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Show Review by Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly
(and be a pro when the subject pops up at dinner parties). BankMobile’s checking account is designed specifically for students. The account offers cashback rewards, access to free ATMs around the world and a seamless way to receive school refunds. You’ll also earn up to 1.5% APY on balances less than $1,000.99, otherwise you’ll earn 0.01% APY. But you’ll pay $2.99 a month if you don’t make qualifying deposits of $300 each billing cycle. If you’re looking for a student account with minimal to zero fees, you’ll want to keep looking. As always, compare your options when choosing a checking account. To qualify for this account, you must be a student receiving financial aid at one of BankMobile’s partner universities or colleges. You’ll get a refund selection kit from your school, and from there you can opt to receive your refunds through the BankMobile Vibe account. The kit will walk you through the steps for opening the account and creating a username and password. If you haven’t yet received a refund selection kit or personal code, here’s how you can get one.
Required informationThe application will ask for the following information:
You’ll also need to provide identifying documents, such as:
These drawbacks may sway your decision:
Dip your debit card into 55,000 AllPoint ATMs around the world for free. In the US, the ATMs are located in major retailers, such as Target, Costco, CVS, Kroger, Walgreens and Safeway. To find one near you, search by ZIP code on the AllPoint website. If you withdraw cash from an out-of-network ATM, you’ll have to pay a fee of $3. The ATM provider may charge additional fees. If you’re just checking your balance, you won’t be charged a fee by BankMobile. The maximum daily ATM withdrawal limit is $500. Deposit or withdraw funds to and from your Vibe account in several ways.
What happens to the account
when I graduate, or if I stop receiving financial aid? How can I contact BankMobile?
Who issues the debit
card? What are the spending limits? However, you can’t spend more than $500 a day in PIN-based debit card transactions — including merchant purchases and ATM withdrawals. What do I do if I see an
unauthorized transaction on my account? Then, contact customer care at 877-327-9515 to report the transaction, and cancel your card if necessary. Checking account ratings★★★★★ — Excellent ★★★★★ — Good ★★★★★ — Average ★★★★★ — Subpar ★★★★★ — Poor We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service. Read the full methodology of how we rate checking accounts. Can I transfer money from my BankMobile to another bank?WIRE TRANSFER MONEY FROM BankMobile to ANOTHER BANK ACCOUNT
- There is a $25 fee for every wire transfer. - $10,000 max limit to transfer to own bank acct. - $1,000 max limit to transfer to another person's bank acct. 1.
Does Zelle work with BankMobile vibe?No, BankMobile Vibe does not work with Zelle.
What bank is associated with BankMobile vibe?Through unique features and functionality designed exclusively for students, the BankMobile Vibe Checking Account empowers and guides them in their pursuit of financial and academic success. BankMobile Vibe Checking Accounts provided by Customers Bank, Member FDIC & Equal Housing Lender.
How do you transfer money on BankMobile app?From the mobile app:
Select Transfer | Send and then Make a Transfer. Select the account you want to transfer From and then the account you want to transfer To. Enter the Amount you'd like to transfer. Enter the Date you want the transaction to occur and then tap Continue.
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