ePLUS is an online resource parents can use to help them manage their PLUS Loan refunds. It’s a fast and easy way to send money directly to their students and manage different accounts or loans used to send their students money.
Deposit to an existing account
Money is transferred to an existing account the same business day BankMobile receives funds from your student’s school. Typically, it takes 1 to 2 business days for the receiving bank to credit the money to the students account.
Deposit to a BankMobile Vibe checking account
If the student opens a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your student’s school.
*At some schools, paper check is an option.