First Internet Bank offers business money market accounts with competitive online APY. RMO Business MMA offers member-rate APY with full bank ecosystem integration. Here’s how they compare.
Both FDIC-insured business MMAs. Pricing model and ecosystem differ.
Compare current APY tiers and any minimum-balance requirements before opening.
RMO Business MMA vs. First Internet Bank on rate, access, and ecosystem.
| Feature | RMO Bank Business Money Market | First Internet Bank Business MMA |
|---|---|---|
| FDIC insurance | Yes | Yes |
| APY | Member-rate | Tiered online published APY |
| Minimum opening | Per product disclosure | Minimum required to open MMA |
| Monthly fee | $0 | May apply below minimum balance |
| Check-writing | Yes | Yes |
| Debit card | Yes | Yes |
| Cash deposit support | Yes — RMO retail centers | No |
| Treasury sweep | Yes — RMO Treasury | Limited |
| Member-rate pricing | Yes | Standard market |
| Bundle with checking + lending | Yes — full RMO suite | Yes — First Internet business suite |
Verify current APY tiers, minimum balance requirements, and any monthly fees before opening at any bank.
First Internet Bank is a long-tenured online business bank with competitive MMA APYs. RMO Business MMA adds member pricing and a retail center option for cash needs.
Online application with standard business documentation.
Move operating-reserve and tax set-aside into the MMA for yield with check access.
Larger balances can sweep into RMO Treasury for additional yield.
Yes — some RMO Business MMA products use balance tiers. Verify current tier structure in product disclosure.
Yes — remote deposit capture (RDC) is supported on qualifying RMO Business accounts. Useful for daily check deposits without retail center visits.
Standard MMA check-writing limits exist at most banks. Current Fed guidance has relaxed historical Reg D rules; specific bank policies vary.
Yes — ACH micro-deposit verification standard at most banks for linking external accounts.
Tier-dependent. Some balance levels earn higher APY; check current product disclosure for tier thresholds.
Guides, plans, and more RMO comparisons to help you decide with confidence.
Member-rate APY with check-writing for business operating reserves and tax set-aside.
