Small School Limited Offer - BankMobile Disbursements
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Hello. Allow us to introduce ourselves with a special offer.

As a limited promotion to celebrate the launch of our new service, BankMobile Disbursements (formerly Higher One Refund Management® Disbursement Service), is pleased to offer you promotional pricing.

 

As an institution with fewer than 5,000 students you are eligible for a rate of $5,000 per year plus transactions. This offer includes deployment, refund disbursement, reporting, compliance support and student service with a three year contract commitment

 

Read the offer letter you received in the mail here.

BankMobile Refund Management®:

Fast, secure and reliable

We streamline operations for administrators through an electronic disbursement program while improving delivery times of funds to students.

Low cost

Our service creates significant cost avoidance with regards to paper check or ACH disbursement processes.

Handles exceptions

We manage the entire process—saving your institution time, money and headaches.

Supports you and your students

An administrator-only help desk, student customer service through a customer support line, online FAQs, email, social media and more.

Compliant

Our service is focused on the Department of Education regulations and we provide a compliance exam to the Department of Education annually on behalf of all of our clients.

For a look at a sample contract, click here.

Frequently Asked Questions

What resources do I need for this program?

Our service is simple to start:

  • No deployment cost – $0
  • 100% electronic process for the institution
  • No hardware or software to install and works with all student information systems

What types of exceptions do you handle for us?

We provide a full service offering and handle all exceptions including:

  • Wrong ACH information
  • Closed bank account ACH re-issues
  • Easy reconciliation
  • Real-time access to disbursement data
  • Unclaimed funds
  • Stop payments
  • Check re-issues
  • Issue and re-issue checks instantly
  • Issue personal codes instantly
  • Returned checks due to bad addresses
  • Refund reversals

How long will this take to implement?

Our full support team will get you running in 8-12 weeks.

Read about our easy launch process and timeline here.

Do you offer any other services?

In addition to Refund Management services, BankMobile also offers: electronic payroll and work-study payments, PLUS loan disbursements and a student ID program.

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