Don’t Delay School Refunds to Your Student

Help your student choose how they want their money delivered today!

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!

We will always offer two electronic options for receiving school refunds:
Transfer to an existing bank account

Money is available 1 – 2 business days after we receive the funds from the school.

Deposit to a BankMobile Vibe Checking Account

Money is available (upon identity verification) the same business day we receive the funds from the school.

Have your student follow these steps to select their refund delivery method today!

Step 1


Step 2

Enter the personal code we sent in the mail and by email. If a new personal code is needed, request one at

Step 3

Select how school refunds should be delivered.

Understanding the refund process:


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.

Read our FAQs for more information

What is BankMobile Disbursements?

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.

Why do schools refund money?

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.

What do students need to do to get their money without delay?

Students need to visit 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.

How can students choose to have their money delivered quickly?

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 and request a new one.

Why should students choose a refund delivery method if they are not expecting a refund?

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.

What if I have additional questions?
    1. Get easy answers anytime by using our online FAQ database
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