How It Works

It's been a pleasure and a wonderful experience having an account with your institution. I became independent of my own money. I get to handle and manage my finances how I want it. I know how much is in my account, how much I have to spend and on what I have to spend. The most exciting part of it is the card. It gives me a peace of mind when I shop in stores, outside stores, and online.

Zaliya, Peralta Community College District

Your Questions Answered!
Your school delivers refunds with BankMobile Disbursements, a technology solution, to offer faster delivery of refunds to students. Naturally, you may have some questions about this new process, so we’ve provided an overview of our services – click through to find out more about who we are and what we can do for you.
What is BankMobile Disbursements?

Your school delivers financial aid refunds and other credit balances to students with the BankMobile Disbursements platform. Some of the reasons you might receive money include: dropping or canceling a class, or the receipt of Financial Aid or a grant. In these cases, the school will send the refund to us to be disbursed to you. By selecting a refund preference, you'll have the power to choose how you would like to receive funds. Choices include an electronic deposit to another account, a paper check (if offered by the institution during refund selection) or electronic deposit to a BankMobile Vibe Checking Account, a digital-only, FDIC insured checking account designed specifically for students with access to 55,000 fee-free Allpoint® ATMs (Allpoint ATM location, availability, and hours of operation may vary by merchant and is subject to change), money management tools and a one-of-a-kind recognition program. We are committed to delivering 100% of students’ refunds, providing students with clear choices and offering great customer service.

When are refunds disbursed?

We will know when you will receive your refund only after your school sends us a refund file containing that information. Sign up for Mobile Alerts with us so you can be notified when your refund has been disbursed to us. But since each campus is different, the best way for you to find out when your refund might arrive is to contact your Financial Aid or Business Office.

Why do schools use the BankMobile Disbursements platform to deliver refunds?

We both have the same goal: putting students first. Choices include an electronic deposit to another account, a paper check (if offered by the institution during refund selection) or electronic deposit to BankMobile Vibe, a digital-only, FDIC insured checking account designed specifically for students* with access to 55,000 fee-free Allpoint® ATMs (Allpoint ATM location, availability, and hours of operation may vary by merchant and is subject to change), money management tools and a one-of-a-kind recognition program.

How will I receive my refunds?

We will send you a personal code in a bright green envelope that you’ll need at RefundSelection.com to select how you’d like to receive refunds. You will also receive a personal code via email. Your options include: deposit to another account, a paper check (if offered by the school during refund selection) or electronic deposit to BankMobile Vibe Checking Account, a digital-only, FDIC insured checking account designed specifically for students.

Where can I get more information?

You can get easy answers anytime by using our online FAQs or by reaching us through the number on the back of your card, email or social media.

For more information, see the BankMobile Vibe Checking Account Fee Schedule and Interest Rate Information and and Account Terms and Conditions.

I appreciate the service so much… I received my student refund through this account and have had it ever since.

Phyllis, Colorado Technical University

My experience… has been nothing but positive... Anytime I've had a problem in the past, you guys have always been there to help me…

Justine, Clark College

I will always appreciate the prompt and professional service they provided when I needed them most.

Jacqueline, Brown Mackie College