BankMobile Disbursements puts students first. We handle all student refunds on behalf of your institution—regardless of the disbursement method they choose. Every student will experience:
A clear, neutral and transparent online process for selecting how they want their refunds.
Fast, reliable and secure access to their funds.
A choice in how they receive their refund, always free of cost. Choices include deposit to another account or electronic deposit to a BankMobile Vibe account.
Optional text alerts on the status of their refunds, regardless of how they receive them.
Free customer service through a customer support line, online FAQs, email and social media.
In addition, every student—regardless of past credit history—has the option to open an FDIC-insured checking account with access to 55,000 fee-free ATMs. Our student account is one of the most student-friendly accounts on the market and offers strong student protections put in place by new Department of Education regulations. Now you can have peace of mind that your students have access to a great account and won’t be bombarded with credit card and loan offers. The optional BankMobile Vibe account has no monthly fee for students,* no minimum balance requirements, no overdraft fees or no NSF fees, and no inactivity fee.
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