An internally geared bicycle hub is provided with a hub axle, a hub body, a drive member and a gear mechanism for transmitting a rotational drive force from the drive member to the hub body. The hub body and the drive member are mounted in a radially uncoupled manner to the hub axle, so as to be coupled to the gear mechanism. The drive member is supported by axially spaced bearing assemblies, positioned on the inner side of the drive member.