Higher One® Creates OneAccount Flex to Offer Account Holders Even Greater Value

Customer feedback prompts the company to create a new checking account model

Mar 01, 2011, 15:16 ET from Higher One, Inc.

NEW HAVEN, Conn., March 1, 2011 /PRNewswire/ -- Inspired by student feedback, Higher One, Inc., a technology and payment services company founded by students for students recently created OneAccount Flex, a new checking account option offering more choices and functionality.  Designed to be an alternative to Higher One's flagship account, the OneAccount, OneAccount Flex expands the company's account product offerings and offers students more choice than ever before.

The benefits of OneAccount Flex include no PIN Fees and one monthly foreign ATM fee reimbursement, along with the core benefits of the traditional OneAccount such as a robust cash-back rewards program, free Online Bill Pay, and a scan deposit feature.  If the account holder makes thirty or more Debit MasterCard® signature transactions  per month or has non-Financial Aid refund deposits totaling $500 or more per month, the OneAccount Flex has no monthly fee.  

OneAccount Flex is particularly suited to customers who choose to use it as their primary checking account.  It was designed based on customer feedback and is available to all OneAccount holders who are in good standing. "In an era where many banks are reducing their focus on serving college students and increasing average monthly fees, we remain committed to supporting  our customers with products that provide great value and fit their lifestyle," said Noreen Pfadenhauer, Vice President of Consumer Marketing at Higher One.  

About Higher One:

Founded in 2000, Higher One, Inc., a subsidiary of Higher One Holdings, Inc. (NYSE: ONE), is a leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.

Higher One provides its services to distinguished public and private higher education institutions throughout the country to approximately 5.3 million students. More information about Higher One can be found at HigherOne.com.

Banking services provided by The Bancorp Bank, Member FDIC

The Easy Refund Card Debit MasterCard® is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The card is administered by Higher One, Inc.

© 2011 Higher One, Inc. All Rights Reserved.

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CONTACT:  Elissa D'Orazio, 1-212-642-7787

SOURCE Higher One, Inc.