Still, it’s completely normal for people to ask these questions based on the relative newness of BankMobile, especially when compared to other well-established banks that have been around for 200 years or more!įor example, BNY Mellon was founded in 1784 and State Street was founded in 1792. As mentioned above, it is a company that is now listed among the top 15 banks in the U.S. The answer is easy to determine just by looking at the facts above.īankMobile continues to expand its market share and is now serving millions of clients around the United States. Searching around the web will inevitably get you to websites where people repeatedly ask two related questions: Is BankMobile safe? Is BankMobile legit? This is a tremendous feat considering the type of consumer checking accounts they offer. The founders and employees of BankMobile have diligently worked over the years to get the company listed among the top 15 banks in the United States. In 2017, announced that BankMobile’s Vibe account holders save over $62 million per year. In addition, their banking application has been downloaded more than a million times just on the Android platform alone.Įarlier this year, the company announced they were partnering with the well-known brands of BillShark and Bartleby to offer even better deals to students. The company’s growth has been tremendous. Luvleen has been featured regularly in the media including CNBC, Bloomberg, Yahoo Finance, and The Wall Street Journal as she continues to promote the banking app. In January 2020, the CEO seat of BankMobile was passed from Jay to Luvleen. Jay Sidhu is also the CEO of Customers Bank. You won’t find too many objective BankMobile reviews on the internet today, so let us start this BankMobile review with some background context.īankMobile was founded in 2014 by Jay Sidhu and his daughter Luvleen Sidhu. See Also: Pros & Cons of Using Bank5 Connect If you’re used to shopping online, socializing online, and viewing entertainment online – why not also conduct your mobile banking online? If you’re a student or young adult in your 20s, it’s likely that most of your daily activities are already conducted online. Offering consumers the ability to deposit checks by phone, conduct online mobile banking and use one of the best mobile banking apps on the market, it’s clear at first glance why one might consider BankMobile to be one of the best online banks. This company is relatively new but has already established itself as one of the biggest and fastest-growing online banks in the United States. Is BankMobile worth it? Is it safe? Read on to find out…. In this article, we’re looking at BankMobile reviews from different angles. You’ve probably come across the BankMobile banking application and the BankMobile online banking services. Due to the high number of questions including “Is BankMobile legit?” and “Is BankMobile safe?” combined with searches for objective reviews of BankMobile, we decided to research the firm and publish our findings in this BankMobile review article.
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