Not only adults need a personal bank account. Students should also have a personal bank account so they can get government benefits like scholarships, grants, etc. Also, if they have a sufficient amount in their bank account, they can pay tuition fees, accommodation fees, entertainment fees, etc. Thanks to BankMobile for their outstanding service to students. Students residing in the US can open a BankMobile Vibe account. It has mediocre fees in all categories, which doesn’t affect students’ financial condition. If you wish to transfer money, BankMobile Vibe will allow this. Read about how to transfer money from BankMobile to another bank account.
How to Open a BankMobile Account?
When you have a smartphone, opening a bank account is not a tough task. The development of technology has led to the network expansion of banking services. So, any bank account seeker can create a bank account online without walking to a physical branch. Since BankMobile is a student-oriented service, students may get many opportunities. If you are a student who wants to open a checking or savings account on BankMobile Vibe. Be ready with necessary information such as-
- Proof of school enrollment
- Valid student ID with a photo
- School transcript
- College acceptance letter
Then go to the BankMobile Vibe Website, sign up, then input the necessary information to open savings/checking accounts, especially for students.
How Does BankMobile Savings and Checking Account Work?
You already know BankMobile provides a savings and checking account for students to grow their money account. Both accounts come with great features. Keep your eye on the table to figure out all features, fees, and schedules.
| Savings Account | Checking Account |
|---|---|
| 0.50% APY2 on balances up to $15,000.00 | 0.50%.APY on balances up to $1,000.99. |
| $0 monthly service fee | $2.99 monthly service fee |
| $0 in-network ATM fee | $0 in-network ATM fee |
| $3.00 out-of-network ATM fee | $3.00 out-of-network ATM fee |
BankMobile uses Allpoint® Network ATM for withdrawal and deposit in some cases. You may charge from ATM owner. To avoid fees or unwanted charges, consider using Customer Bank’s ATM or Allpoint® Network ATM. You can also use a BankMobile card, debit card, or cash app to move money from BankMobile to another bank account. If you use an official BankMobile card, it will be easier to transfer money directly from BankMobile to other mobile money wallets.
How to Add Money to a BankMobile Account?
Adding money to a BankMobile account is an easy process. There are a few options for doing. They include the following.
1. Transfer Money From Another Bank Account
By using bank routing and bank account numbers, anyone can transfer money from BankMobile Vibe to another bank account easily. Use ACH or Wire transfer to transfer funds. When you need to add money to BankMobile Vibe, give your account details to others, so they can send you money.
2. Direct Deposit
Direct deposit is another option for getting funds to your account. You can easily get funds from employers or the Govt. benefit agency. Fill out a deposit form and submit it to the employer then get a direct deposit immediately.
3. Reload Funds
There are numerous authorized reload centers near you. You can reload money from those places. At a time, you can reload up to $500. Reload center cut a $4.95 fee for each reloading. So, visit the nearest reload center to add money.
4. Deposit a Check
BankMobile is an online bank. So, you can deposit a check easily. By depositing a check, you can easily move funds to your account. To deposit a check, log in to your account, take a snap of the check, then upload the endorsed check. Once you upload, the exact balance will show on your balance bar.
How to Transfer Money From BankMobile to Another Bank Account?
BankMobile allows each bank account holder to send and receive money from other banks. But, it is possible to transfer money from BankMobile to another bank using routing and account number. Additionally, you can use a Wire transfer that costs a $25 fee per transaction. The maximum limit to an external bank and maximum limit to another person’s account is $10,000 and $1,000. However, let’s see the process of each bank transfer.
- Go to asuone.com
- Login with email and password
- You will see ‘Withdrawals & Payments’ in the menu bar.
- Then tap on “Send Wires”
- Input recipient account details such as Account Number, Routing Number, E-mail address
- Enter the amount you want to transfer
- Input additional bank information of the recipient
- Confirm fees for a transaction
- Everything is Ok, Tap on the Next option to start transferring
1. Bank of America
- Make an ATM Transfer
You can transfer money from BankMobile Vibe to Bank of America through an ATM. You already know that BankMobile has its own AllPoint ATM, which is free for all users. So, you can transfer money immediately if you link Bank of America to BankMobile Vibe. In this case, you have to use a BankMobile debit or ATM card.
- Insert the ATM card
- Enter PIN
- Select “Transfer Funds”
- Choose both Withdrawal and received account
- Enter the amount
- Confirm the amount and accept fees to start transferring
- Consider a Bank-to-Bank Transfer
Since you are a user of the BankMobile service you must have an account and routing number. Generally, the routing number is a 9-digit code. To make a transfer you have to collect that information.
- Set up a Wire Transfer
BankMobile is Wire transfer supported. For sending small or large amounts, wire transfer is the best solution. Get ready with the recipient’s name and address and their bank account and routing numbers to start transferring with BankMobile. You will be charged a minimal fee for both sending and receiving money through wire transfer.
- Request your Bank send a Check
You can request an e-check from BankMobile. You can use this service to transfer or send a cashier’s check and get funds to another bank like a Bank of America account. To access money, recipients have to wait several days.
2. Chase
You can wire money if you have both BankMobile Vibe and Chase. First, log into the Chase online account. Verify your identity, before sending an international or domestic transfer. To get funds at the Chase account, see the following-
- Add a wire Recipient
You may need the recipient’s full name, physical address, country, and nickname. If needed you can send a custom message before starting transferring.
- Fill in the recipient’s Bank information
In this step, you have to know your friend’s bank routing number (ABA) for wiring money internationally or domestically. you can find the Chase routing number here.
- Enter Additional banking Details
Once you fill-up the recipient wire transfer information, it will go to the next step and ask for additional bank information to verify the payment. You just need to insert a bank account number and correct the billing address.
- Verify the Wire Transfer Information
In this step, you will see all the information you provided before. Check attentively whether all information is correct or not. If you need a change, tap on the change button. Now it is ready to make a wire transfer.
3. Customers Bank
Customers Bank is a partner of your BankMobile Vibe account. It started its operation in 1997 when I was born. Customers’ bank has a wide variety of account choices. It doesn’t charge any monthly fees for maintenance. However, you can transfer money from BankMobile Vibe to Customers Bank easily. Since both are interlinked previously. See the following instructions-
Add Customers Bank as an External Bank Account
- Go to the Payment and Transfer option
- Add External Account
- Fill up Account Number, Account Type, Routing Number, etc.
- Then Verify the Account from the left corner
Start Transferring Money
- Login to your account
- Tap on Transfers
- Select “From” and “To” account
- Enter Amount
- Enter Frequency
- Change Day of the week
- Change Start Date
- Change Repeat duration
- Change End date
- Add Memo (Optional)
- Then finally, transfer funds
How Long Does It Take to Transfer Money From BankMobile?
BankMobile uses ACH and Wire transfer methods to send and receive funds. Most funds need 1-2 days to successfully arrive. These days are also applicable for deposits to BankMobile Vibe checking and existing accounts.
Recap
BankMobile is an underrated mobile banking service specially built for student disbursement. Students who benefit from the government can use BankMobile because it offers flexible fees and unlimited opportunities. It accepts various types of money transactions like bill payments and sending and saving money with others. We have completed all the details about how to transfer money from bankmobile to another bank account. I Hope you get what you need.
