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Effective February 20, 2019

A Guide to BankMobile Services and Fees

It's important to understand how your account works. This guide lists the fees and key terms associated with your account. Some fees may vary by school program and account type. Please log in to see the fees associated with your specific account and learn about ways to manage your money responsibly.


    BankMobile Vibe Checking Account and BankMobile Interest Checking Account Fee Schedule

    Overview of Fees for the Vibe Checking Account and Interest Checking Account

    We offer an FDIC-insured checking account. Although you're not required to open it, it's one of the options to receive your refunds electronically. If you choose this account, you can continue to use this account as your primary account after graduation.
    Monthly Service Fee Per purchase ATM withdrawal Cash reload Overdraft
    $1.99
    $0 with a deposit of $300 or
    more per statement cycle
    $0 $0 in-network
    $3.00 out-of-network
    $4.95
    or less
    $0
    Insufficient funds fee for returned or paid item $24
    ATM balance inquiry (in-network or out-of-network) $0
    Customer service (automated or live agent) $0
    Inactivity $0
    2 other types of fees:
    Outgoing Wire Fee $25.00
    Card Replacement Fee 0.0

    You can access all of your funds for free with online bill pay, personal or official checks and using over 55,000 Allpoint ATMs.

    Account Usage

    Use Allpoint® Network and Customers Bank ATMs to avoid ATM fees.

    Fee Name

    Fee

    Explanation

    Minimum deposit to open account

    $0

    There is no minimum opening deposit for this account.

    Monthly Service Fee

    $1.99

    $0 with a deposit of $300 or more per statement cycle

    You may avoid this fee by having a deposit of $300 or more in a given statement cycle. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits and cash deposits such as those made via Green Dot® Reload @ the Register™.

    Financial aid refunds or other refunds issued by your school, internal account transfers, fee waivers, fee credits, returned items, or dispute credits are not eligible toward the $300 in total deposits.

    The monthly service fee will only reduce an account to a zero balance, which may result in customers being charged less than $1.99 per statement cycle.

    The monthly service fee will not be assessed to accounts affiliated with our partner schools located in the state of Washington.

    ATM fee for using Allpoint Network ATMs, Customers Bank ATMs or on-campus Cardtronics ATMs

    $0

    There is no fee for using an Allpoint Network or Customers Bank ATM.

    Find an Allpoint Network or Customers Bank ATM.

    ATM cash withdrawal fee

    $3.00 at a non-Allpoint Network ATM, non-Customers Bank ATM or off-campus Cardtronics ATM.

    (Plus any fees the ATM owner may charge)

    You withdrew cash at a non-Allpoint Network ATM or non-Customers Bank ATM.

    Make sure you use FREE Allpoint Network or Customers Bank ATMs.

    Overdrafts

    BankMobile does not provide overdraft protection services.

    Fee Name

    Fee

    Explanation

    Insufficient funds fee for returned or paid item

    (No insufficient funds fees on card transactions)

    $24 per item

    An insufficient funds fee (ISF) for returned/paid items occurs when you spend more money than is available in your account by making payments via an e-check, paper check, or ACH.

    We will not charge an insufficient funds fee if your account has a negative balance for sixty (60) consecutive days.

    If debits presented against your account on the same day will overdraw the available balance in your account by $5 or less, this per item fee will not be assessed. See example in the Account Terms and Conditions section De Minimis Insufficient Fund (ISF) Fees.

    We will reimburse you if we charge you more than one ISF fee with respect to a single ACH transaction that is returned unpaid within any 21-day period. Reimbursement will occur on the next business day after we charge the ISF fee. We will also monitor your account and if you incur an ISF fee as a result of our reimbursement process we will credit you for that fee.

    We will close your account when you incur $500.00 or more insufficient funds fees during any calendar year.

    Maximum number of insufficient fees for returned or paid items charged per day

    3 charges per day

    The maximum number of insufficient funds fees for returned or paid items charged is thee per day. The same item may be submitted multiple times to your account.

    Unavailable funds fee for returned or paid item

    $0 per item

    No unavailable funds fees will be charged for any transaction.

    BankMobile will not authorize ATM withdrawals or one-time or recurring debit card transactions when there is not enough money in your account.

    Other Fees

    Fee Name

    Fee

    Explanation

    Outgoing wire transfer (domestic) fee

    $25

    The fee will be charged for each transfer requested by you that is debited from your account and delivered to another U.S.-based bank account via wire.

    Green Dot® Reload @ the Register™ fee

    $4.95 or less

    Ask the cashier to add cash directly to your card at participating retailers. A fee of $4.95 or less is charged by Green Dot per deposit. This fee is paid at the register. You can add any amount from $20 to $500 per day as long as card limits are not exceeded.

    BankMobile Savings Account Fee Schedule

    Account Usage

    Use Allpoint® Network and Customers Bank ATMs to avoid ATM fees.

    Fee Name

    Fee

    Explanation

    ATM fee for using Allpoint Network ATMs, Customers Bank ATMs or on-campus Cardtronics ATMs

    $0

    There is no fee for using an Allpoint Network or Customers Bank ATM.

    Find an Allpoint Network or Customers Bank ATM.

    ATM cash withdrawal fee

    $3.00 at a non-Allpoint Network ATM, non-Customers Bank ATM or off-campus Cardtronics ATM.

    (Plus any fees the ATM owner may charge)

    You withdrew cash at a non-Allpoint Network ATM or non-Customers Bank ATM.

    Make sure you use FREE Allpoint Network or Customers Bank ATMs.

    Additional Information

    Processing Policies

    Posting order (the order in which deposits and withdrawals are processed)

    Summary

    Typically, we post credits first and will pay all other items by type in the date and time order of the transaction received unless a) it is a check or a converted check that contains a serial number or b) a date and time stamp is not present. Items with serial numbers will be paid in serial number order and items without date and time stamps will be paid in the order they are received.

    Funds Availability Schedule

    When funds deposited into your account are available. For more information please refer to the Funds Availability Policy contained in the Account Terms and Conditions.

    Funding Type

    Availability

    Direct deposit

    Same business day

    Green Dot® Reload @ the Register™

    Same business day

    Wire transfer

    Same business day

    U.S. Treasury checks

    Next business day

    State or local government checks

    Next business day

    Cashier, certified, and teller's checks

    Next business day

    Federal Reserve Bank checks, Federal Home Loan Bank checks, and U.S. Postal Service money orders

    Next business day

    Mobile Deposit (EasyDeposit℠)

    Second business day

    Other paper checks

    Second business day

    Other money orders (e.g. MoneyGram or Western Union)

    Second business day

    Transfer Money

    Third business day

    In certain circumstances, we may delay the availability of all or a portion of the funds deposited to your account beyond the time frames listed above.

    Please refer to the Funds Availability Policy for further information about delays in the availability of funds.

    Dispute Resolution

    Summary of agreement

    Your account is governed by the Account Terms and Conditions and Account Related Disclosures.
    Please refer to this Agreement for complete account details.

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