Your student’s school partners with BMTX, Inc. to deliver refunds with our BankMobile Disbursements service. Schools refund money to students who have leftover funds from financial aid, loans, or even from a dropped class. Selecting a refund delivery method with BankMobile Disbursements ensures your student will receive their funds in the quickest, most reliable, and safest method possible.
Your student can have access to their funds either same business day or up to 2 business days, depending on their choice. A refund delivery method should be selected even if they are not expecting a refund. There could be a refund in the future, and your student can be prepared to receive their money without delay.
If a refund preference is not selected, it may take up to 21 days for your student to receive their money. Don’t let them wait!
Money is available 1 – 2 business days after we receive the funds from the school.
Money is available (upon identity verification) the same business day we receive the funds from the school.
Visit RefundSelection.com
Enter the personal code we sent in the mail and by email. If a new personal code is needed, request one at RefundSelection.com.
Select how school refunds should be delivered.
The school receives a student’s financial aid, loan, or grant money from the respective provider.
The school then subtracts their tuition and fees from this amount. The leftover money is known as a refund.
After the school process the refund, they send the money to us.
We release the funds according to the student’s selected delivery method the same day we receive the funds from the school. It may take up to 21 days for your student to receive their money if no preference is selected.
BankMobile Disbursements is a service provided by BMTX, Inc. that helps colleges and universities across the U.S. deliver refunds to students. We have been helping students for over 20 years! In fact, we partner with over 700 campuses, and one in every three students in the U.S. receives their school refunds through BankMobile Disbursements.
Schools refund money to students who have funds leftover from financial aid awards, loans, or grants. Refunds can also come from overpayments and dropped classes. Students need to have access to this money as soon as it is available.
Students need to visit refundselection.com and select how they would like any possible refunds delivered to them. If they do not choose their delivery preference, it could take up to 21 days to receive their money.
By choosing an electronic option, students can receive their money the same business day or up to 2 business days from when we received the funds from the school.
If your student attends one of our partner schools, they will receive a personal code from us in the mail and by email. They will use this code to start the process of choosing how they want their money delivered. If they can’t find their code, they can visit refundselction.com and request a new one.
Your student might not currently expect money from their school, but they may receive a refund in the future. After all, they may drop a class, make an overpayment, or apply for a loan to pay for off-campus housing, for example. Establishing a refund preference now ensures they will always have this money without delay.