Refunds to your selected refund preference occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit. The excess funds will be refunded to your refund option choice you made on BankMobile.
- Electronic deposit to another account
Money is transferred to another account the same business day BankMobile receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
- Electronic deposit to a BankMobile Vibe Account
If you open a BankMobile Vibe account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
Financial aid refunds begin at the end of the fourth week of classes of the earliest session you are enrolled in.