The Paypers

The new financial wellness service offers banking products that carry generous interest, early payday, built-in money management tools, and a robust banking app.

BankMobile also announced that BenefitHub, a fully customisable, employee benefit and rewards shopping platform, used by employers to drive engagement, has partnered with the bank to offer its new financial wellness services as an additional benefit to its clients.

BankMobile’s Workplace Banking platform includes the following banking services:

Workplace Checking Account
Workplace Savings Account
Student Loan Refinancing*
Personal Loans
Certificates of Deposits (CDs)
Credit Products
Mortgage and Home Equity

Additional financial wellness services include:

Full-service Financial Wellness Platform
On-the-Go Money Management Tools
Omnichannel Employee Communication
Educational Materials
Employer Workshops
Personalized Financial Coaching

BankMobile provides its BaaS platform to colleges and universities through BankMobile Disbursements, which serves more than five million students on 722 campuses nationwide. Through this distribution channel, BankMobile serves approximately one in every three college students in the country. In August, the bank announced an execution of an agreement with Google to introduce digital bank accounts, which is planned to launch in 2021.

BankMobile announces Workplace Banking platform