New York, Feb. 08, 2018 (GLOBE NEWSWIRE) -- BankMobile, a division of Customers Bank, and America’s largest and fastest growing mobile-first bank, today launched a new financial website: Paradigm Money. The website is meant to financially empower, inspire and motivate millennials, working class Americans and the underbanked, helping them understand the nuances of money through insights, tips and tools. Ash Exantus, Head of Financial Education at BankMobile, is overseeing the website and generating the content.

“In 2014, I became appalled by the fees that other banks impose on customers and frustrated with the lengthy process of trying to open a traditional banking account. Along with the founding team members, we had the vision to create BankMobile as a result. It has been truly inspiring to see this vision come to fruition and to build a bank whose entire mission is based on financial empowerment through affordability, ease and education,” stated Luvleen Sidhu, President, Co-Founder and Chief Strategy Officer at BankMobile. “Paradigm Money is another tool that we offer our customers as well as the general public to enable them to better understand their finances and take more control of their lives. We are so proud to launch this website today and hope that people will benefit from the content.”

Sidhu and Exantus founded this website based on their belief that proper money management starts with a person’s mindset. Money is a tool and if used the right way, it can help people live their best lives. They believe it should never be a source of stress but instead a source of empowerment for individuals, their family and community. With the right information, resources and tools, anyone can begin to manage their money and life the right way. Paradigm Money is the one-stop shop for financial inspiration and motivation.

“We are thrilled to be sharing valuable information on Paradigm Money,” stated Exantus. “Our goal is to change the way you view money, in order to help you manage it more effectively.”

With 1.8 million depositors serviced, BankMobile is the largest mobile-first bank in the country in terms of number of consumer checking accounts. It is also likely in the Top 25 banks in the country in terms of number of consumer checking accounts serviced.

The new financial website can be found at www.ParadigmMoney.com and the corresponding YouTube page features exclusive video content.

About BankMobile

Established in 2015, BankMobile, a division of Customers Bank, is America’s largest mobile-first bank, offering fee-free checking and savings accounts. It provides target customers—millennials, the underbanked and middle income households—with a digital, effortless, and financially empowering experience. In addition to fee-free checking and savings accounts, BankMobile offers lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the country, which is more than 400,000 ATMs), a guaranteed higher savings rate than the top four banks in the nation, a personal banker for all customers, and a free financial advisor for VIP customers. BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dc66e873-0f53-4ff0-ba2f-827aef75045a

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e4137c65-3148-413c-8f48-cdc131fab6c1

Kati Bergou
BankMobile
(212) 805-3014
kbergou@rubensteinpr.com