Deposits held and insured by Customers Bank

Overview / Commentary
115 Munson Street
New Haven, CT 06511
Deposits held and insured by Customers Bank

Launched in January 2015, BankMobile is an online bank that focuses on serving Millennials, college students, and otherwise tech-savvy banking customers who want to avoid banking fees and having to visit bank branches. As its name suggests, BankMobile offers convenient and secure electronic access to its digital banking services. Its app (iOS and Android) features the ability to open an account, as well as mobile check deposit, personal payments, bill pay, and personal finance and budgeting resources. However, even without the BankMobile app, customers can always access their accounts through the BankMobile website.

As of this writing, funds deposited with BankMobile are insured by the FDIC (up to applicable limits), and it offers access to a large fee-free network of over 50,000 ATMs across the United States. In addition to personal lines of credit, the bank offers deposit accounts, including checking accounts and interest-bearing savings accounts. Both products have no fees and no minimum balance requirements. The accounts can be linked together to provide fee-free overdraft protection for the checking account. Furthermore, BankMobile provides relationship banking perks – including expanded free ATM access and personalized financial advice – to customers who directly deposit their paychecks into a BankMobile checking account.

Originally, BankMobile was an online division of Customers Bank, headquartered in Phoenixville, PA. However, in March 2017, the parent company of Customers Bank, Customers Bancorp, Inc., announced that it would sell BankMobile to Flagship Community Bank, based in Clearwater, FL.


Posted by: |

I just want to say thank you so much Karey for the help and clarification!! It was such a relief that the team got back to me so quickly and solved my issue, this was such an amazing experience. Thank you guys so much again and shout out to Karey for being so patient and kind!!

Simply The Best

Posted by: |

I am so thankful I was able to open an account with BankMobile several years ago when I was a student. Since then I can get my paycheck deposited early and do not get charged at Target’s ATM each time I take out MY money. Great Bank

Terrific Customer Service!

Posted by: |

BankMobile’s customer service team is phenomenal! Anytime I am having issues, the team is always very professional, polite and knowledgeable.

Customer Service

Posted by: |

I appreciate the kind way of responding quickly to my questions and helping me by giving me effective answers !!

Thanks to Schmittinger, Michael and in general to all customer service !!



Data as of Q1 2021

Data displayed below is for insuring bank: Customers Bank
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Health Grade Components

FDIC Certificate #34444
Year Established1997
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD10.67%
Annual Interest Income$161.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$18.81B$12.01B
LoansQ1 2021vs Q1 2020$16.04B$10.17B
DepositsQ1 2021vs Q1 2020$12.54B$8.49B
Equity CapitalQ1 2021vs Q1 2020$1.32B$1.08B
Loan Loss AllowanceQ1 2021vs Q1 2020$128.7MM$149.3MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$49.4MM$52.6MM
Real Estate OwnedQ1 2021vs Q1 2020$57.00K$131.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankMobile Savings Account Rates

0.50%*-$15kBankMobile Savings
OTHER TIERS: 0.01% $15k+

BankMobile Checking Account Rates

0.50%*-$15kBankMobile Vibe Up Checking
OTHER TIERS: 0.01% $15k+
0.50%*-$1kStudent BankMobile Vibe Checking
OTHER TIERS: 0.01% $1k+
0.50%*-$1kBankMobile Vibe Checking
OTHER TIERS: 0.01% $1k+
0.50%*-$1kStudent BankMobile Interest Bearing Checking
OTHER TIERS: 0.01% $15k+ | 0.02% $1k - $15k
0.50%*-$15kStudent BankMobile Vibe Up Checking
OTHER TIERS: 0.01% $15k+
0.50%*-$1kBankMobile Interest Bearing Checking
OTHER TIERS: 0.01% $15k+ | 0.02% $1k - $15k

BankMobile is an Internet only bank and does not have branch locations. Its headquarters is located at 115 Munson Street - New Haven, CT 06511

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.