Effective January 30, 2020

BankMobile Vibe UP Checking Account Fee Schedule
and Interest Rate Information

Overview of Fees for the Vibe UP Checking Account

If you believe that we have incorrectly charged you a fee, you may file a fee waiver claim by logging in, clicking the FAQs logo in the header and then the "Email Support Team" tab.
Monthly Service Fee Per purchase ATM withdrawal Cash reload Overdraft
$0 $0 $0 in-network
$3.00 out-of-network
$4.95
or less
$0
Overdraft or insufficient funds fees
BankMobile does not provide overdraft protection services.
$0
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 $15.00

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

$0

There is no monthly service fee for this account.

Allpoint Network or Customers Bank ATM fee

$0

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

ATM availability varies by location. Find an Allpoint Network or Customers Bank ATM.

ATM cash withdrawal fee

$3.00 at a non-Allpoint Network ATM or non-Customers Bank ATM.

(Plus any fees the ATM owner may charge)

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

ATM availability varies by location. 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

$0 per item

No insufficient 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.

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

Card replacement fee

$15.00

The fee will be charged for each replacement card order.

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.

Vibe UP Checking Account Interest Information

The interest rate and annual percentage yield (APY) on your account is

• An interest rate of 1.00% will be paid for the average daily balances up to $15,000.99. The APY for this tier is 1.00%.

• An interest rate of 0.01% will be paid only for that portion of the average daily balance that is over $15,000.99. The APY for this tier will range from 1.00% to 0.14% depending on the balance in the account assuming a maximum average daily balance of $115,000.

Qualifications: If you meet the $300 or more in qualifying point-of-sale purchases per statement cycle then you will be eligible for interest, otherwise you will earn no interest.

Can the interest rate and annual percentage yield change?

Yes, at any time

The interest rate is determined

Bank discretion

We may change the interest rate on this account

Yes

Interest will be compounded

Monthly

Interest will be credited to your account

Monthly

If you close your account before interest is credited

Interest is forfeited

We calculate your balance by

We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Interest begins to accrue

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest on your account will be compounded and credited on a monthly basis. At the end of your statement cycle date, we will determine the qualifying posted transactions and we will use the average ledger balance for the statement cycle to calculate the interest on your account. If your account is closed before interest is credited, any accrued interest will not be paid. Mobile deposits are subject to verification and not available for immediate withdrawal.

Information regarding fees you may be charged

Is located in the BankMobile Vibe UP Checking Account Fee Schedule

What are the qualifying purchases to earn interest?

Spend $300.00 or more in point-of-sale purchases with your BankMobile Debit Mastercard® per statement cycle. Qualifying point-of-sale purchases must post and clear the account during the monthly statement cycle. Qualifying point-of-sale purchases may take one or more business days from the transaction date to post to the account. ATM transactions and point-of-sale refunds do not qualify.

BankMobile Savings Account Fee Schedule
and Interest Rate Information

Account Usage

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

Fee Name

Fee

Explanation

Allpoint Network or Customers Bank ATM fee

$0

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

ATM availability varies by location. Find an Allpoint Network or Customers Bank ATM.

ATM cash withdrawal fee

$3.00 at a non-Allpoint Network or a non-Customers Bank ATM.

(Plus any fees the ATM owner may charge)

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

ATM availability varies by location. Make sure you use FREE Allpoint Network or Customers Bank ATMs.

Savings Account Interest Information

The interest rate and annual percentage yield (APY) on your account is

• An interest rate of 1.00% will be paid for average daily balances up to $15,000. The APY for this tier is 1.00%.

• An interest rate of 0.01% will be paid only for that portion of the average daily balances that is over $15,000. The APY for this tier will range from 1.00% to 0.14% depending on the balance in the account assuming a maximum average daily balance of $115,000.

You must have a BankMobile checking account to open a BankMobile Savings Account

Can the interest rate and annual percentage yield change?

Yes, at any time

The interest rate is determined

Bank discretion

We may change the interest rate on this account

Yes

Interest will be compounded

Monthly

Interest will be credited to your account

Monthly

If you close your account before interest is credited

Interest is forfeited

We calculate your balance by

We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Interest begins to accrue

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest on your account will be compounded and credited on a monthly basis. At the end of your statement cycle date, we will determine the qualifying posted transactions and we will use the average ledger balance for the statement cycle to calculate the interest on your account. If your account is closed before interest is credited, any accrued interest will not be paid. Mobile deposits are subject to verification and not available for immediate withdrawal.

Information regarding fees you may be charged

Is located in the BankMobile Savings Account Fee Schedule

How do I qualify for a BankMobile Savings Account?

You must have a BankMobile checking account

ACH, Automatic and Preauthorized Transfers

You may make arrangements for certain direct deposits (such as some payroll deposits) to be made directly into your Account. You may make arrangements to pay certain recurring bills or to pay for purchases made through the Internet or telephone from your Account. You may transfer funds between your checking account and savings account. While there is no charge for transfers, you need to be aware that federal regulations have set the maximum number of preauthorized withdrawals to six (6) from your savings account in any statement period.

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

Summary

For more information please refer to the Funds Availability Policy Disclosure contained in the Account Terms and Conditions.

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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