Sallie Mae Simplifies Saving and Banking with New Mobile Banking

NEWARK, Del.--(BUSINESS WIRE)--Money management just became easier with convenient mobile access for Sallie Mae savings, checking and money-market customers. In addition to earning interest seven times better than the national average on the High Yield Savings Account, Sallie Mae banking customers can now use their mobile devices to check balances, deposit checks, pay bills, monitor spending and transfer funds.

“Our simple and secure technology offers parents and students more options to successfully manage their money and achieve their education goals.”

“Sallie Mae’s new mobile banking options make it easy for our customers to make informed decisions on saving and spending anytime, anywhere,” said Kelly Christiano, senior vice president, Sallie Mae, the nation’s No. 1 financial services company specializing in education. “Our simple and secure technology offers parents and students more options to successfully manage their money and achieve their education goals.”

The new mobile features are available free for all Sallie Mae banking accounts including CDs, Money Market, and High-Yield Savings plus No-Fee Student Checking accounts available on select college campuses. Sallie Mae mobile banking enables customers to:

• Manage their money: Pay bills on the go, transfer money, and view account balances and transactions.
• Deposit funds with e-deposit: Securely deposit personal or business checks via their iPhone or home or dorm room scanner.
• Stay informed with text messages: Send and receive text messages to view transaction history, transfer money or receive customized alerts.
• Locate nearest ATMs: No-Fee Student Checking customers can easily find the nearest free ATM from a network of over 35,000 nationwide.

To open an account, visit banking.salliemae.com. Banking customers can download the iPhone app at the Apple app store or access mobile features at m.salliemae.com.

In 2010, Sallie Mae launched direct banking with FDIC-insured online savings accounts and Certificates of Deposit through Sallie Mae Bank. Kiplinger’s Personal Finance’s Best List 2010 recognized Sallie Mae Bank as the best online savings account.

Sallie Mae (NYSE: SLM) is the nation’s No. 1 financial services company specializing in education. Serving 23 million customers, Sallie Mae offers innovative savings tools, tuition payment plans and education loans that promote responsible financial habits and reward success. Through its subsidiaries, the company manages or services $234 billion in education loans and administers $38 billion in 529 college savings plans. Members of its Upromise college savings rewards program have earned $625 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels, including supporting $8 billion in ecommerce transactions annually at nearly 1,000 campuses. More information is available at www.SallieMae.com. SLM Corporation and its subsidiaries, commonly known as Sallie Mae, are not sponsored by or agencies of the United States of America.