How It Works

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), and financial literacy tools. We are committed to delivering 100% of students’ refunds, providing students with clear choices and offering great customer service.

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.

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), and financial literacy tools.

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.