Online Banking IB Corp


For assistance call:
1-800-823-2274 or 406-265-1241

Personal Checking

We have several checking account options to choose from:

 

Account TypeMonthly Maintenance FeeMinimum Balance to Avoid Maintenance FeeUnlimited Check WritingFree Online BankingInterest Bearing
Freedom Checking $0 $0 Yes Yes No
Heritage Account  62+ $0 $0 Yes Yes No
VIP Account*  $5 if below minimum $750  Yes Yes Yes
HSA or MT Medical Accounts** $2 if below minimum*  $25  Yes  Yes Yes

 * Fees could reduce earnings on the account.
** The HSA Medical Account has a $15 annual fee.

Freedom Checking

Putting the “free” back in freedom!

  • No minimum balance
  • No monthly maintenance fee
  • No per check fees
  • Free return of front check images
  • Free easy to balance monthly statements
  • Free Online Banking
  • Bill Pay available
  • Free eStatements available
  • Free Debit Card
  • Free notary service
  • ACH payment/Direct Deposit available

 Heritage Checking

You’ve earned it!

  • No minimum balance
  • No monthly maintenance fee
  • No per check fees
  • Free return of front check images
  • Free easy to balance monthly statements
  • Free Online Banking
  • Free Bill Pay
  • Free eStatements available
  • Free Debit Card
  • Free notary service
  • ACH payment/Direct Deposit available
  • Free Cashier’s Checks
  • Free Money Orders
  • Free Checks (limited style selection) or unlimited 50% discount on personal style check selection 

VIP Checking Account

Enjoy competitive rates and features on your checking while avoiding monthly fees by maintaining a minimum balance.

  • $750 opening and minimum balance
  • Below minimum a $5 maintenance fee
  • Must maintain a minimum average daily balance of $750 to obtain the disclosed annual percentage yield
  • No per check charge
  • Unlimited check writing
  • Free return of front check images
  • Free easy to balance monthly statements
  • Free Online Banking
  • Bill Pay available
  • Free eStatements available
  • Free Debit Card
  • Free notary service
  • ACH payment/Direct Deposit available
  • The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change

HSA or Montana Medical Accounts*

A Health Savings Account (HSA) is a federal and state tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents.  A Montana Medical Account is a state tax-exempt trust or custodial account established excusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents.  They are designed for people who are covered with a high-deductible health plan (HDHP).  Unlike a flex plan, your HSA and Montana Medical money rolls over from one year to the next.  Before opening either account please check with your tax advisor on eligibility requirements.

  • $25 opening and minimum balance
  • $15 annual fee (HSA only)
  • Below minimum, $2 maintenance fee per month
  • Interest paid monthly on an average daily balance with rate subject to change
  • No per check fees
  • Free return of front check images
  • Free easy to balance monthly statements
  • Free Online Banking
  • Bill Pay available
  • eStatements available
  • Free Debit Card
  • The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual
  • percentage yield for these tiers may change
  • * Consult your tax advisor for eligibility requirements.

Other Checking Account Related Services

  • Additional services available for a nominal fee:
    -  Stop Payment Orders
    -  Research/ Account Reconciliation
    -  Online Bill Pay
  • Debit Cards
    - Free use of our ATM’s
  • 1st repalcement card free; $15 thereafter
  • ISA Fee: Up to 1% of the transaction amount in U.S. dollars for international transactions
  • No cards issued with savings accounts only

Overdraft Protection

Guard against returned checks with overdraft protection.

Independence Bank has two options to protect you against the embarrassment and costs associated with returned checks.

Savings Account Funds Transfers

You can set up an automatic transfer option from any savings account or another checking account at Independence Bank.  The advantages of choosing the automatic transfer from another account are:

  • There are no interest charges, unlike a line of credit
  • The limit for your overdraft coverage is as large as your alternative account balance
  • Details of your automatic transfer will be included on your monthly statement or can be accessed 24/7 on our online banking or telephone banking systems.

Federal Banking law sets a limit of six preauthorized transfers on savings accounts per month.  Transfers initiated by a Savings Account Transfer are included in this limit.

Security Reserve

Security Reserve is a revolving overdraft line of credit that is tied to your checking account and is automatically advanced when your account is overdrawn.  Security Reserve is a loan product which requires a separate application process, assesses interest charges when advanced upon and, like any loan product, is based upon approved credit qualifications.  Some advantages of Security Reserve include:

  • Peace of mind, knowing that unintentional errors or omissions in your checkbook will be covered up to the amount of your line of credit.
  • Security Reserve balances can be repaid with scheduled monthly payments
  • Details of your Security Reserve transactions will be included on your monthly statement or can be accessed 24/7 on our online banking or telephone banking systems.

Please talk to our friendly staff about adding Overdraft Protection to your checking account today or click here to fill out an online application.