Choices for Student Refunds - BankMobile Disbursements
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Student Choices

You Have Choices!

Your school has partnered with BankMobile to deliver financial aid refunds and other credit balances to students. We are committed to securely processing your refunds 100% of the time, providing students with clear choices and offering great customer service. Choices include a deposit to an existing account, or deposit to BankMobile Vibe checking account, a digital-only, FDIC-insured non-interest bearing checking account designed specifically for students* with fee-free access to over 55,000 Allpoint® ATMs, money management tools and a one-of-a-kind recognition program. At some schools, a paper check is an option.


*View our Fee Schedule and Terms and Conditions for information on how we determine student status and interest.



One to Two
Business Days

Deposit to an
Existing Account

Fees and Features vary from institution to institution, including:

• Monthly Fees  

• Overdraft Fees  

• Mobile Deposit  

• ATM Access  

• Cash Deposit Limits  

• Cash Withdrawal Limits

Please check your fee schedule and the terms & conditions of your account to confirm the fees and features. We encourage you to be aware of all the features and fees associated with your 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.


Business Day

Deposit to a BankMobile Vibe
Checking Account

• An optional interest-bearing savings account is available with your Vibe checking account

• Essential banking features like mobile deposits and free online Bill Pay

• Virtual card to get access to your money now

• Fee-free access to over 55,000 Allpoint® ATMs

• Rewards for academic achievements

• Tools to help you develop your career

• You can continue to use this as your primary bank account when you're no longer a student*, and you will be eligible to earn interest on the account when you make $500.00 or more in point-of-sale purchases.

• Vibe has no minimum balance requirements and has a $1.99 monthly service fee for all customers effective through May 29, 2019. Effective May 30, 2019, the monthly service fee will be $2.99, however, you may avoid this fee by depositing a total of $300 or more during each statement cycle. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits and cash deposits such as those made via Green Dot® Reload @ the Register™. Financial aid refunds or other refunds issued by your school, internal account transfers, fee waivers, fee credits, returned items or dispute credits are not eligible toward the $300 in total deposits. For full details, see our Fee Schedule and Account Terms and Conditions on

*View our Cash Withdrawal, Deposit Limits, Fee Schedule and our Terms & Conditions for information on how we determine student status and interest.

If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.

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