How It Works - BankMobile Disbursements
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How It Works

It's been a pleasure and a wonderful experience having an account with your institution. I became independent of my own money. I get to handle and manage my finances how I want it. I know how much is in my account, how much I have to spend and on what I have to spend. The most exciting part of it is the card. It gives me a peace of mind when I shop in stores, outside stores, and online.

Zaliya, Peralta Community College District

Your Questions Answered!
BankMobile Disbursements has partnered with your school to deliver refunds. Naturally, you may have some questions about this new process, so we’ve provided an overview of our services – click through to find out more about who we are and what we can do for you.
Who is BankMobile Disbursements?

Your school has partnered with BankMobile Disbursements to deliver financial aid refunds and other credit balances to students. We are committed to delivering 100% of students’ refunds, providing students with clear choices and offering great customer service. Choices include an electronic deposit to another account, a paper check (if offered by the institution during refund selection) or electronic deposit to BankMobile Vibe, a digital-only, FDIC insured non-interest bearing checking account designed specifically for students with access to 55,000 fee-free Allpoint® ATMs, money management tools and a one-of-a-kind recognition program.

What is a refund?

On occasion, your school may have money for you in the form of a refund. Some of the reasons you might receive money include: dropping or canceling a class, or the receipt of Financial Aid or a grant. In these cases, the school will send the refund to BankMobile Disbursements to be disbursed to you. By selecting a refund preference, you'll have the power to choose how you would like to receive funds.

When are refunds disbursed?

BankMobile Disbursements will know when you will receive your refund only after your school sends us a refund file containing that information. Sign up for Mobile Alerts with us so you can be notified when your refund has been disbursed to us. But since each campus is different, the best way for you to find out when your refund might arrive is to contact your Financial Aid or Business Office.

Why do schools partner with BankMobile Disbursements?

Schools and BankMobile Disbursements have the same goal: putting students first. Choices include an electronic deposit to another account, a paper check (if offered by the institution during refund selection) or electronic deposit to BankMobile Vibe, a digital-only, FDIC insured non-interest bearing checking account designed specifically for students with access to 55,000 fee-free Allpoint® ATMs, money management tools and a one-of-a-kind recognition program.

How will I receive my refunds?

BankMobile Disbursements will send you a personal code in a bright green envelope that you’ll need at RefundSelection.com to select how you’d like to receive refunds. Your options include: deposit to another account, a paper check (if offered by the school during refund selection) or electronic deposit to BankMobile Vibe, a digital-only, FDIC insured non-interest bearing checking account designed specifically for students.

Where can I get more information?

You can get easy answers anytime by using our online FAQs or by reaching us through the number on the back of your card, email or social media.

It was the only bank account that I could get. I appreciate the service so much… I received my student refund through this account and have had it ever since.

Phyllis, Colorado Technical University

… available when a traditional bank was not able to assist me with a bank account... I will always appreciate the prompt and professional service they provided when I needed them most.

Jacqueline, Brown Mackie College

My experience… has been nothing but positive... Anytime I've had a problem in the past, you guys have always been there to help me…

Justine, Clark College

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