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BankMobile Vibe review

A seamless way to receive refunds and financial aid from your school.’s rating: 4.0 / 5.0


BankMobile Vibe is a checking account for students that rewards you with free ATM access, cashback rewards and incentives to save. You can earn up to 1.5% APY as long as your balance is less than $1,000.99 otherwise you’ll earn 0.01% APY. BankMobile Vibe works as a middleman between you and your school by processing and disbursing funds to students on behalf of their colleges — but it doesn’t work with all schools.

$2.99 per month





Fee$2.99 per month
To waive the feeHave qualifying deposits totaling $300 or more per statement cycle
ATMsOver 55,000 fee-free Allpoint ATMs
ATM transaction fee$0
Out-of-network ATM fee$3
Overdraft fee$0

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).

Expert review

BankMobile’s checking account is designed specifically for students. The account offers cashback rewards, access to free ATMs around the world and a seamless way to receive school refunds. You’ll also earn up to 1.5% APY on balances less than $1,000.99, otherwise you’ll earn 0.01% APY.

But you’ll pay $2.99 a month if you don’t make qualifying deposits of $300 each billing cycle.

If you’re looking for a student account with minimal to zero fees, you’ll want to keep looking. As always, compare your options when choosing a checking account.

How do I open a BankMobile Vibe account?

To qualify for this account, you must be a student receiving financial aid at one of BankMobile’s partner universities or colleges.

You’ll get a refund selection kit from your school, and from there you can opt to receive your refunds through the BankMobile Vibe account. The kit will walk you through the steps for opening the account and creating a username and password.

If you haven’t yet received a refund selection kit or personal code, here’s how you can get one.

  1. Navigate to, and select Get started.
  2. Under the box that says Enter your personal code, select Need a code?
  3. Enter your school name and email address. You may also be asked to provide your school ID number.
  4. Select Continue and provide any further information requested, including your mailing address.
  5. Once complete, you should receive your refund selection kit within 7-10 business days.

Required information

The application will ask for the following information:

  • Personal and contact details
  • School and student ID
  • Social Security number

You’ll also need to provide identifying documents, such as:

  • Your student ID
  • A valid government issued-ID
  • Proof of your physical address

What are the benefits of a checking account with BankMobile?

    Like most checking accounts, BankMobile Vibe comes with a debit card and is connected to an app that makes it easier to manage your money. It also has these unique benefits:
  • Uninterrupted refund delivery. If you receive financial aid or other money from your school, the bank promises you’ll get it on time — every time.
  • Balances earn interest. Balances less than $1,000.99 earn 1.50% APY, and any amount beyond that will earn 0.01% APY.
  • Incentive to save. Through the Passport Recognition Program, students can receive deals and discounts and win cash prizes for smart money management.
  • Supports wire transfers. This is unusual for an online bank. Transfers received before 6 p.m. ET are processed the same business day.
  • Cash back promotions. The bank regularly offers 1% cashback rewards for shopping at participating grocery stores and gas stations. For details, go to the website.
  • Check-writing privileges. You can order a pack of three starter checks from BankMobile. If you want to order a full checkbook, they’ll direct you to a third-party provider.
  • Budgeting tools. The BankMobile app features Money Meter and Snapshot to help you to monitor your spending habits.
  • Financial wellness assessment. BankMobile has teamed with Prudential Financial to help Vibe account holders understand how well they’re spending, planning and protecting their money and assets.

What should I look out for?

These drawbacks may sway your decision:

  • Monthly service fees. It costs $2.99 a month to maintain your account — but BankMobile will waive the fee each billing cycle where you have qualifying deposits of $300 or more.
  • No live chat function. BankMobile offers no online customer service in real time, which is unusual for an online bank. BankMobile does have a Facebook page, and Messenger states that replies typically come in within minutes.
  • Cash deposit fee. You may be charged up to $4.95 when you load cash onto your card at participating retailers.
  • Expensive outgoing wires. Incoming domestic and international wires are free, but you’ll pay $25 when you send a wire.
  • Lack of overdraft protection. BankMobile won’t block transactions that will put your account in the red.

BankMobile’s ATM network and fees

You can dip your debit card into 55,000 AllPoint ATMs around the world for free. In the US, the ATMs are located in major retailers, such as Target, Costco, CVS, Kroger, Walgreens and Safeway. To find one near you, search by zip code on the AllPoint website.

If you withdraw cash from an out-of-network ATM, you’ll have to pay a fee of $3. The ATM provider may charge additional fees. If you’re just checking your balance, you won’t be charged a fee by BankMobile.

The maximum daily ATM withdrawal limit is $500.

Compare with other student checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Finder Rating: 4.2 / 5: ★★★★★
No access to ATMs
Jassby is a virtual debit card for kids, complete with chores and allowance tracking.
Finder Rating: 4 / 5: ★★★★★
Copper is a digital checking account that teaches your teen healthy money habits through interactive quizzes and an intuitive mobile app.
Axos Bank First Checking
Finder Rating: 3.5 / 5: ★★★★★
Axos Bank First Checking
Made for teens ages 13 to 17, this account earns 0.1% APY and has no monthly fees.
Alliant Credit Union Free Teen Checking
Finder Rating: 4.1 / 5: ★★★★★
Alliant Credit Union Free Teen Checking
80,000 ATMs for free
No minimum or maximum balance and no monthly service fee.
Capital One Money
Finder Rating: 4.4 / 5: ★★★★★
Capital One Money
39,000+ Capital One and Allpoint ATMs nationwide
A teen checking account with zero fees.

Compare up to 4 providers

How do I deposit and withdraw my money?

You can deposit or withdraw funds to and from your Vibe account in several ways.

  • Direct deposit. Enroll in direct deposit to send a portion of your paycheck or government benefits straight to your checking account.
  • Wire transfers. Transfer and receive funds from a checking or savings account at another bank.
  • Internal transfers. Move money between BankMobile accounts online or on the app.
  • Cash deposits. Reload your card at participating Green Dot retailers — like Walmart — or purchase a money order and mail it to:
    P.O. Box 445
    Phoenixville, PA 19460
  • Checks. Upload mobile checks directly on the app, or mail paper checks to the address above.
  • Cash back with merchant transactions. Some merchants offer cash back at the register for PIN-based debit card purchases. BankMobile supports this, and doesn’t charge a fee.
  • ATM withdrawals. Access any ATM in the AllPoint network for free. There’s a $3 fee for using out-of-network ATMs.
  • Teller withdrawals. Go to a Customers Bank branch to withdraw cash. You may be subject to a fee.
  • Western Union Direct to Bank transfer. Use Western Union’s service to receive funds in your BankMobile account.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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.

Read the full methodology of how we rate checking accounts.

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