Deposits held and insured by Customers Bank

Overview / Commentary
99 Bridge St
Phoenixville, PA 19460
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.

Reviews (7)


Posted by: |

I am so frustrated and angry at what this bank has done to me, I was issued a refund check by my school and BankMobile (without my consent) mailed the check to an address I had never listed with them! Now I try to have them rectify their mistake and I just keep getting excuse after excuse. They made me complete loads of paperwork and file a police report only to then tell me they were doing it all as a “courtesy to me” this has been going on for almost a year now. I’m so disgusted!

Bad Not Good

Posted by: |

This business is not a good source for people school money. They put your information in wrong an they holds your money until you send information to them and when you send info to them they say stuff like it was blurry. I don't know whats going on with this Bank Mobile but they tell you different things over and over. I fainted after I talked the Supervisor on October 24, 2020 at 3:00 because they stress me out so bad.
Holmes Community College talked to the customer service Supervisor on Friday October 23, 2020 and ask him what do I need to get my refund to my own bank account. He said she can email it to them and then when she email it to them, I called them and they said that it was blurry and I have to send it to them again.
They said my birthday was wrong in their system, so i said to check the Social Security Number it is better than the birthdate. Anybody can have the same birthdate but they can't have the same Social Security.
What i need to do with this company?

Fraud Alert

I have been trying (unsuccessfully) to get a refund from BankMobile since July when they contacted me that there were unclaimed funds in an account. After NUMEROUS phone calls, faxes, and follow-ups (I have documented all of it), they keep making excuses and asking for the same documentation over and over, or making up something new to delay sending me the refund (hoping I'll give up). DITCH this fraudulent bank. My next move TODAY is reporting them to the Federal Reserve Commission and the Federal Trade Commission, but I wanted to alert potential customers first -- R.U.N.!!!


Literally don't use this if you care about yourself at all! I was robbed and lose my phone, wallet, and phone along with other things. My Bankmobile Vibe card was in my wallet. Somehow, the person who took my things was able to OVERDRAFT my card that isn't supposed to be able to be overdrafted. So I call customer care, and am immediately told call volumes are higher than usual. I get 10 minutes of recorded messages trying to get me to handle my issue online, and then the automated message finally gives me the option to get a call back when it is my turn. I choose this option, and then NEVER get a call back. So today, 4 days later, I call again. I get the same immediate message that call volumes are higher than usual. Listen to the recorded message forever again, and when I am finally put into the que, I am only on hold for 2 minutes. I explain the situation to a person who's accent I can hardly understand, not a problem, she gets my account unlocked and password reset. Cool. But then she transfers me to another department to deal with the unauthorized charges and overdraft. The next person I talk to, who has the same heavy accent, needs me to explain the entire issue, along with all of my information again, promptly transfers me back to the department I originally called. This person almost sounds identical to the first woman I talked to, but with a different name. I tell her the full story, all of my information again, and at this point I'm 25 minutes into the call. The woman cancels my card and asks me if I would like to have a new one sent to me? Yes, of course. She then tells me it will be a $10 charge to pay for shipping to replace my stolen card! So I ask her about the overdraft, and if I can have it removed, considering the card wasn't supposed to have that option, and the fact that it was due to theft. She proceeds to try to explain to me how I can pay the overdraft back. So I ask her if she is serious, am I really going to be penalized for having all of my stuff stolen? This bank IS NOT REAL! The customer service is a joke. Trust me, don't trust your money with Bankmobile Vibe. Have your refund sent to your regular bank account and wait the extra 2 days!!!

Horrible Bank

Do not care about their customers and their customer service is awful. DO NOT USE BANKMOBILE

Sadistic Bank

Posted by: |

They were once known as HigherOne. They either got bought out or rebranded as Bankmobile.

They have gotten worse. A merchant figured out their statute of limitations and used it to trick me out of my money with no recourse. They then snarkily told me on the phone that getting a school refund doesn't mean I am a student. My school got on their case for that.

I had another dispute with a merchant back in May 2018. The merchant agreed to the charge back mid June. Bankmobile claims that the merchant hasn't responded to their inquiry but the merchant gave me documentation showing that was a lie. Their response was to tell me that even though my money is ready to pull, they will be holding the money(less than $120) till the end of July because they feel like it. While this was going on I ran out of money and has been starving for weeks and was told that it was ok to starve while they negligently hold my money.

My school released my money this Monday before 2PM. 2 PM if you don't know is when banks consider it a new day. Bankmobile has yet to release my money. Thanks to 4th July, no banks are gonna be processing anything Wednesday so that means I won't see a penny til Thursday. I needed that money for my mother's birthday, to eat, for Fourth July celebrations, and most importantly to pay my rent. I now have financial penalties due to their sadistic asses. I even had a health check up and them starving me is causing me health issues.

I try to get in contact with the higher ups but conveniently the manager is never in. Just a useless supervisor who is only there to be a broken record.

Bankmobile is literal killing me and doing it with a smile.

Fast Forward, looks like bankmobile is trying to have the truth of my experience silenced.


Posted by: |

I will be moving every dime of my money out of this account and banking elsewhere! This organization makes it extremely difficult for you to access your own funds, customer service is garbage, and the website features are constantly subjected to some sort of malfunction or inaccessible to begin with. DO NOT BANK WITH THIS ORGANIZATION!!!!!! It is not worth the hassles and headaches... please keep your money with a legitimate and reputable financial organization. To Bank Mobile/Higher One/Customer's Bank, I do not want to hear from any of your representatives with a BS response to this post now that my grievances with your company have been presented via the internet; after providing giving your customer service department the benefit of the doubt after painstakingly innumerable and undeserved occasions, There is absolutely NOTHING that you can do at this point to rectify my issues with your company. I will be discouraging whomever I possibly can from banking with or keeping money at your organization!


Data as of Q2 2020

Data displayed below is for insuring bank: Customers Bank
Learn why bank health matters

Health Grade Components

FDIC Certificate #34444
Year Established1997
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD5.36%
Annual Interest Income$250.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$17.89B$11.18B
LoansQ2 2020vs Q2 2019$15.13B$9.67B
DepositsQ2 2020vs Q2 2019$11.06B$8.20B
Equity CapitalQ2 2020vs Q2 2019$1.10B$1.07B
Loan Loss AllowanceQ2 2020vs Q2 2019$159.9MM$48.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$87.0MM$16.5MM
Real Estate OwnedQ2 2020vs Q2 2019$131.00K$1.1MM
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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

1.50%*-$1kStudent BankMobile Vibe Checking
OTHER TIERS: 0.01% $1k+
1.50%*-$1kBankMobile Vibe Checking
OTHER TIERS: 0.01% $1k+
1.50%*-$1kStudent BankMobile Interest Bearing Checking
OTHER TIERS: 0.01% $15k+ | 1.00% $1k - $15k
1.50%*-$1kBankMobile Interest Bearing Checking
OTHER TIERS: 0.01% $15k+ | 1.00% $1k - $15k
1.00%*-$15kBankMobile Vibe Up Checking
OTHER TIERS: 0.01% $15k+
1.00%*-$15kStudent BankMobile Vibe Up Checking
OTHER TIERS: 0.01% $15k+

BankMobile is an Internet only bank and does not have branch locations. Its headquarters is located at 99 Bridge St - Phoenixville, PA 19460

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