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Non-Interest Revenues | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Non-Interest Revenues | NON-INTEREST REVENUES Customers' revenue from contracts with customers within the scope of ASC 606, Revenue from Contracts with Customers ("ASC 606") is recognized within non-interest income. The following tables present Customers' non-interest revenues affected by ASC 606 by business segment for the years ended December 31, 2020, 2019, and 2018:
| For the Year Ended December 31, 2020
(amounts in thousands) | Customers Bank Business Banking |  | BankMobile |  | Consolidated
Revenue from contracts with customers: |  |  |  |  |
Revenue recognized at point in time: |  |  |  |  |
Interchange and card revenue (1) | $ | (5,245) |  |  | $ | 26,284 |  |  | $ | 21,039 |
Deposit fees | 2,527 |  |  | 11,308 |  |  | 13,835 |
University fees - card and disbursement fees | — |  |  | 1,240 |  |  | 1,240 |
Total revenue recognized at point in time | (2,718) |  |  | 38,832 |  |  | 36,114 |
Revenue recognized over time: |  |  |  |  |
University fees - subscription revenue | — |  |  | 4,080 |  |  | 4,080 |
Total revenue recognized over time | — |  |  | 4,080 |  |  | 4,080 |
Total revenue from contracts with customers | $ | (2,718) |  |  | $ | 42,912 |  |  | $ | 40,194 |
(1) Beginning on July 1, 2020, Customers Bank became subject to the Federal Reserve's regulation limits on interchange fees for banks over $10 billion in assets. Customers Bank Business Banking has agreed to pay BankMobile the difference between the regulated and unregulated interchange rates. For the year ended December 31, 2020, BankMobile received $5.9 million for the difference between the regulated and unregulated interchange rates.
| For the Year Ended December 31, 2019
(amounts in thousands) | Customers Bank Business Banking |  | BankMobile |  | Consolidated
Revenue from contracts with customers: |  |  |  |  |
Revenue recognized at point in time: |  |  |  |  |
Interchange and card revenue | $ | 781 |  |  | $ | 28,160 |  |  | $ | 28,941 |
Deposit fees | 1,742 |  |  | 11,073 |  |  | 12,815 |
University fees - card and disbursement fees | — |  |  | 1,008 |  |  | 1,008 |
Total revenue recognized at point in time | 2,523 |  |  | 40,241 |  |  | 42,764 |
Revenue recognized over time: |  |  |  |  |
University fees - subscription revenue | — |  |  | 3,956 |  |  | 3,956 |
Total revenue recognized over time | — |  |  | 3,956 |  |  | 3,956 |
Total revenue from contracts with customers | $ | 2,523 |  |  | $ | 44,197 |  |  | $ | 46,720 |
| For the Year Ended December 31, 2018
(amounts in thousands) | Customers Bank Business Banking |  | BankMobile |  | Consolidated
Revenue from contracts with customers: |  |  |  |  |
Revenue recognized at point in time: |  |  |  |  |
Interchange and card revenue | $ | 794 |  |  | $ | 29,901 |  |  | $ | 30,695 |
Deposit fees | 1,277 |  |  | 6,547 |  |  | 7,824 |
University fees - card and disbursement fees | — |  |  | 1,039 |  |  | 1,039 |
Total revenue recognized at point in time | 2,071 |  |  | 37,487 |  |  | 39,558 |
Revenue recognized over time: |  |  |  |  |
University fees - subscription revenue | — |  |  | 3,681 |  |  | 3,681 |
Total revenue recognized over time | — |  |  | 3,681 |  |  | 3,681 |
Total revenue from contracts with customers | $ | 2,071 |  |  | $ | 41,168 |  |  | $ | 43,239 |
The following is a discussion of revenues within the scope of ASC 606: Card revenue Card revenue primarily relates to debit card fees earned from interchange and ATM fees. Interchange fees are earned whenever Customers' issued debit and prepaid cards are processed through card payment networks. Interchange fees are recognized concurrent with the processing of the debit card transaction. Deposit fees Deposit fees relate to service charges on deposit accounts for transaction-based, account maintenance and overdraft services. Transaction-based fees, which include services such as stop-payment charges, wire transfer fees, cashier and money order fees are recognized at the time the transaction is executed. Account maintenance fees, which relate primarily to monthly maintenance and account analysis fees, are earned on a monthly basis representing the period over which Customers satisfies its performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposit accounts are withdrawn from the depositor's account balance. The revenues recognized at a point in time primarily consist of contracts with no specified terms, but which may be terminated at any time by the customer without penalty. Due to the transactional nature and indefinite term of these agreements, there were no related contract balances that were recorded for these revenue streams on Customers' consolidated balance sheets as of December 31, 2020 and 2019. University fees University fees represent revenues from higher education institutions and are generated from fees charged for the services provided. For higher education institution clients, Customers, through BankMobile, facilitated the distribution of financial aid and other refunds to students, while simultaneously enhancing the ability of the higher education institutions to comply with the federal regulations applicable to financial aid transactions. For these services, higher education institution clients are charged an annual subscription fee and/or per-transaction fee (e.g., new card, card replacement fees) for certain transactions. The annual subscription fee is recognized ratably over the period of service and the transaction fees are recognized when the transaction is completed. BankMobile also entered into long-term (generally three or five-year initial term) contracts with higher education institutions to provide these refund management disbursement services. Deferred revenue consists of amounts billed to or received from clients prior to the performance of services. The deferred revenues are earned over the service period on a straight-line basis.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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