BankMobile Vibe is a low-fee, digital, FDIC-insured checking account, available to students at colleges that partner with BankMobile Disbursements® to disburse financial aid refunds. Students who choose Vibe can also enjoy:
And so much more!
The cost of BankMobile VIBE is based on BankMobile VIBE account holders who made a transaction in the past year, including students who pay no monthly fee, and former students who may pay a monthly fee if monthly deposit requirements are not met. Looking only at enrolled students the savings over traditional checking accounts is even greater.
The cost of competitor fees was generated by a CFPB report on average checking account fees. According to the report, overdraft and NSF fees accounted for more than 75% of total fees and the 18-25 age group incurs more overdraft and NSF fees than any other age group.