Higher One (ONE) Launches Fee-Simple OneAccount Edge Accounts

August 23, 2012 11:02 AM EDT Send to a Friend
Higher One (NYSE: ONE) announces the launch of OneAccount Edge, a new account that eliminates a conventional fee schedule.

Edge will launch later this year with only one simple fee—$4.95 a month. Account holders of Edge will not incur any other fees from Higher One. The account waives minimum deposit requirements and eliminates fees for PIN activity, overdraft or non-sufficient funds (or NSF), inactivity and other service charges normally associated with traditional checking accounts.

For those that prefer a more familiar structure in a checking account, Higher One also offers the no monthly fee OneAccount and Premier premium account with a monthly fee soon to be lowered to $5.95. All Higher One checking accounts are FDIC insured and are offered to students—regardless of financial or credit history. Today, Higher One's suite of checking accounts is offered as a part of its proprietary OneDisburse® Refund Management® funds disbursement service. Higher One's automated financial aid refund process provides college students with up to three cost-free choices to receive their financial aid refunds. This may include direct deposit to any domestic bank account, a paper check in the mail, or a direct deposit into any full-service checking account offered by Higher One.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News

Related Entities

FDIC

Add Your Comment