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

August 23, 2012 11:02 AM EDT Send to a Friend
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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.

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