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Banks (Finance)

First Internet Bank Introduces Zelle for Eligible Business Customers

Strategic Insights

— 1 min read

First Internet Bank has made Zelle available to its eligible business customers through its digital banking experience and mobile app. This move aims to empower entrepreneurs with seamless financial tools, enabling them to send and receive payments directly between eligible bank accounts in just minutes. Kevin Quinn, Senior Vice President of Consumer and Business Banking, stated that this integration is another tool to help small businesses thrive. Zelle is a payment service integrated into over 2,300 financial institution apps, allowing entrepreneurs and business owners to accept payments, send payments, pay employees, and request payment from customers.

Key Takeaways:

  • First Internet Bank has introduced Zelle for eligible business customers, offering a seamless payment experience.
  • Zelle is integrated into over 2,300 financial institution apps, including First Internet Bank's digital banking experience and mobile app.
  • Business owners can use Zelle to accept payments from customers, send payments to vendors or suppliers, pay employees, and request payment from customers.
  • The integration with Zelle adds to the benefits of First Internet Bank's Do More Business Checking account, which provides unlimited transactions, no minimum balance, overdraft fees, and integrated cash flow analysis tools.
  • The Do More Business Checking account also enables users to link different accounts, including those at other financial institutions, for a comprehensive overview of their finances.
  • Zelle transactions between enrolled users typically occur in minutes, and small businesses should only use Zelle to send and receive money with customers and businesses they trust.

Statistics:

  • Over 2,300 financial institution apps, including First Internet Bank's, offer Zelle as a payment service.
  • Since its launch in 2017, the Zelle network has sent more than five billion digital payments.
  • Zelle is available in the US, and money is available directly in bank accounts generally within minutes when the recipient is already enrolled with Zelle.[^1]

Sources:

  • First Internet Bank: firstib.com
  • Zelle: https://www.zellepay.com
  • Business Wire: https://www.businesswire.com/news/home/20251020163988/en/

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