What iGObanking does

iGObanking is a digital-first, online-only personal banking division currently operating as a division of OceanFirst Bank, N.A., following the June 2, 2026 merger of its prior parent, Flushing Bank (a New York State chartered stock commercial bank, Member FDIC), into OceanFirst Bank, N.A. The unit serves U.S. retail consumers exclusively through a branchless model: a three-tier web banking platform running on a double-firewall, dedicated-network architecture separating web, application/business-logic, and data tiers; a native iOS/Android mobile app with Touch ID biometric login; and 24/7 telephone banking (live and automated). The product set is narrowly limited to personal deposit accounts — iGOchecking®, iGOsavings® (with a tiered iGOsavings Plus® variant), iGOmoneymarket®, iGOindexmoneymarket (a variable-rate MMA indexed to the Bloomberg FDTR with a $5M balance cap), and iGOcd® fixed-rate certificates — supplemented by mobile remote deposit capture, Zelle P2P payments, online/mobile bill pay, and a MasterCard-branded iGOdebitcard® with Allpoint-network ATM access.

The business earns revenue primarily through net interest income on customer deposits (variable/tiered rates by product and balance threshold) deployed into loans and investments. Secondary revenue is generated from a published fee schedule (wire, stop-payment, official check, legal processing, international ATM withdrawals, 1% international POS fee), debit-card interchange, and ATM-network participation; Zelle, mobile check deposit, and standard online/mobile access are offered without consumer fees. Distribution is entirely digital and partner-mediated — self-serve web/mobile storefront, Apple App Store and Google Play listings, phone support, and the Allpoint Network providing surcharge-free access to 43,000+ ATMs across all 50 U.S. states — with awareness generated through content-led organic search, social share buttons, app stores, and limited earned-media placements. Customer segments are horizontal across retail consumers, with deliberate attention to savings-oriented and CD/IRA investors and an accessibility-focused cohort served via a WCAG 2.0-aligned website, TTY/TDD lines, and free reader services.

Name

iGObanking

Legal name

iGObanking, a Division of OceanFirst Bank, N.A.

Website

https://igobanking.com

Company type

Private

Founded year

2006

Operating status

Operating

Short description

iGObanking is an online-only personal banking division of OceanFirst Bank, N.A. (formerly of Flushing Bank) offering U.S. retail consumers checking, savings, money market, and CD products through web, mobile, and the Allpoint ATM network.

Ownership category

akta.pro rank

Product category

Retail / Online Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Online banking services
• Consumer deposit products
• Retail savings accounts
• Certificates of deposit
• Mobile banking platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Net interest income on deposits: Bank earns interest income by deploying customer deposits (savings, money market, CDs, checking) into loans and investments; customers receive variable/tiered rates (e.g., iGOsavings Plus tiers at $0–$5K, $5,001–$25K, $25,001+; iGOmoneymarket tiers at $25K–$74,999, $75K–$99,999, $100K+; iGOindexmoneymarket tied to Bloomberg FDTR; CDs at fixed rates).
2. Deposit account and service fees: Schedule of fees effective 1/31/2023 including: Printout of Statement ($10), Stop Payment ($20), Photocopy of Paid Check ($6), Duplicate Statement ($5), Account Research & Reconciliation ($20/hr min), Return Mail Handling ($10), Official Check ($5), Stop Payment of Official Check ($4–$6), Legal Process ($100), Domestic Wire In ($15), Abandoned Property Transfer ($25), Verification of Deposit ($10), Replacement of lost ATM/Debit Card ($10), Out-of-Network International ATM withdrawal ($3), 1% International Point-of-Sale fee. No monthly maintenance or low-balance fees on most products.
3. Debit card interchange and ATM network revenue: Revenue derived from MasterCard-branded iGOdebit card point-of-sale transactions and ATM usage; ATM out-of-network fees and foreign transactions (1% of transaction amount plus $3 international ATM) plus interchange from card transactions.
4. Zelle and core online/mobile banking services (no-fee to consumer): Zelle service is offered with no consumer fee; bill pay, transfers between iGObanking accounts, and standard mobile/online banking access carry no charge — revenue contribution is indirect via funded account balances and reduced churn.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

iGObanking is a digital-first, branchless consumer banking platform offering FDIC-insured deposit products — checking, savings, money market, and certificates of deposit — to individual U.S. customers via a web portal and native iOS/Android mobile app. The bank delivers 24/7 self-serve account access, mobile remote deposit capture, person-to-peer payments via Zelle, MasterCard-branded debit card transactions, and ATM access through the Allpoint surcharge-free network, without operating any physical branches.

Product overview

iGObanking is a digital-first personal banking platform (currently a division of OceanFirst Bank, N.A., and formerly of Flushing Bank) built around a unified Online Banking web experience and the iGObanking Mobile Banking app. The core platform is anchored by four deposit-account products — iGOchecking®, iGOsavings®, iGOmoneymarket®, and iGOcd® (with the additional iGOsavings Plus®, iGOchecking Plus® and iGOindexmoneymarket variants) — and is extended through several integrated digital service modules: Mobile Check Deposit (remote deposit capture), the iGOdebitcard® MasterCard, Bill Payment, and Zelle® person-to-person transfers. Customers access all of these products through the same iGObanking Online Banking login, while the mobile app adds SMS Text Banking, Touch ID® biometric login, and account alerts, and the platform is complemented by 24/7 Telephone Banking and a surcharge-free Allpoint™ ATM network.

Differentiator

Problem solved

Functional benefit

Brands

• iGOchecking®: Noninterest-bearing checkless checking account (iGOchecking); iGOchecking Plus® is an interest-bearing checkless checking account that is no longer offered.
• iGOsavings®
• iGOmoneymarket®
• iGOindexmoneymarket
• iGOcd®
• iGOdebitcard®

Products and services

• iGOchecking A noninterest-bearing, checkless consumer checking account with a $100 minimum opening deposit, no monthly maintenance fees, no overdraft or insufficient funds fees, and no minimum balance requirement. Includes a MasterCard iGOdebitcard, direct deposit support, and 24/7 online and mobile account access.
• iGOsavings An online variable-rate consumer savings account with a $100 minimum opening deposit, no service fees, no monthly minimum balance requirements, daily compounding with monthly crediting, and mobile check deposit support.
• iGOsavings Plus A tiered variable-rate savings account with three balance tiers ($0–$5,000; $5,001–$25,000; $25,001+), daily balance method, monthly compounding, and a reward credit paid on balances up to $25,000 when an iGOchecking account is maintained at a $1,000+ minimum average monthly balance.
• iGOmoneymarket A tiered variable-rate consumer money market account with three balance tiers ($25,000–$74,999; $75,000–$99,999; $100,000+), a maximum balance of $500,000, and daily compounding, combining CD-like security with savings-account accessibility.
• iGOindexmoneymarket An index-linked variable-rate money market account whose rate is tied to the Bloomberg FDTR (upper bound of the Federal Funds Target Rate) with monthly reset. Balances earn 0% of the Index below $25,000 and 85% of the Index at $25,000 and above; maximum balance $5,000,000. No monthly maintenance or minimum balance fees.
• iGOcd A consumer fixed-rate certificate of deposit requiring a $1,000 minimum opening deposit and offering a variety of term lengths, daily compounding with monthly crediting, automatic renewal at maturity with a 7-day grace period, and tiered early-withdrawal penalties of 3 months to 1 year of simple interest depending on original maturity.
• iGObanking Online Banking A web-based online banking platform providing 24/7 account access for balance inquiries, transaction history (up to 180 days), internal fund transfers, eStatements, bill payment, secure messaging, and alerts. Accessible via supported browsers (Microsoft Edge, Google Chrome, Mozilla Firefox, Safari) on Windows 8+ or macOS 10.13+.
• iGObanking Mobile Banking App A native mobile banking application for iPhone, iPad, Android, and browser-compatible cell phones (Apple App Store id808421625; Google Play com.igoflushingbank415002.mobile) that lets users check balances, pay bills, view account history, transfer funds, deposit checks via mobile remote deposit capture, and access SMS Text Banking. Supports Touch ID biometric login on supported iPhones.
• iGOdebitcard A MasterCard-branded debit card available to iGOchecking account holders providing ATM access (including surcharge-free Allpoint Network ATMs) and point-of-sale purchases up to $1,500 per day. International transactions incur a 1% fee and currency conversion is handled by MasterCard.
• Zelle Send and Receive Money A person-to-person money transfer service accessed within the iGObanking mobile app, enabling customers to send, request, and receive money using U.S. mobile phone numbers or email addresses through the Zelle Network. Transfers typically complete within minutes; initial send limit $1,500 per day with a maximum $1,500 per transaction. No consumer fee.

Quantifiable outcome

• Up to $15 per statement cycle rebate on other-bank domestic ATM surcharge fees for iGObanking Checking accounts
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• OceanFirst Bank, N.A.flagshipStrategic or Co-development PartneriGObanking is now operating as a division of OceanFirst Bank, N.A. Effective June 2, 2026, Flushing Bank merged with and into OceanFirst Bank, N.A., making iGObanking a division of the surviving bank. All customer agreements, FDIC-insured status, and account systems are transitioning to OceanFirst Bank. OceanFirst Bank N.A. is the parent banking entity backing iGObanking.
• Flushing BankflagshipStrategic or Co-development PartnerFlushing Bank is the prior parent of iGObanking (iGObanking® is a registered trademark and a Division of Flushing Bank). All Flushing Bank deposits, including iGObanking.com and BankPurely® divisions, share a single FDIC insurance coverage. Effective 2026-06-02, Flushing Bank merged into OceanFirst Bank, N.A. and ceased to exist as a separate entity.
• Zelle / Early Warning Services, LLCcoreTechnology or IntegrationZelle and Zelle-related marks are wholly owned by Early Warning Services, LLC and used by iGObanking under license. Zelle is integrated into the iGObanking mobile app for fast P2P payments to and from users enrolled at any of the 2,200+ partner banks/credit unions in the U.S. iGObanking does not charge consumer fees for Zelle.
• Allpoint NetworkcoreChannel Partner/ Reseller/ DistributorATM distribution partnership giving iGObanking customers surcharge-free access to over 43,000 ATMs in all 50 U.S. states. iGObanking clients do not incur a surcharge fee from Allpoint for using their ATM network; other-bank domestic ATM surcharges up to $15 per statement cycle are rebated on Checking accounts.
• MasterCardcoreOEM/ Whitelabel/ Licensing PartneriGObanking issues the MasterCard-branded iGOdebitcard® for checking account holders. MasterCard handles currency conversion for non-USD transactions and processes point-of-sale and ATM transactions; daily POS transaction limit $1,500 per card.
• Federal Deposit Insurance Corporation (FDIC)coreOthersRegulator that insures iGObanking deposits to maximum allowable limits as a division of OceanFirst Bank N.A. (formerly Flushing Bank). iGObanking links to FDIC resources (covered deposits, EDIE estimator) and to the FDIC NY State Department of Financial Services contacts.
• BanksNeverAskThat (American Bankers Association)minorGTM or Marketing PartneriGObanking links out to BanksNeverAskThat, an industry/ABA anti-scam awareness campaign, to help customers spot scams — a marketing/awareness co-promotion tied to deposit-account fraud education.
• Equifax, Experian, and TransUnion (nationwide consumer reporting agencies)minorOthersCustomer-referral partnerships in identity-theft education content: iGObanking directs customers to Equifax (1-800-525-6285), Experian (1-888-EXPERIAN), and TransUnion (1-800-680-7289) to place 90-day fraud alerts and obtain free credit reports via AnnualCreditReport.com.
• NYS Department of Financial ServicesminorOthersRegulatory/state banking department referenced as Consumer Assistance Unit contact (One Commerce Plaza, Albany, NY 12257) for iGObanking customers; iGObanking account agreement is governed by New York state law to the extent not preempted by federal law.
• Federal Trade Commission (FTC)minorOthersGovernment agency referenced for identity-theft resources, including consumer.ftc.gov/features/identity-theft and Identity Theft Clearinghouse; iGObanking directs customers to FTC complaint channels for ID-theach defense.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Discover Bank: Online savings, money market, and CD products distributed under the Discover brand, with no monthly fees — a comparable online deposit franchise attached to a larger payments business.
• Synchrony Bank: Online savings, money market, CDs, and IRA deposits distributed via a digital channel with a partner-heavy distribution model — directly comparable to iGObanking's deposit-only, no-branch approach.
• Ally Bank: Top-3 U.S. direct bank offering online checking, savings, money market, and CDs with no monthly fees and a national ATM network — a direct online-deposit competitor with a much larger deposit base.
• CIT Bank: Online-focused bank offering high-yield savings, money market, CDs, and eChecking — a near-direct competitor in the online-deposit category, with similar fee-light positioning.
• Marcus by Goldman Sachs: Goldman Sachs's online consumer deposit franchise offering high-yield savings accounts and CDs — a branchless, fee-light, digital-first savings/CD brand that competes for the same rate-comparison online deposit customers as iGObanking.
• Barclays Online Banking: U.S. online savings and CD franchise of Barclays — directly comparable as a branchless digital deposit brand targeting rate-sensitive U.S. consumers.
• Capital One 360 (Capital One Bank): Online savings, checking, and CD products under the 360 brand, supplementing Capital One's card business — a comparable branchless digital deposit franchise at materially larger scale.
• American Express National Bank: Online high-yield savings and CDs issued by Amex — comparable branchless deposit brand attached to a much larger consumer-finance parent, competing for the same online savings customer.

Emerging players

• SoFi Bank: SoFi's bank (post-SoFi Technologies charter) offers checking, savings, and CDs alongside lending and investing — an emerging full-stack digital bank whose deposit franchise directly competes with iGObanking's, though with a wider product set.

Broad incumbents

• Charles Schwab Bank: Schwab's banking subsidiary offers checking, savings, and CDs at national scale with no monthly fees and a broad brokerage parent — broader than iGObanking but competes for the same online deposit and cash-management customer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iGObanking