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finder.com’s rating: 4.5 / 5.0
★★★★★
$0 per month
Fee
Up to 0.50%
APY
$0
Minimum deposit to open
APY | 0.50% on balances of $0 to $15,000.99 0.01% on balances of $15,001+ |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
ATMs | 55,000 ATMs around the world — including over 40,000 in the US |
ATM transaction fee | $0 |
Out-of-network ATM fee | $3 |
Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
The BankMobile Vibe Up checking account sets itself apart for its student rewards program and 0.5% APY on balances up to $15,000.99. But anything more than that earns a low interest rate of 0.01%, and cash deposits are inconvenient.
If you’re interested in learning more about the account when it launches, follow these steps:
The BankMobile Vibe Up account is linked to an app and comes with a debit card that can be used anywhere that accepts Mastercard. It also has these unique benefits:
BankMobile offers fee-free access to 55,000 AllPoint ATMs worldwide. In the US, the ATMs are located in retailers like Costco, CVS, Kroger, Kmart Walgreens, Target and Safeway. To find one close to you, enter your ZIP code on the AllPoint website.
There’s no charge if you check your balance at an out-of-network ATM. But if you withdraw cash, you’ll need to pay a $3 fee. The ATM operator may charge additional fees.
The maximum daily ATM withdrawal limit is $500.
At the time of writing, the checking account has a waitlist. Consider these drawbacks before joining the waitlist:
The account is currently waitlisted. If you want your money to start working for you now, compare checking accounts.
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We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.