BankMobile’s Success Lands Luvleen Sidhu Lehigh Valley Business Women of Influence’s Woman to Watch

BankMobile has risen meteorically across the States. Being America’s first no-fee mobile, tablet and online bank, its student-friendly and millennial-targeted strategy has been well received as it reached 100,000 customers in less than a year and will be touching the 2 million mark come July. 

Behind this superb success is one woman, Luvleen Sidhu, co-founder and Chief Strategy and Marketing Officer of BankMobile. A millennial herself, Sidhu used her leadership skills to successfully take BankMobile to such great heights. 

It isn’t surprising that she has been chosen as Lehigh Valley Business Women of Influence’s ‘Woman to Watch’. Lehigh Valley Business is the most read local business journal and is the most reliable source for all business related news for Leigh Valley’s entrepreneurs, corporate boards, middle managers and CEOs. This award is given out each year to the women business leaders who lead their teams to greater heights. Cedar Crest College will host the honourees this year for a luncheon and ceremony.  

"Luvleen's dedication to helping millennials and the under-banked 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," said Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank recognising Luvleen’s fabulous accomplishments. "We congratulate her on this recognition as she continues her mission of financial empowerment."

The BankMobile app offers features such as personal banker, financial tips and podcasts, going all in when it comes to pampering the customers. It has not restricted its growth to just banking by launching BankMobile Technologies, announcing BankMobilist College Brand Ambassador Program, handing out Financial Literacy Scholarship and being one of the first banks on Apple Watch. 

Other winners of the award have been were: 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.

Luvleen Sidhu was also recently selected as one of New York Business Journal's Women of Influence Award honourees.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

Leigh Valley Business Women of Influence’s ‘Woman to Watch’ is Luvleen Sidhu

Luvleen Sidhu, co-founder and Chief Strategy & Marketing Officer, BankMobile, has been rewarded for her impeccable service to the bank, through the Leigh Valley Business Women of Influence – Woman to Watch award. BankMobile is America’s first absolutely no-fee, mobile, tablet and online bank which has thrived under Sidhu’s management. Cedar Crest College will host the honourees this year for a luncheon and ceremony. 

"Luvleen's dedication to helping millennials and the under-banked 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 when appreciating Luvleen’s monumental accomplishments. "We congratulate her on this recognition as she continues her mission of financial empowerment."

Leigh Valley Business chooses the winners by assessing the women business leaders who contribute most to their trade.

Sidhu’s ideating and strategising helped BankMobile to 100,000 customers in less than a year and thanks to the happy customer base, the target of 2 million looks set to be achieved by July. The BankMobile app is full of exciting features which makes banking an easy job for millennials and the surcharge free model is excellent for them to save money, up to $70 million a year. BankMobile also became one of the first banks to be available on Apple Watch. During Sidhu’s tenure, the bank also gave out its foundation’s first Financial Literacy Scholarship, announced its VIP experience, incepted BankMobilist College Brand Ambassador Program and launched BankMobile Technologies.

The residents of Leigh Valley, especially the entrepreneurs, corporate boards, middle managers and CEOs, consider Leigh Valley Business as the go to source for all the latest business updates as well as crucial tips from the top guns.

Other winners of the award have been: 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.

Luvleen Sidhu was also recently chosen as one of New York Business Journal's Women of Influence Award honourees.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

Leigh Valley Business Women of Influence’s Woman to Watch Award Goes to Luvleen Sidhu

BankMobile has made waves across the States since its inception. Being America’s first no-fee mobile, tablet and online bank, its student-friendly and millennial-targeted stance has worked wonders as it reached 100,000 customers in less than a year and will be touching the 2 million mark come July.

This tremendous success can be in part attributed to one woman, Luvleen Sidhu, co-founder and Chief Strategy and Marketing Officer of BankMobile. A millennial herself, BankMobile has galloped towards success under her spirited leadership. 

It comes as little surprise that she has been chosen as Leigh Valley Business Women of Influence’s ‘Woman to Watch’. Leigh Valley Business is the most read local business journal and is a one-stop source for all business related news for Leigh Valley’s entrepreneurs, corporate boards, middle managers and CEOs. This award is presented each year to the women business leaders who inspire their teams to great success. Cedar Crest College will host the honourees this year for a luncheon and ceremony. 

"Luvleen's dedication to helping millennials and the under-banked 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," said Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank when appreciating Luvleen’s monumental accomplishments. "We congratulate her on this recognition as she continues her mission of financial empowerment."

The BankMobile app offers features such as personal banker, financial tips and podcasts, hence going the extra mile to help out the customers. It stayed the path of technologically advancing the app by becoming one of the first banks to be available on Apple Watch. When the VIP experience was announced, BankMobile Technologies was incepted, BankMobilist College Brand Ambassador Program was rolled out and the foundation’s first Financial Literacy Scholarship was awarded.

Other winners of the award have been were: 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.

Luvleen Sidhu was also recently chosen as one of New York Business Journal's Women of Influence Award honourees.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

Luvleen Sidhu awarded as Lehigh Valley Business Women of Influence - Woman to Watch Award

BankMobile, America's first absolutely no-fee, mobile, tablet and online bank, stated that Luvleen Sidhu, Co-Founder and Chief Strategy & Marketing Officer, was chosen as the Lehigh Valley Business Women of Influence – Woman to Watch Honouree. This year's winners 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 applaud women business leaders for their contributions to their companies, industries and communities.

BankMobile has made a staggering rise under Sidhu’s management as it reached 100,000 customers in less than a year in December 2015 and looks to reach 2 million by July this year. Apart from that, their business model is set to reduce the financial burden on students and milennials after they acquired Higher One’s student banking business. Also, BankMobile has released its VIP experience, is available on Apple Watch, launched BankMobilist College Brand Ambassador Program, established BankMobile Technologies and awarded the first Financial Literacy Scholarship of its foundation. 

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 much acclaimed business newspaper of record for Lehigh Valley, which is the go to paper for businessmen for analytics and advice. Entrepreneurs, corporate boards, middle managers and CEOs, all have subscribed to this award winning and most read local business publication in Leigh Valley.
Luvleen Sidhu was also recently selected as one of New York Business Journal's Women of Influence Award honourees.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

BankMobile’s One-stop Banking App to Save Millennials $70 Million a Year

Overdraft fees add up to around $32 billion in the United States. BankMobile, a division of Customers Bank and America’s first zero-fee, mobile, tablet and online bank, understands that and after acquiring Higher One’s student banking is set on college students getting to save up to $70 million a year.

"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, as he talked about the bank’s goals and aspirations. "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 fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile.

BankMobile has clocked 100,000 customers in less than a year of operations and is set to go past 2 million accounts in July.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

BankMobile’s Student-Friendly Banking Solutions to Lead Them to 2 Million Customers in July

BankMobile, a division of Customers Bank and America’s first absolutely no-fee, mobile, tablet and online bank, wants to reduce financial burden on students and aims to aid college students save $70 million a year through their business model. 

Mostly targeting millennials and Gen X customers, BankMobile offers 55,000 surcharge-free ATMs and zero overdraft fees. 

"As a fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, shared her vision to lead her fellow millennials to financial freedom.

"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. "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 explained the need for a bank like BankMobile.

BankMobile has gone the extra mile to make its service the favourite of students by adding features like financial tools, personal banker etc. to the app.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

BankMobile Aims Financial Freedom For Students

BankMobile, America’s first no-fee mobile, tablet and online bank, and a division of Customers Bank, will acquire Higher One’s Student Banking Business, and aims to develop a new banking model that will help students save $70 million a year by eliminating the high-fee existing model.

With a mission to extend its model of affordable banking to millennials, the bank already provides services free of any overdraft charges, along with 55,000 surcharge free ATMs and other lucrative offers.

"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 the bank’s vision. "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 added.

BankMobile aspires for student-friendly banking and has gone the extra mile to load its app with features such as consultations with a financial coach, podcasts where successful millennials share their expertise, financial blogs and management tools.

"As a fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, shared her ambition to lead her fellow millennials to financial security.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.