Know How Your Account Stacks Up - BankMobile Disbursements
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Your school has chosen to partner with BankMobile Disbursements to deliver your financial aid refunds. Your options* include:

DEPOSIT TO AN
EXISTING ACCOUNT 

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Get Your Money in One
to Two Business Days

DEPOSIT TO A BANKMOBILE
VIBE CHECKING ACCOUNT 

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Get Your Money
Same Business Day
GET STARTED!

*At some schools paper check is an option. You are not required to open a BankMobile Vibe checking account.

When considering what checking account is best for you, ask yourself:

Are there monthly service fees, overdraft fees and ATM withdrawal fees?
Are there mobile banking app capabilities?
Are there budgeting and spending tools?
Does my bank have branches?
Is there a minimum account opening balance?
Are there convenient security features like a debit card on/off switch?
Is there a rewards program?
Are there essential features such as mobile deposits, free checks and free online bill pay?

Choosing how you receive your refund is an important choice so see how these checking accounts stack up.

Fees WELLS FARGO CHASE BANK OF AMERICA
Account Type/Name Student/Vibe Checking Student/Everyday Checking Student/Chase College Checkingsm Student/Core Checking
Monthly Fee for Students $01 $0
(Must be linked to Campus ATM Card or Campus Debit Card)
$0
(Up to 5 years while in college for students 17-24 years old)
$0
(Student must be under 24)
Monthly Fee for Non-Students $5.95 $10 $6 $122
Non-Student Options to Waive Monthly Fee $300 or more direct deposit $500 direct deposit Or, $1,500 min. daily balance Or, 10 posted debit card purchases/payments Any direct deposit Or, avg. daily balance $5000 $250 direct deposit Or, maintain min. daily balance of $1,500
Overdraft Fees $0 $35 $34 $35
Out-of-Network ATM Fee $3
within the U.S.
$2.50
within the U.S.
$2.50
within the U.S.
$2.502
within the U.S.
Stop Payment Fee $0 $31 $30
($25 online or automated phone)
$302
Cashier's Check Fee $0 $10 $8 $102
Outgoing Wire Fee $25
(Domestic)
$30
(Domestic)
$25 Online or $35
(Domestic)
$30
(Domestic)

1 Students are defined as those who have received a financial aid refund deposit to their BankMobile Vibe checking account in the past 6 months or self-identified as a student by logging in to their program website every 6 months and updating their enrollment status.

2 Bank of America Preferred Rewards allows for Monthly Service Fee, Out-of-Network ATM Fee, Stop Payment Fee and Cashier’s Check Fee to be waived.

 

*This information was obtained from the Wells Fargo, Chase and Bank of America fee schedules as of 5/1/2017. See these fee schedules for more details.

WELLS FARGO CHASE BANK OF AMERICA
Account Type/Name Student/Vibe Checking Student/Everyday Checking Student/Chase College Checking Student/Core Checking
Approximate Number of Free ATMs 55,000 13,000 16,000 16,000
Approximate Number of Branches 0 6,000 5,200 4,700
No Minimum Opening Balance check no no no
Mobile App check check check check
Money Management Tools check check check check
Recognition for Academic Achievements check no no no
Mobile Bill Pay check check check check
Debit Card On/Off Switch check no no check
Mobile Check Deposit check check check check

*This information was obtained from the Wells Fargo, Chase and Bank of America websites as of 5/1/2017.

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