Bhanu Choudhrie

Founders of BankMobile Jay Sidhu and Luvleen Sidhu believe in revolutionizing the world by coming up with something new every time. The father-daughter duo proved it yet again by launching their book, ‘Why Can't Banks Be as Easy as Uber?: BankMobile and The Real Future of Banking’. The book is a compulsive read and highlights the drawbacks of traditional banking system. ‘Why Can't Banks Be as Easy as Uber?: BankMobile and The Real Future of Banking’ reached the number one spot on the Amazon stores in USA, Australia, and Germany within few hours of its release.  

The book has been hugely successful and tells how BankMobile can bring a stark change in the banking sector. The father-daughter author duo was also counted among the Amazon’s Top 100 authors in Business and Money after the release and success of the book. Luvleen Sidhu was also listed among the top 10 “Innovators to Watch” by Bank Innovation.        

Tal Ben-Shahar, Ph.D. New York Times Bestselling Author of Happier, rightly says that, "What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier -- and you happier."

"...BankMobile offered a mobile banking app that provided basic bank accounts for real people: Checking, Savings, Personal Loan and financial education. The whole banking experience from opening an account to setting up bill pay can be done with the app. The technology they put together with their partners is far superior to that of biggest five banks in the U.S. As I write this in June 2016, my view has not changed, and the app has only improved to include more than basic banking.

They now provide an easy to use advanced money management platform which gives the BankMobile customer the tools to manage and improve their financial lives. The story behind the creation of BankMobile is fascinating. It details how the banking system, in general, is broken and why the US needs bank services that are truly customer focused." - David Gerbino, FinTech, Bank and Data-Driven Marketing Consultant, DMG Consulting.

Purchase this book on Amazon via BankLikeUber.com.

In order to promote financial awareness among young entrepreneurs and students, money generated from the sales of the book will be used to do the promotional activities of financial literacy.

There are people who move from one success to another, BankMobile founders Jay and Luvleen Sidhu personify this. The father-daughter duo has taken the online bank to another level and helped two million customers through it.

Their recently released book called ‘Why Can’t Banks Be as Easy as Uber?: BankMobile and the Real Future of Banking’ has already garnered a lot of attention in the international market. The book has received positive reviews on Amazon across USA, Australia, and Germany. In a relatively short duration of time, the authors have reached Amazon’s Top 100 Authors list in the category of Business and Money.

BankMobile’s Executive team recently earned critical acclaim for the well-received event of investors Day. Moreover, Luvleen, following her various laurels, has now been named among top 10 “Innovators to Watch” by Bank Innovation.    

The book tells why traditional banking system can lead to severe losses for businesses and needs to retire. It also tells in detail how BankMobile is bringing a positive change in the banking industry.  

Tal Ben-Shahar, Ph.D. New York Times Bestselling Author of Happier in her review of the book says, “What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier -- and you happier”.

Millennials form the majority of the smartphone generation. Hence, BankMobile is an ideal application for them.

"...BankMobile offered a mobile banking app that provided basic bank accounts for real people: Checking, Savings, Personal Loan and financial education. The whole banking experience from opening an account to setting up bill pay can be done with the app. The technology they put together with their partners is far superior to that of biggest five banks in the U.S. As I write this in June 2016, my view has not changed, and the app has only improved to include more than basic banking. They now provide an easy to use advanced money management platform which gives the BankMobile customer the tools to manage and improve their financial lives. The story behind the creation of BankMobile is fascinating. It details how the banking system, in general, is broken and why the US needs bank services that are truly customer focused." - David Gerbino, FinTech, Bank and Data-Driven Marketing Consultant, DMG Consulting.

Get ‘Why Can't Banks Be as Easy as Uber?’  on Amazon via BankLikeUber.com.

BankMobile, America's first absolutely no-fee digital bank, announced that Jay Sidhu, Chairman and CEO, received an honorary degree from Albright College during its 157th Commencement on May 22, 2016.

Forerunning the digital era of banking, Sidhu also leads BankMobile Technologies and Customers Bancorp Inc., a nearly $9 billion asset bank based in Wyomissing, PA.

"It is a true privilege to be awarded this degree from Albright College, a prestigious school with which we share a community," stated Sidhu.

Sidhu has been a magnate when it comes to banking and has made valuable inroads into business, finance and marketing. Through this honour his undivided efforts to make an impact on the Greater Reading area were recognised.

He established the bank with daughter Luvleen Sidhu in January 2015 and has galloped towards the milestone of two million that is sought to be reached by June 30, 2016. It aspires to financially enrich millennials and the underbanked and encourages them to be aware of the financial facts through a personal banker, a podcast with Ash Cash.

Sidhu has rich banking experience. Before he took the reins at Customers Bank, he was the Founder, Chairman and CEO of Sovereign Bancorp Inc. The banking institution became the 17th largest in the country as Sidhu took it from an Initial Public Offering of $12 million to a sensational market cap of $12 billion.

His ideating and strategising skills have been recognised through several awards such as Financial World's CEO of the Year, Turnaround Entrepreneur of the Year, and he was also named as the Large Business Leader of the Year by the Chamber of Commerce.

Sidhu also boasts to be the alumnus at top institutes such as Wilkes University from where he pursued Master of Business Administration and Harvard Business School where he graduated in Leadership Course.  

BankMobile, America’s first absolutely no-fee bank, is rapidly progressing towards the landmark of 2 million customers because of several reasons - surcharge free ATMs, free financial coach and personal bankers.

To go the extra mile, a podcast has now been launched to make customers more able to become financially sound.

BMPowered Radio with Financial Empowerment Coach Ash Cash is available on Apple iTunes, Sound Cloud and BankMobile website. "We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower you and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

On #MoneyMondays, Ash Cash talks about things such as things common between secured credit cards and presidential elections.

Over the episodes, Ash has talked about: Why it's ideal to create a financial support system, how working on your wage can lead to financial freedom, why diversification is crucial for securing your finances.

In one of the features on #MoneyMondays, discussions were done on Drake's "Summer Sixteen” single.

“Financial empowerment is at the heart of our mission and the #MoneyMondays series is meant to be a fun, quick way for listeners to learn tips on how to get on solid financial footing,” revealed Luvleen Sidhu.

#FreeLifeFridays provide the much needed inspiration to choose the road of financial freedom. 

“But we are not just about financial empowerment, we are a brand that hopes to empower you in every aspect of your life and our #FreeLifeFridays series serves as weekly inspiration to push our listeners to reach their potential.” Luvleen Sidhu revealed.

Entrepreneur and co-founder of Abacus, Omar Qari was invited on #FreeLifeFridays to share his experiences on how to form expense policies, recollect corporate credit cards and the most effective way to be reimbursed.

For the dreamers planning start-ups, crucial tips like how to receive venture capital funding, how subject specific knowledge is crucial to lead a start-up and more. He shared how he spends his free time to keep growing.

BankMobile, United States’ first absolutely no-fee bank, is dedicated togoing the extra mile for its customers. Following surcharge free ATMs, free financial coaches and personal bankers, a podcast has been launched to provide financial information to customers.

BMPowered Radio with Financial Empowerment Coach Ash Cash is available on Apple iTunes, Sound Cloud and BankMobile website. "We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower you and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

On #MoneyMondays, Ash Cash talks about things such as comparisons between secured credit cards and presidential elections. Topics like the working of secured credit cards and their importance to building or repairing credit, improving credit, life insurance have also been covered.

Discussion have also been held to help if the finances are down, managing student loans without a middle man and being equally aware of the journey and the destination when maintaining finances.

“Financial empowerment is at the heart of our mission and the #MoneyMondays series is meant to be a fun, quick way for listeners to learn tips on how to get on solid financial footing,” revealed Luvleen Sidhu.

#FreeLifeFridays are all about inspiration and motivation on to financial freedom.  

“But we are not just about financial empowerment, we are a brand that hopes to empower you in every aspect of your life and our #FreeLifeFridays series serves as weekly inspiration to push our listeners to reach their potential.” Luvleen Sidhu.

Roy Firestone, a seven-time Emmy Award-winning journalist, performer, and inspirational speaker, featured on one of the episodes. Roy has interviewed more than 5,000 athletes and high-performing individuals to know more about greatness, how regret should be replaced by gratitude, and why humility is the key to success. He has also interviewed Kobe Bryant and shared an exclusive story on the show.

Also, pharmacist, certified investment educator, writer, and entrepreneur Dr. Eric Patrick made an appearance to share how investing can help grow your wealth, why Nike's "Just do it" phrase is more than a slogan, how to easily multi-task, and how music can aid you to get your message across.

If you believe your story is worthy of being shared on the show, contact Ash Cash at [email protected] and you might be selected to be interviewed on the podcast.

Few companies just love making their customers happy but BankMobile is definitely one of them. 400,000+ surcharge free ATMs, free financial coaching, personal bankers and a brilliant business model are just a few of the reasons that BankMobile is set to reach the target of 2 million customers by July.

To further enrich customers with banking knowledge, a podcast titled BMPowered Radio with Financial Empowerment Coach Ash Cash, is being aired on Apple iTunes, Sound Cloud and BankMobile website.

"We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower you and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

What better way to start a week than doing it with #MoneyMondays? In-depth interviews with financial experts provide for the right exalting start to the week. “Financial empowerment is at the heart of our mission and the #MoneyMondays series is meant to be a fun, quick way for listeners to learn tips on how to get on solid financial footing,” revealed Luvleen Sidhu. Topics like FICO score, understanding credit report and investing in mutual funds have featured on the show.

#FreeLifeFridays envisions financial freedom for everyone and share motivating tales of people who’ve achieved that.

“But we are not just about financial empowerment, we are a brand that hopes to empower you in every aspect of your life and our #FreeLifeFridays series serves as weekly inspiration to push our listeners to reach their potential.” Luvleen Sidhu.

Cobaine Ivory was part of an episode for a discussion on different perceptions of success and it was also explained how being sure of what you want to achieve can ease the path you carve out for it.

Other influential people like Omar Qari, and Kiana Danial, Award winning Investing Advisor and CEO of Investdiva.com; Meg Buzza, Professional Dancer and Choreographer; and Zui Duckers, Head of Brand Ambassadors, BankMobile, have shared their beliefs on the podcast.

If you believe your story should feature on the show to inspire others, contact Ash Cash at [email protected] and you might be selected to be interviewed on the podcast.

Luvleen Sidhu, Co-Founder and Chief Strategy & Marketing Officer, spoke at the Marketing to Millennials for Financial Services Summit on April 21, 2016. Sidhu's session was entitled: "Engaging Millennials Today to Secure Them as Clients Tomorrow."

On being given the opportunity Sidhu had said that, "I am delighted to be speaking at a conference focused on one of our most important target customers: millennials. This generation has a unique set of attributes, one which we examine carefully in order to meet their needs. We will always strive to be the most relevant, financially empowering bank in the country and I look forward to providing the audience insights into our own understanding of millennials."

A number of financial hurdles have hampered the growth of millennials who require more transparency, flexibility and self-authority to succeed. A major part of America is considered ‘underbanked’ because of the negative 2% savings rate on average. BankMobile has been strategising to reduce the financial burden on this “underbanked” section.

During Sidhu's session, the audience learnt how engaging and educating millennials on how to tread on the path to financial freedom and empowerment and help companies position their firms as an ally now and in the future. Attendees also learnt to adopt best practices to:

• Capitalise on the digital revolution

• Design lasting products

• Successfully use social media to raise awareness

The Marketing to Millennials for Financial Services event taught the audience “how-to” strategies and key points on different topics including: identifying profitable market opportunities specific to their business model and offering; creating specialized products to meet their needs and grow their business; and harnessing novel marketing tactics to engage and acquire millennial clients.

Leading financial companies shared their case studies that helped the attendees gain knowledge on avoiding costly mistakes and identifying profitable opportunities to meet the needs and demands and grow business.

BankMobile, America's first absolutely no-fee, mobile, tablet and online bank, has kept its promise of rolling out new features to keep customers entertained, as well as informed. Its podcast, BMPowered Radio recently made its debut with Financial Empowerment Coach Ash Exantus. The series is available on the BankMobile website, Apple iTunes and SoundCloud.

#MoneyMondays with Ash Cash will help you begin the week with a breakfast of financial tips along with enriching interviews with other financial experts who answer audience queries. Crucial topics include financial health, simplifying your credit report and clearing doubts over FICO scores have already been discussed on #MoneyMondays.

Fridays mean freedom from the tiring week and #FreeLifeFridays inspire just that, albeit in a fiscal sense, through young entrepreneurs who share their inspiring stories. Co-founder of Abacus, Omar Qari, featured on the first episode and Kiana Danial, Award winning Investing Advisor and CEO of Investdiva.com; Meg Buzza, Professional Dancer and Choreographer; and Zui Duckers, Head of Brand Ambassadors, BankMobile, have all been a part of #FreeLifeFridays.

"We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower customers and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

Exantus, who is more popularly known as his pseudonym Ash Cash, has been in the banking business for over 15 years along with playing his part as a motivational speaker. Besides that he has also published two bestsellers through Amazon.com: Mind Right, Money Right: 10 Laws of Financial Freedom and What the FICO: 12 Steps to Repairing Your Credit. He’s also a host at “The Ash Cash Show” which airs each Sunday at 1pm on WHCR 90.3 FM NY and has a dedicated following of 2.2 million listeners.

The main focus is on personal finance, but the show also urges people to take the path of entrepreneurship to achieve financial freedom.

If you are a young mover and shaker and want to be interviewed on the show, please contact Ash Cash at [email protected].

BankMobile, America’s first absolutely no-fee, mobile, tablet and online bank has successfully begun a podcast to give banking lessons to its customers. BMPowered Radio has been launched which is hosted by Financial Empowerment Coach Ash Exantus a.k.a Ash Cash. The series is available on Apple iTunes, Sound Cloud and BankMobile website.

Enjoy a knowledge-laden start to your week with #MoneyMondays with Ash Cash and find a host of financial tips as well as interviews of financial experts who would also love to answer your questions. So far, financial health, credit report and FICO scores are the topics where expert opinions were shared.

Fridays are for financial inspiration with #FreeLifeFridays where young movers and shakers narrate their success stories. People like Omar Qari, and Kiana Danial, Award winning Investing Advisor and CEO of Investdiva.com; Meg Buzza, Professional Dancer and Choreographer; and Zui Duckers, Head of Brand Ambassadors, BankMobile, have contributed to the show.

"We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower you and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

Exantus, who is renowned as “Ash Cash,” is an expert on personal finance thanks to a banking experience of 15 years. The man is also a motivational speaker plus he’s authored two bestsellers on Amazon.com: Mind Right, Money Right: 10 Laws of Financial Freedom and What the FICO: 12 Steps to Repairing Your Credit, both of which are bestsellers. Besides BankMobile podcasts, Exantus also hosts, “The Ash Cash Show” that airs every Sunday at 1pm on WHCR 90.3FM NY as 2.2 million listeners wait for it.  

The show is mostly based on personal finance and people are told how a life of entrepreneurship can lead to financial freedom.

If you think you have achieved significantly in your budding years as an entrepreneur, you can contact Ash Cash at [email protected] and get a chance to be interviewed on the show.

Max Buerger, head of Alpha Aviation Group, has been quoted in an insightful piece on Vietnam’s airline industry – and industry which is looking forward to an unprecedented boom.

Vietjet Air, Vietnam’s first private budget airline, has announced that it will double its passengers in 2016, which Max feels is a great news for Vietnam’s civil aviation industry as a whole.

Crude oil prices have not risen for a long time and Vietnamese airlines are taking full advantage, especially Vietjet, which is set to add 12 new planes to the 9 purchased last year and will see the number rise to 100 in the next five years.

The aviation industry would no doubt be boosted by these developments, but the real winners will be the budding pilots who now have the perfect platform to establish their careers. More airplanes, more passengers and more comfort is what Vietnam’s aviation future holds.

The Vietnamese commercial aviation sector is currently facing a shortage of pilots, especially home-grown talent. Foreign pilots have to be hired, a process which has its own difficulty. Almost half of the pilots on Vietnamese airlines are from outside Vietnam. Jetstar Pacific Airlines air crew is 95% foreign. To deal with this home-grown shortage, the Civil Aviation Administration of Vietnam has even suggested an increase in the retirement age of pilots.

Vietnam is a country with a predominantly youth population and as science and technology is being promoted, it’s likely that an interest in aviation will also be increased, so much that the nation can play a big role in helping to meet the pilot demands across the Asia Pacific region.

However, the solution to the shortage problem is not just vested in the government, private sector or the airlines, but in the pilot training infrastructure - which needs urgent modernising, starting with regional flight training schools.  

Boeing has revealed that its commercial pilot requirement will rise to 558,000 in 2034 as its global fleet evolves. A sizeable chunk of that number would come from Asia and that is another motivation for Vietnamese to invest in state-of-the-art training modules.

It’s now up to the government to instil a love of science and technology in the Vietnamese youth. Opportunities are rife; they just need to be guided in the right direction!

Luvleen Sidhu, Co-founder and Chief Strategy & Marketing Officer of BankMobile, America’s first absolutely no-fee, mobile, tablet and online bank, has received the accolade of being the Leigh Valley Business Women of Influence – Woman to Watch Honouree. The winners of this prestigious award will be honoured at a luncheon and ceremony taking place on May 11, 2016 at Cedar Crest College.

"Luvleen's dedication to helping millennials and the underbanked live financially stable lives is unwavering. She has had monumental accomplishments since she co-founded BankMobile last year including reaching over 100,000 customers and launching the BankMobilist College Brand Ambassador Program," stated Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank. "We congratulate her on this recognition as she continues her mission of financial empowerment."

The Women of Influence awards appreciates the women business leaders for their key contributions to companies, industries and communities and Sidhu deserved this award for her brilliant management with BankMobile, under which she took them to 100,000 customers in less than a year and has put the bank well on track to serve 2 million by July this year. Through her managerial skills, she managed to realize BankMobile’s ambition of catering to millennials and reducing financial pressure on college students by replacing Higher One’s high-fee model. Apart from that lucrative services like VIP experience, app on Apple Watch, BankMobilist College Brand Ambassador Program, BankMobile Technologies were rolled out and the first Financial Literacy Scholarship was also awarded.

Other awardees include: Sandra Figueroa of Lincoln Leadership Academy Charter School; Martha Cichelli of Software Consulting Services, LLC; Sheila Evans and Allentown Symphony Association; and Debbie Salas-Lopez and Lehigh Valley Health Network.

Leigh Valley Business is the most read local business publication in Leigh Valley and is renowned for its crisp business analysis and valuable advice. Most of the entrepreneurs, corporate boards, middle managers and CEOs of Leigh Valley have subscribed to it.

However, this isn’t the only accolade Luvleen Sidhu has received for her business skills as she also became New York Business Journal's Women of Influence Award honourees.

BankMobile, a division of Customers Bank and America’s first zero-fee, mobile, tablet and online bank, has rolled out a new banking model that will help college-goers save up to $70 million a year.

BankMobile already offers 55,000 ATMs with zero surcharge fees, zero overdraft fees and other operational benefits for millennials and Gen X customers. As a completely digital entity without any physical branches, BankMobile targets the 68-million Americans who are categorized as “under-banked” or “un-banked."

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank, explaining how they plan to replace Higher One’s high fee model. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu continued.

As a 360 degree banking app, BankMobile is loaded with personal banking and financial assistance features. No wonder then that it hit 100,000 customers in under a year and is all set to go past 2 million accounts in July.

BankMobile, a division of Customers Bank and America’s first absolutely no-fee, mobile, tablet and online bank, has acquired Higher One’s student banking business and is set to scrap its high-fee model to help students save up to $70 million a year.

One of the most lucrative banking solutions in America, it already offers 55,000 surcharge-free ATMs, zero overdraft fees and other money-saving benefits to millennials and Gen X customers. With no physical branches, this digital bank’s target group includes 68-million Americans who are under the “under-banked” or “un-banked" category.

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank, who believes the product can become the ‘Uber of banking’. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu continued.

The BankMobileapp is laden with features such as financial assistance, podcasts with successful millennials and much more. Becoming a student favourite in no time, it is set to reach 2 million customers by July.

BankMobile, a division of Customers Bank and America’s first absolutely no-fee, mobile, tablet and online bank, promises college students to be able to save up to $70 million a year.

BankMobile already offers 55,000 surcharge-free ATMs, zero overdraft fees and other lucrative benefits to millennials and Gen X customers. With no physical branches, this digital entity will target 68-million Americans who are categorized as “under-banked” or “un-banked."

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank, who calls the product ‘Uber of banking’. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu continued.

The BankMobile app also provides financial assistance and a personal banker. Another reason why it has already reached 100,000 customers in just as much as a year and is set to break past 2- million active accounts in July.

Every business envisions growing quickly, and things couldn’t have been more brilliant for BankMobile, America’s first no-fee, mobile, tablet and online bank, which is already serving 100,000 customers in less than a year since inception, is looking to hit two million customers by July 2016.

At this pace, BankMobile will be among the top 25 banks in the country in US in terms of the number of consumer checking accounts and it will be adding nearly 500,000 new student checking accounts each year.

To add to that, Higher One, Inc.’s One Account Student Checking business and Refund Management Disbursement business has been acquired by Customers Bank, BankMobile’s parent company, in order to tap the GenX and millennial market.

"This acquisition positions BankMobile to be the primary banking relationship for these millennial and Gen X students as they graduate, evolve into young professionals, and start their own families," Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bankemphasized on providing banking solutions to the millennial students. "Our vision of providing financial freedom to millennials and the underbanked through BankMobile has very quickly become a reality. There is no bank in the country that has achieved the level of success that BankMobile has within its first year of launch."

"It is truly exciting that BankMobile can now provide affordable, effortless and financially empowering banking to a large number of students across the United States, who are burdened by student debt, high fees from banks, and lack access to financial education to help them make prudent financial decisions," said LuvleenSidhu, Chief Strategy &Marketing Officer of BankMobile, while sharing BankMobile’s vision to help students make financial decisions.

"Our mission has and always will be to financially empower our customers and we look forward to not only providing traditional banking services but also the tools and personal guidance they need to build a financially stable life." She added.

BankMobile’s attractive offers like free checking and savings accounts and access to more than 55,000 surcharge free ATMs in the United States have made it a favourite of many.

"By providing a superior product that is easier to use and is more affordable, we hope to create the 'Uber of Banking' at BankMobile," Jay Sidhu said.