You can choose an electronic deposit to an existing account, a paper check (if offered by the institution during refund selection) or electronic deposit to an optional BankMobile Vibe account. Additionally, we believe that you should be aware of your choices and any related fees.
Regardless of your choice, BankMobile Disbursements releases your money the same business day that we receive the funds from your school. Please note that BankMobile Vibe is one of your refund options but you are not required to open this account.
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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 receives funds from your school. Typically, it takes 1 2 business days for the receiving bank to credit the money to your account.
• Essential banking features like mobile deposits, free checks and free online Bill Pay
• Virtual card to get access to your money now
• No monthly fees for students*. No overdraft fees.
• Fee-free access to over 55,000 Allpoint® ATMs
• Rewards for academic achievements
• Tools to help you develop your career
If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.