties to open an account:
La Porte
Porter
Jasper
Newtown
Pulaski
If a close family member is already a member or you work for a community partner, you are eligible for membership. First Trust Credit Union has branches in Michigan City, Valparaiso, La Porte, and Wheatfield.
10. Horizon Bank
Horizon Bank invests fully in the community, offering the following financial products and services to its members:
Checking accounts
Savings accounts
Retirement accounts
CDs
Mortgages
Home equity, personal, and auto loans
IRAs
HSAs
Credit cards
Wealth management
This bank was founded in 1873 and continues to make a difference in the lives of those in Indiana. Horizon Bank also offers business banking and a Fresh Start checking account for those who want to improve their banking record.
You can also opt for the free investment review from Horizon Bank. Most checking accounts also allow you to waive the monthly fees.
11. Kentland Bank
The Personal Checking account is Kentland Bank’s basic checking account. It requires a $100 minimum opening deposit, and the monthly maintenance fees depend on your account balance.
If you keep your account below $250, you must pay $8 monthly. The more you have in your account, the less you’ll pay in monthly fees.
You can waive the monthly fee if you’re a senior or use less than five checks per month. Kentland Bank operates locations in Rensselaer, Lake Village, Kentland, Lafayette, and Roselawn.
12. Old National Bank
Old National Bank offers one of the best banking apps for Indiana residents. This bank includes online and mobile banking among its services, checking and savings accounts, and wealth management.
While Old National Bank can’t compete with online-only banks that offer higher APYs, it does help you budget and break down your expenses to understand where your money is going. You can also calculate your net worth with the Money Management feature.
Old National Bank lets you link your Visa debit card to a digital wallet. You can add your new debit card to Samsung Pay, Apple Pay, or Google Pay accounts.
This bank also partners with Popmoney to help you send and receive funds from friends and family. Any recipients you send money to don’t have to have a Popmoney account to participate.
13. One Vision Federal Credit Union
With the Rising Star Checking account, you can improve your banking history to open another standard checking account for more perks. This account requires a $15 monthly fee that you can lower to $10 if you meet the following requirements:
Complete a financial education workshop
Maintain a minimum balance of $30
Sign up for direct deposit
You can become a member if you live, work, attend school, or worship in Clark, Floyd, or Harrison Counties. The application process requires a one-time $1 membership fee and opening a Prime Share account with $5.
14. Republic Bank
You must have a Social Security number and government ID to open a Republic Bank account. The Checking Builder Account helps you improve any past issues you had with bank accounts and comes with a $12.95 monthly fee.
You can reduce this fee if you sign up for direct deposit or have 20 transactions posted to your account within a month. There are no minimum balance requirements besides the $50 initial deposit requirement.
Republic Bank’s checking accounts also include free bill pay, unlimited check writing, and free ATM transactions at many major ATM networks nationwide. If you need a second-chance checking account, Republic Bank can help.
15. STAR Financial Bank
This locally-owned bank is known for offering cutting-edge technology services and personalized banking on a business and personal level. In addition to online and mobile banking, STAR Financial Bank provides:
Checking accounts
Savings accounts
Mortgages
Car loans
CDs
Business banking services
You can open a new account online in minutes. If you apply for an auto or home loan online, you’ll have an answer within minutes.
16. The National Bank of Indianapolis
This bank is one of the largest locally-owned banks in Indianapolis. It’s been in business for over a quarter of a century and offers personal and business banking services.
The National Bank of Indianapolis offers a 0% APR credit card, competitive interest rates, and many loans. You’ll also receive fee-free ATM access and online and mobile banking.
17. United Fidelity Bank
Open a New Day Checking account with $25 to improve your banking history. There’s no minimum balance associated with this account, but you do have to pay an $8 monthly fee.
If you can go 12 months without putting your bank account into the negative, you can remove the monthly fee. Keep a positive account balance for at least six months, and you can also request a Visa debit card.
United Fidelity Bank offers unlimited check writing and online banking. You can find multiple locations in Evansville and Indianapolis.
18. 1st Source Bank
Based in South Bend and founded in 1863, 1st Source Bank is often recognized for its superior customer service. You can reach the 1st Source Bank team via live chat or email if you can’t visit a local branch.
This bank operates over 100 branches in Indiana. Several financial tools and resources are on its website, from interactive savings calculators to financial advice.
19. 3Rivers Federal Credit Union
If you need a second-chance checking account, check out 3Rivers Federal Credit Union. This credit union offers Onward Checking to build positive banking history with a flexible account.
With the Onward Checking account, you must pay an $8 monthly fee, but you don’t have to maintain a minimum balance. The account doesn’t require an opening deposit and offers a free Visa debit card.
If you incur an overdraft fee, 3Rivers Federal Credit Union will pay the first one for you. You’ll also get access to online and mobile banking with bill pay.
3Rivers Federal Credit Union connects to a network of tens of thousands of ATMs. Branches can be found in Bluffton, Decatur, Kendallville, Fort Wayne, and Auburn.
20. Wells Fargo
Indiana residents can enjoy the benefits of banking with Wells Fargo, including a $325 new customer bonus. With branches and ATMs across cities like Indianapolis, Fort Wayne, and Bloomington, Wells Fargo offers accessible and secure banking.
Open an Everyday Checking account with a $25 minimum deposit, receive $1,000 in direct deposits within 90 days, and claim your reward. The account features advanced fraud monitoring and digital tools to keep your finances in check.
How to Compare Savings Accounts
Between the largest banks in the U.S. and community banks, there are hundreds of savings accounts to choose from. Here are a few features to keep in mind when you’re comparing savings accounts:
Interest rates (APYs): Most people open a savings account to earn interest on their balance and keep those funds away from their spending account. Many online-only banks offer high APYs on their savings accounts, but local banks can compete with these rates.
Fees: National banks often limit how many times you can withdraw funds from your savings account. Banks may also charge you a monthly fee if you don’t keep a designated minimum balance.
Account requirements: Savings accounts often come with a required minimum opening deposit. Credit unions typically require you to open either a checking or savings account to establish your membership.
Convenience: The best savings accounts not only connect to checking accounts to cover any overdrafts and avoid fees, but they also make it easy to save money automatically when you use your checking account.
Many people open a savings account at the same bank that holds their checking account. However, you can open a savings account at most banks without opening a checking account first.
Indiana banking questions, answered
Which bank has the biggest sign-up bonus in Indiana?
Chase Total Checking pays the biggest bonus on this list: $400 once your qualifying direct deposits total $1,000 or more within 90 days of opening. It is cumulative, so two or three normal paychecks clear it, and the cash lands within 15 days. You also get branch access across Indiana, plus 5,000+ branches and 14,000+ ATMs nationwide.
Which bank can spot me money when I need it?
Current lets you draw up to $750 of your next paycheck early, with no interest and no credit check. New customers can also earn a $75 bonus with code WELCOME75 after $1,500 or more in eligible payroll deposits within 35 days. Current is a financial technology company, not a bank; banking services are provided by Choice Financial Group and Cross River Bank, both Members FDIC.
What are some of the best banks in Indiana?
Some of the best banks in Indiana include Horizon Bank, First Financial Bank, Centier Bank, 1st Source Bank, Old National Bank, and STAR Financial Bank. Other banks on our list include United Fidelity Bank, The National Bank of Indianapolis, and Republic Bank. If you bank mostly from your phone, compare fees and bonuses instead. Our best bank account bonuses roundup tracks both.
Which of the best banks in Indiana offer free checking accounts?Â
First Financial Bank and First Trust Credit Union offer free checking accounts with no monthly fees. Other banks not on our list may also offer free checking accounts to Indiana residents. Read the fee schedule first. Our guide to the best checking accounts compares more no-fee options in Indiana.
What do you need to open a bank account in Indiana?Â
To open a bank account in Indiana, you must have proof of your identity, a Social Security number, and an opening deposit. Some banks do away with an opening deposit, though sometimes you must set up a direct deposit to waive this requirement. Several accounts in our best checking accounts roundup ask for no opening deposit and take ten minutes online.
The Best Banks in the Hoosier State
Indiana often gets lumped together with Iowa, Ohio, and Illinois. However, it offers residents unique bank accounts and partnerships that make it easier to manage their money in this state.
We hope this article helps you find a better bank account or even your new bank account if you live in Indiana. Some of the best banks allow you to take care of your finances without worrying about how you’ll pay for monthly fees, overdrafts, or ATM fees.
Learning about the best banks in Indiana is also a great way to compare banks and find the one that best fits your needs. When you know what interest rates and perks are out there, you can feel more confident in your decision when you make it.
Which of the best banks in Indiana will you choose?
$400 once your direct deposits total $1,000. You have 90 days from enrolling, and it is cumulative rather than one big deposit.
Paid within 15 days of hitting the requirement.
$15 monthly fee, waivable four ways. $500+ in qualifying electronic deposits, a $1,500 daily balance, $5,000 average across linked accounts, or linking a qualifying checking account. Zelle, cash, checks and wires do not count.
More than 5,000 branches and 14,000 ATMs.
Bonus paid within 15 days, and it is closed to existing Chase checking customers.
Pros & Cons
$400 for $1,000 of direct deposits, the best ratio here
Up to $450, and it is three separate bonuses. $25 for opening and depositing $50 or more within 25 days, $25 more for enrolling in SoFi Plus, and up to $400 on direct deposit.
The $400 tier is strict. Eligible direct deposits totalling $5,000 or more inside 25 calendar days. $1,000 to $4,999.99 pays $50, under $1,000 pays nothing.
No fees and no minimums, and savings earns 3.30% APY with eligible direct deposit activity.
Only real payroll counts. Check deposits, Zelle, PayPal, Venmo, Wise, wires and IRS tax refunds are excluded.
Paid within about 7 business days. The direct deposit bonus runs to December 31, 2026, and SoFi lists the two $25 bonuses as running October 1 to October 21, 2026.
Pros & Cons
Three bonuses stack to $450 if you qualify for all of them
3.30% APY on savings with eligible direct deposit
No monthly fee, no minimum, no overdraft fee
SoFi Bank, N.A. is itself a Member FDIC bank
Bonus pays within about 7 business days
The $400 tier needs $5,000 in eligible direct deposits
$1,000 to $4,999.99 pays only $50
Deposits are totalled over just 25 calendar days
P2P, wires, check deposits and tax refunds do not count
The $1,000 headline needs $200,000 deposited. The welcome bonus is tiered: $40 at $10,000, $100 at $25,000, $200 at $50,000, $425 at $100,000 and $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100 on top.
Code STACK has to be entered at sign-up, and it is new customers only.
The first deposit must be initiated by October 31, 2026. Balances then have to be maintained for 90 days, and the cash lands within 30 days of qualifying.
Raisin is not a bank. It is a marketplace over 100+ partner banks and credit unions. Your money sits at the partner institution through a custodial bank, so cover is pass-through FDIC or NCUA up to $250,000 per institution.
No platform fees and a $1 minimum to open a product. APY up to 4.40%, accurate as of September 28, 2026.
Pros & Cons
Access to 100+ partner banks and credit unions from one login
Up to 4.40% APY, well above a typical bank savings rate
No platform fees and a $1 minimum to open
Spreading across partners can reach $10M+ in FDIC or NCUA coverage
Move money between savings products as rates change
The $1,000 headline needs $200,000 deposited
First deposit must be initiated by October 31, 2026
Balances have to be maintained for 90 days
Code STACK must be entered at sign-up, new customers only
$1,500 in eligible payroll deposits within 35 days. This is the requirement people miss. It is cumulative, not a single deposit.
$75 with code WELCOME75. New customers only, and the code has to be entered at signup.
Paid within about 10 business days of your deposits reaching $1,500.
Transfers do not count. Venmo, Cash App, Zelle, PayPal, mobile check deposits, cash and one-off deposits like a tax refund are all excluded.
No credit check to open, and up to $750 before payday. Instant access carries a fee, or wait up to 3 days for free.
Current is a fintech, not a bank. Banking services come from Choice Financial Group and Cross River Bank, both FDIC members, so cover is pass-through up to $250,000.
Pros & Cons
No credit check to open
$0 monthly fee
Up to $750 of your paycheck before payday
No credit check on Paycheck Advance, and repayments are not reported
Realistic approval after a past bank closure
Needs $1,500 in eligible payroll deposits within 35 days
Smallest bonus here at $75
Venmo, Cash App, Zelle and PayPal do not count
Current is a fintech, not a bank, so FDIC cover is pass-through
Instant advances carry a fee unless you wait 3 days
3.75% APY on balances of $5,000 or more, and 0.25% below that. It is tiered, so your end-of-day balance sets the rate and it is paid on the whole balance.
$100 minimum to open, and no account opening or monthly service fees.
CIT Bank is a division of First Citizens Bank, FDIC insured to $250,000 per depositor per ownership category. Deposits across First Citizens divisions are combined for that limit.
Opening takes about five minutes online.
APYs accurate as of July 1, 2026 and variable, so confirm before funding.
Every figure above comes from each provider’s own page. For the full breakdown of the checking bonuses, including what counts as a qualifying direct deposit at each bank, see our guide to the best checking accounts.
CIT Platinum Savings APYs are accurate as of July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Platinum Savings is a tiered interest rate account. Rates are variable and may change at any time without notice. $100 minimum to open. CIT Bank is a division of First Citizens Bank, Member FDIC.
Raisin bonus: new customers only, code STACK required at sign-up. Welcome Bonus is $40 at $10,000 through $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100. First deposit must be initiated by October 31, 2026 and balances maintained 90 days. Raisin is not a bank; deposits are held at FDIC-insured banks and NCUA-insured credit unions through a custodial bank. APY accurate as of September 28, 2026. Raisin charges no platform fees.
Before you go
Two accounts that pay you to switch
Both are open to residents of every state. The only real difference is how much you have to move to earn it.
Brian Meiggs founded My Millennial Guide and has spent over a decade writing about money. He tries every app and product before it goes on the site. No fluff, no guesswork. Named to the Northern Virginia 40 Under 40 earlier this year, and featured in WSJ, Business Insider, and Entrepreneur. Off the clock: chess, the gym, a quiet night in.
