The Checking Account is a deposit account offered through First Internet Bank of Indiana, Member FDIC. Ramp is not a bank, and bank deposit services are provided by First Internet Bank.

When you open a Ramp Checking Account, you are opening a deposit account at First Internet Bank.

Upon opening a Ramp Checking Account, you will start receiving Annual Percentage Yield (APY) on eligible funds in your Ramp Checking Account. Interest is paid by First Internet Bank of Indiana, Member FDIC. The interest rate and APY are variable and subject to change without notice.

See Section A(4) of the Bank Agreement for more information. Interest is disbursed automatically each month in your Ramp Checking Account.

Yes – deposits in a Ramp Checking Account receive FDIC insurance up to tens of millions of dollars per depositor.

Customers with a Ramp Checking Account can use the ICS service provided by IntraFi Network LLC. Ramp is a financial technology company, not an FDIC-insured depository institution. Banking services are provided by First Internet Bank, member FDIC.

Subject to the terms of the applicable ICS Deposit Placement Agreement, First Internet Bank will place deposits at FDIC-insured institutions through IntraFi's ICS service. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks.

Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi's network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

Deposits are insured by the FDIC up to the maximum allowed by law; deposit insurance only covers deposits in the Ramp Business Deposit Account in the event of the failure of the FDIC-insured bank.

Get paid directly into your Ramp Checking Account via ACH, wire, or real-time payments. You can easily transfer funds from your linked bank accounts or receive payments from customers and services like Stripe. Payments typically settle the same day but can sometimes take up to five business days. (Transfer times may vary.)

Use your Ramp Checking Account to pay all your bills. You'll get unlimited free ACH transfers, domestic wires, and international wires when paying through Ramp Bill Pay or issuing reimbursements. Payments toward your Ramp statements settle instantly. You can also let external services debit your Ramp account directly, making it easy to fund payroll or pay vendors outside Ramp Bill Pay.

For existing Ramp customers, it takes less than a minute to open a Ramp Checking Account. Simply navigate to the "Banking" tab in Ramp, click "open a free account", and input how much money you want to deposit. Once the funds are deposited, you will begin earning and can use the funds to pay your Ramp bills.

If you're not yet on Ramp, you can sign up for free today.