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iGObanking Review: A Comprehensive Guide to Online Banking

Updated: Sep 26, 2023

In today's fast-paced digital world, online banking solutions are becoming increasingly popular due to their convenience and competitive rates. iGObanking, the online division of Flushing Bank, aims to provide customers with efficient and user-friendly banking services.

In this comprehensive review, we'll cover iGObanking's features, pros and cons, security measures, customer support, and how it compares to its main competitors, helping you decide if iGObanking is the right choice for you.

What is iGObanking?

iGObanking is a fully digital banking platform that offers a wide range of financial products and services. As the online division of Flushing Bank, iGObanking aims to provide customers with convenient and efficient banking solutions, featuring competitive interest rates and low fees.

How does iGObanking Work?

Opening an account with iGObanking is a simple process that can be done entirely online. Customers can choose from various banking products such as checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). Once an account is opened, users can access and manage their funds through the iGObanking website or mobile app.

What Features does iGObanking have?

iGObanking offers several features that make it stand out as an online banking solution:

  • High-yield savings accounts: iGObanking's savings accounts offer competitive interest rates to help customers grow their money faster. These accounts require no minimum balance and have no monthly maintenance fees.

  • Interest-bearing checking accounts: Customers can earn interest on their checking account balances while enjoying low fees and no minimum balance requirements.

  • Flexible CDs: With various term lengths and interest rates, iGObanking's CDs provide a secure investment option for customers. Minimum deposit requirements and early withdrawal penalties may apply.

  • iGObanking money market accounts: These accounts offer higher interest rates than regular savings accounts, along with limited check-writing privileges and debit card transactions. A minimum balance may be required to avoid monthly fees.

Security Features

iGObanking ensures the security of customers' information and funds by implementing various security measures, such as:

  • Multi-factor authentication for account access

  • Secure Socket Layer (SSL) encryption technology to protect data transmission

  • Regular monitoring and fraud detection systems

Customer Support

iGObanking offers customer support through various channels, including phone and email. Their customer service representatives are available during business hours, and customers can also find self-help resources on the iGObanking website, such as FAQs and troubleshooting guides.

What are the Pros and Cons of iGObanking?

Before choosing iGObanking, consider the following pros and cons:


  1. Competitive interest rates on savings accounts, CDs, and money market accounts

  2. Low fees and no minimum balance requirements for checking accounts

  3. Easy-to-use online and mobile banking platforms

  4. FDIC-insured accounts for added security


  1. No physical branches for in-person banking services

  2. Limited account types compared to traditional banks

  3. No investment products or credit cards available

iGObanking vs. Competitors

iGObanking faces stiff competition from other online banks. Here's a brief comparison with some of its main competitors:

  1. Chime: An online bank that offers fee-free checking and savings accounts, along with automatic savings features and early direct deposit. Chime has no minimum balance requirements and provides a user-friendly mobile app.

  2. One Finance is another online banking option with high-yield savings accounts, no monthly fees, and a user-friendly mobile app. They also offer a unique "Pockets" feature to help users manage and save money more effectively.

  3. Ally Bank: A well-established online bank offering a full range of financial products, including checking and savings accounts, CDs, loans, and investment services. Ally Bank is known for its competitive rates, 24/7 customer support, and highly-rated mobile app.

  4. Marcus by Goldman Sachs: This might be one of the more prestigious names in the online banking arena. Goldman Sachs has a well-established reputation as a world-leading investment bank. Their flagship offers are high-yield accounts and CDs which both come with highly competitive rates.

  5. Axos Bank: Axos is on Forbes short list of best online banks. They have a broader range of offerings vs the competition while still providing great interest rates and features on their accounts.

  6. Capital One 360: 360 is the only bank on the list that seamlessly blends online with brick & mortar, a key benefit that many really prefer. The presence of physical locations does reduce the interest rates they can offer, but that is a tradeoff that many consumers are willing to make.

While iGObanking provides competitive interest rates and a user-friendly platform, other online banks may offer additional features or a broader range of financial products. It's essential to consider your unique financial needs and preferences when choosing an online bank.

User Experience

iGObanking's website and mobile app are designed with a focus on user-friendliness and accessibility. The platforms offer intuitive navigation and a clean interface, making it easy for customers to manage their accounts, transfer funds, and view transaction history. The mobile app is available for both iOS and Android devices and includes features such as mobile check deposit and account alerts.

Customer Testimonials and Reviews

Many customers appreciate iGObanking's competitive interest rates, low fees, and easy-to-use platform. They have also highlighted the bank's efficient customer support, praising their helpful and knowledgeable representatives. However, some users have expressed a desire for additional financial products, such as credit cards and investment options.

Frequently Asked Questions (FAQs)

Q: Are iGObanking accounts FDIC-insured? A: Yes, iGObanking accounts are FDIC-insured up to the maximum allowed by law, currently $250,000 per depositor.

Q: Can I deposit cash into my iGObanking account? A: iGObanking does not accept cash deposits. You can fund your account through direct deposit, mobile check deposit, or by transferring funds from another bank.

Q: Does iGObanking offer joint accounts? A: Yes, iGObanking allows customers to open joint checking, savings, and money market accounts.


In conclusion, iGObanking is a solid choice for individuals seeking a straightforward online banking solution with competitive interest rates and low fees. While it may not provide the full range of services offered by traditional banks or other online alternatives, iGObanking's user-friendly platform and attractive rates make it worth considering for those prioritizing convenience and digital banking.

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