INDIANAPOLIS - First Internet Bank of Indiana's checking accounts tripled from May to November.

The state-chartered, Internet-only bank also said that deposits rose to $175 million during the period, and that its transaction volume and the number of customers with more than one account also increased.

First Internet attributed the growth to a growing acceptance of Internet-only banking, as well as the bank's no-fee interest-bearing checking accounts and unlimited electronic billing and check writing privileges.

"The public is clearly becoming more comfortable with the concept of Internet banking," said David Becker, chairman and chief executive officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.