If you’re a financial technology platform moving funds for your customers, or you have large corporate balances, we offer custom pricing. Contact us for details.
Technology Fees
Monthly fee
Monthly fee
Monthly fees for users building on Increase vary by use case Contact Sales to learn more
ACH Processing
ACH origination
Same-day ACH origination
$2.00
Next-day ACH origination
$0.50
ACH returns
Unauthorized returns¹
$15.00
All other returns
$5.00
Late return request processing
$25.00
Wire Processing
Wire origination
$15.00
Wire drawdown origination
$15.00
Check Issuing
Check printing and mailing fulfilled by Increase
$3.00
Check printing and mailing fulfilled by a third party
If you want to bring your own check fulfillment provider, contact Sales
Check Deposit
Remote deposit capture
Free
Check returns
$10.00
Card Processing
Virtual card creation
$0.25 per card
Physical card creation
First 5 physical cards free For additional physical cards, as well as other value-added card services, contact Sales
Real-Time Payments Processing
Real-Time Payments origination
$0.50
Request for Payments origination
$0.50
Account Numbers
Account number fee
First 10 account numbers free For additional account numbers, contact Sales
Overdraft Fees
There are no overdraft fees.
Interest
Funds accrue interest when they are in a standard bank account opened directly through the Increase website. Interest is paid to you by the bank.
The interest rate on your account is based on the Effective Federal Funds rate (EFFR) minus a margin of 100 basis points; or at the bank's discretion, the interest rate on your account may be changed at any time.
The interest rate for your account will never be less than 0%.
Interest will be compounded on a monthly basis. Interest will be credited to your account on the first day of each month for the month prior. If you close your account before interest is credited, you will not receive the accrued interest.
The bank uses the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Note: By default, custodial bank accounts and bank accounts opened through another platform do not accrue interest.
Dormant / Abandoned Account Fees
Accounts that are inactive for over 12 months will be considered dormant and will be charged a fee of $5 per month. In order to return a dormant account to active status, you must complete a transaction. If your account remains dormant for a time period specified by your state’s law, it may be classified as abandoned and turned over to that state according to its procedures. To recover your funds, you must file a claim with the applicable state agency.
¹ Unauthorized ACH returns include Return Reason Codes R05, R07, R10, R11, R29 and R51.
Banking services provided by First Internet Bank of Indiana, Member FDIC. Increase is a financial technology company, not a bank. Cards Issued by First Internet Bank of Indiana, pursuant to a license from Visa Inc. Deposits are insured by the FDIC up to the maximum allowed by law through First Internet Bank of Indiana, Member FDIC.