BM Technologies, Inc.''s (BMTX) Student-Focused Checking Account, BankMobile Vibe, Considered a Must-Have on College Campuses
Over 97% of Colleges and Universities Confirm That BankMobile Vibe is in the Best Interest of Students RADNOR, PA | ACCESSWIRE | September 26, 2022 | BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, announced that over 97% of BMTX college and university partners across the U.S. have provided feedback that they value the BankMobile Vibe Checking Account as an option for their students, and attested that it is in their students'' best interest. Due diligence is completed every two years by BMTX college and university partners who review the BankMobile Vibe Checking Account and confirm that the low fees associated with the account are consistent with or below the prevailing market rates. This includes an analysis of the mean and median costs incurred by students who use the BankMobile Vibe Checking Account. It also entails a review of the Consumer Financial Protection Bureau''s " Data Point: Checking Account Overdraft Report " and a comparison of the BankMobile Vibe Checking Account to other accounts from banks such as Wells Fargo, Chase, and Bank of America.
BM Technologies, Inc.''s (BMTX) Student-Focused Checking Account, BankMobile Vibe, Considered a Must-Have on College Campuses
Over 97% of Colleges and Universities Confirm That BankMobile Vibe is in the Best Interest of Students RADNOR, PA | ACCESSWIRE | September 26, 2022 | BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, announced that over 97% of BMTX college and university partners across the U.S. have provided feedback that they value the BankMobile Vibe Checking Account as an option for their students, and attested that it is in their students'' best interest. Due diligence is completed every two years by BMTX college and university partners who review the BankMobile Vibe Checking Account and confirm that the low fees associated with the account are consistent with or below the prevailing market rates. This includes an analysis of the mean and median costs incurred by students who use the BankMobile Vibe Checking Account. It also entails a review of the Consumer Financial Protection Bureau''s " Data Point: Checking Account Overdraft Report " and a comparison of the BankMobile Vibe Checking Account to other accounts from banks such as Wells Fargo, Chase, and Bank of America.