Refund Choices with ID
Your school has partnered with BankMobile to deliver your financial aid refund and provide you with your official School ID card. We are committed to offering great customer service. BankMobile has been helping students and colleges for over 18 years. Click here to learn more about BankMobile Disbursements.
When it comes to deciding how to get your money, you deserve choices. Regardless of your choice, please hold on to the card in your refund selection kit, this card is required for on-campus use.
Your choices include:
DEPOSIT TO AN EXISTING ACCOUNT – Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
DEPOSIT TO A BANKMOBILE VIBE CHECKING ACCOUNT – If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
At some schools a paper check option may be available.
To Get Started:
Look for your Refund Selection Kit. It will arrive in a bright green envelope and contain your Personal Code and your official school ID card required for on-campus use. Once you have your code, follow these easy steps:
Step 1
VISIT refundselection.com
Step 2
ENTER your unique Personal Code from the green envelope
Step 3
SELECT how you’d like to receive your money
Don’t have your Personal Code and your Official School ID card?
Check your mail for the bright green envelope or go to here to track it online.
Are you due a refund?
If you don’t receive financial aid, you still may receive money back from the school in the future. After all, you may drop a class or make an overpayment. Going through this process now can ensure you’ll receive any money owed to you by your school in a timely manner.
If you’re due a refund, you’ll get an email from BankMobile letting you know when it’s been processed.
You can also have refund alerts sent directly to your mobile phone. Signing up is easy:
1. Log in to your profile
2. Under the ‘User Profile’ tab, select ‘Mobile Alerts’
3. Follow the prompts. (Text message fees by your service provider may still apply).
FAQs
What kind of money might I receive from your school?
The most common type of money BankMobile disburses to students are funds left over from financial aid awards, loans or grants after tuition has been paid. Students receiving these funds have usually requested this additional support to help with books and living expenses. Other types of money may include reimbursement for tuition overpayment or a dropped class. BankMobile uses the term “refund” but your school may have another name for these funds, such as a disbursement, residual or a stipend.
Why am I getting a Personal Code?
You will use your Personal Code to make your refund selection at RefundSelection.com.
How will I get a Personal Code?
You will receive your Personal Code in the mail at your primary address on file with your school. Just look for the bright green envelope and please make sure your address is up to date. The personal code is also emailed to you using the email address on file with your school.
How is my money delivered?
First, your school draws funds from the respective loan and/or grant provider and applies it to your student account. Once this information is verified, it is sent to BankMobile. Once the specific refund information is received, it is processed and disbursed according to your selection.
Can I change my refund preference for receiving money from your school?
Yes. Just log in to RefundSelection.com and select “refund preferences” from the “Refund” menu option. Once on the page, simply make your new selection and click the “Update Preference” button to complete the process. Be aware that your new selection will only affect future money you receive from your school.
How will I know when my money has been sent?
BankMobile will send you an email to the email address you entered during refund selection. You can also set-up text alerts or view your refund status online at RefundSelection.com.
What is the BankMobile Vibe account?
The BankMobile Vibe checking account is a digital-only, FDIC insured checking account with access to 55,000 fee-free Allpoint® ATMs, money management tools and a one-of-a-kind recognition program. You can continue to use this account when you are no longer a student and BankMobile also offers an interest-bearing savings account.
Does the BankMobile Vibe checking account have a monthly service fee?
Yes. The BankMobile Vibe checking account has a $2.99 monthly service fee, however, you may avoid this fee by making Qualifying Deposits totaling $300 or more per statement cycle. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits, point-of-sale deposits and cash deposits such as those made via Green Dot® Reload @ the Register™. Financial aid refunds or other refunds issued by your school, interest earned on your account, promotional credits such as cash back awards, internal account transfers, fee waivers, fee credits, returned items or dispute credits are not eligible toward the $300 in total deposits. For more information, see the BankMobile Vibe Checking Account Fee Schedule and Interest Rate Information and Account Terms and Conditions.
What if I have additional questions?
Visit RefundSelection.com or get easy answers anytime by using our online FAQ database
Learn more about BankMobile Vibe
BankMobile Vibe is a checking account that offers the power to bank anywhere, anytime. This is one of your electronic options to receive your refund.
Through unique features and functionality designed exclusively for students, BankMobile Vibe empowers and guides students in their pursuit of financial and academic success. We assist students in reaching their financial goals through the BankMobile Vibe Savings Account:
Passport
A recognition program that recognizes students for smart moves in and out of the classroom.
Allpoint® ATMs
Say goodbye to ATM fees, thanks to over 55,000 fee-free Allpoint ATMs.
Debit Card On/Off Switch
Temporarily turn off your card to help protect against unauthorized use in the event your card is misplaced.
Snapshot
Master your financial universe by setting up reserves to achieve your financial goals. This convenient mobile feature does the math for you and gives you a more accurate view of your financials by delivering a financial snapshot.
Bill Pay
Make bill-paying faster, easier and more secure. With Online Bill Pay you can:
• Set up recurring payments
• Manage Bill Pay recipients
• View payment history
Money Meter
Manage money in minutes with Money Meter, the BankMobile Vibe accounts interactive budgeting tool. Use it to:
• Track your spending
• Set up monthly budgets in multiple categories
• Monitor your cash flow
• View your spending history