Get the latest BankMobile promotions and bonuses for new Checking and Savings accounts here.
BankMobile is an online-only bank that offers services strictly online or through their mobile app. Like other online-only banks, you’ll get fewer fees and higher interest rates compared to the big traditional banks.
This bank is trying to set itself apart by making banking easy and available for customers who are tired of high fees and traditional banking experiences. Another mobile banking service to compare them with is Simple.
BankMobile offers Checking Account, Savings Account, and Line of Credit services.
BankMobile Savings Account
With BankMobile’s High Yield Savings Account, you’ll get a high interest rate with no fees or minimums.
- You must also open a Vibe Up Checking Account from BankMobile
- No Monthly Fee
- No minimum balance requirement to receive the APY
- $0 In-Network ATM Fee
- $3.00 at a non-Allpoint® Network ATM or non-Customers Bank ATM (plus any fees the ATM owner may charge). Use Allpoint® Network ATMs and Customers Bank ATMs to avoid ATM fees.
BankMobile Vibe Up Checking Account
BankMobile offers a Vibe Up Checking Account that features no minimum balance requirement, no monthly fees, and no late payment fees, among other free services.
- Spend $300 or more per statement cycle on everyday point-of-sale purchases like groceries, gas, online shopping and more using your BankMobile Vibe Up Debit Mastercard® card.
- At the end of your statement cycle, they will look at your qualifying posted transactions and use your average ledger balance to calculate your earned interest and then apply it to your account.
- Worldwide network of over 55,000 fee-free Allpoint® ATMs.
You can get a comparison of all the best free Checking accounts here.
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