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  BankMobile Vibe Checking

BankMobile Vibe Checking

in Checking Accounts from Customers Bank · Member fdic

Unaffiliated

BankMobile Vibe Checking

Unaffiliated

in Checking Accounts from Customers Bank · Member FDIC

SuperMoney Net Recommendation Score -57

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -57, equating to 1.9 on a 5 point rating scale.

-57

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

1 user recommends
1 user is unsure
5 users don't recommend
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Highlights
Community Rating Strongly not recommended
Monthly Fee $0 - $2.99
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.16% - 1.5%
Number of Reviews 7

BankMobile Vibe Checking Review

BankMobile Vibe Checking is offered by Customers Bank, a bank founded in 1997 and based in Phoenixville, PA. BankMobile Vibe Checking is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.5%, which is much higher than the average for a checking account.However, you must keep a minimum balance of $1000.99.
  • Charges a monthly fee. This account charges a monthly service fee of up to $2.99, but there are ways to waive the fee.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Free bill pay. Pay your bills to practically anyone in the United States through Customers Bank.
  • Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
BankMobile Vibe Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.
BankMobile Vibe Checking FAQ

Are checking accounts from Customers Bank federally insured?

Yes, your Customers Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does BankMobile Vibe Checking offer?

BankMobile Vibe Checking offers an APY starting at 0.16% and ranging up to 1.5% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.99.

BankMobile Vibe Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.16% - 1.5%

What are the account minimums for BankMobile Vibe Checking?

BankMobile Vibe Checking does not require a minimum initial deposit.

BankMobile Vibe Checking Account Minimums
Description Amount
Minimum Opening Deposit $0
APY Minimum Balance $1,000.99
Minimum Direct Deposit to Avoid Monthly Fee $300

What fees does BankMobile Vibe Checking charge?

This account charges a monthly maintenance fee of up to $2.99.

BankMobile Vibe Checking Fees
Description
ATM Fee: In-Network $0
Monthly Fee $0 - $2.99
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $25
ATM Fee: Out-of-Network $3

What features and perks does BankMobile Vibe Checking offer?

This account includes the following features:

  • Fraud monitoring - BankMobile Vibe Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - BankMobile Vibe Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
  • Soft credit pull - BankMobile Vibe Checking performs a soft credit pull so you can check whether you qualify without hurting your credit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $1,000.99
Minimum Direct Deposit to Avoid Monthly Fee $300
Minimum Opening Deposit Starting at $0
ATM Fee: In-Network $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Monthly Fee $0 - $2.99
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $25
ATM Fee: Out-of-Network $3
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Soft Credit Pull
  • Debit Card
  • FDIC Member
  • Student Checking Account
APY (Annual Percentage Yield) 0.16% - 1.5%

BankMobile Vibe Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -57, equating to 1.9 on a 5 point rating scale.

-57

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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