Today, BankMobile provides its “Bank-as-a-Service” platform to colleges and universities and currently serves nearly two million account-holders at nearly 800 campuses (covering one out of every three students in the U.S.). Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. BankMobile provides an alternative banking experience to the traditional model and is focused on technology, innovation, easy-to-use products and education with the mission of being “customer-obsessed” and creating “customers for life.” The disruptive, multi-partner distribution model, known as “Bank-as-a-Service,” created by the executive team enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. For more information about BankMobile, visit #Įstablished in 2015, BankMobile is a division of Customers Bank and America’s largest and fastest growing mobile-first bank offering checking and savings accounts and personal loans. Visit to learn more about BankMobile’s disbursement program. It is also in the top 15 banks in the U.S.in terms of number of consumer checking accounts serviced. With more than two million current account holders, BankMobile is the largest and fastest mobile-first bank in the country. and more than 89 percent of these students choose to receive their refunds electronically. The BankMobile Vibe checking account offers students access to more than 55,000 fee-free Allpoint® ATMs, a one-of-a-kind recognition program and convenient budgeting tools.īankMobile now serves one out of every three college students in the U.S. The use of the disbursements platform will save the schools hundreds of thousands of dollars. Through the partnership, schools can offer digital options to students for depositing funds into existing checking accounts or BankMobile Vibe accounts. “Our staff is thrilled to offer our students a great refund management service and access to the BankMobile Vibe checking account.” “The implementation of the disbursement program, as well as the training with our BankMobile representatives, is off to a great start,” stated Constance Mallette, Vice Chancellor for Finance and Administration at Winston-Salem State University. The new partnerships are with Abraham Baldwin Agricultural College System, Alcorn State University, Arizona Western College, Clark Atlanta University, Coastal Bend College, Florida Polytechnic University, Herzing University, Highline College, Sinclair Community College, Suffolk County Community College, SUNY College of Environmental Science and Forestry, Texas Southmost College, University of North Georgia, Wilson Community College and Winston-Salem State University. We are excited to help financially empower so many new students across the U.S.” “Our approach to banking is customer-centric, and we focus on creating innovative and simple products. “We are continuously partnering with new colleges and universities, providing them with our full-service, seamless solutions for refunds and student checking,” stated Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer at BankMobile. More than 117,000 additional students now have access to BankMobile Disbursements and the optional BankMobile Vibe checking account. New York, NY, Ap(GLOBE NEWSWIRE) - BankMobile, a division of Customers Bank and America’s largest and fastest-growing mobile-first bank, today announced it has partnered with 15 new colleges and universities across the United States.
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