Visit to see how BankMobile VIBE stacks up against other student checking accounts. Student checking accounts offered at banks do not cater to the growing non-traditional student segment that often does not qualify for monthly fee waivers on student accounts because they are above age limits set by banks – often 24 or 25. Department of Education, more than one out of every three U.S.
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Students with traditional student checking accounts are guaranteed no such fee restrictions, free access to cash and other protections.Īccording to the Integrated Postsecondary Education Data System (IPEDS), a division of the U.S. BankMobile VIBE account holders can access 55,000 fee-free ATMs worldwide, more than Bank of America (16k), Chase (16k) and Wells Fargo (13k) combined. Department of Education rules against unwanted marketing, overdraft fees and offers of credit. Students who choose BankMobile VIBE are protected by U.S. After students leave campus they can continue to take advantage of BankMobile’s low-cost VIBE account – enabling them to make BankMobile their bank for life. BankMobile VIBE has no opening or minimum balance requirements. BankMobile Disbursements provides disbursement services to nearly 5 million students on 800 campuses (one out of every four college students in the United States). All students at partnering colleges are eligible to receive an account, regardless of prior banking history.
To be eligible for a BankMobile VIBE account, students must attend a school that partners with BankMobile Disbursements. We think this is a disservice to students and we want to turn things around.” “Students are unlikely to qualify for low-fee checking products, ensuring that those who can least afford to pay banking fees pay the most. “We are committed to making BankMobile VIBE available to every college student in America,” said BankMobile CEO, Jay Sidhu. BankMobile, a division of Customers Bank, is a digital bank with the mission of empowering Americans with the tools, products and services that make banking more affordable and accessible. higher education since 2001, announced today that BankMobile VIBE account holders who selected to have their financial aid refunds deposited into BankMobile VIBE accounts save more than $62,000,000 per year in banking fees versus had they deposited their funds into traditional checking accounts. New Haven, CT, J(GLOBE NEWSWIRE) - J- BankMobile, the leading provider of financial aid refund disbursement services in U.S.
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