How Do I Get My Financial Aid Disbursement?

Electronic Disbursements

All financial aid awards will be disbursed via direct deposit (ACH Transfer) or to the BankMobile Vibe Checking Account, depending on the option you choose. Identity verification is required by federal law for all new BankMobile Vibe Checking Accounts. If you open a Vibe Checking Account, you may be asked to provide more information than was requested in the account opening process.

Upon receipt of your refund kit, you must declare a disbursement option as soon as possible. You may choose one of the following options:

  • Your bank account via ACH direct deposit (3-5 business days)
  • BankMobile Vibe Checking Account
  • If you do not declare a refund option, a check will be made to the address you have listed with admissions and records. (may take up to 21 days after scheduled disbursement)

The BankMobile Vibe Checking Account features include:

  • BankMobile Vibe is a checking account specifically designed for students

  • Get rewarded for your smart moves in and out of the classroom with the Passport recognition program.

  • Say adios to ATM fees, thanks to over 55,000 fee-free Allpoint® ATMs

  • Master your financial universe with our built-in money management tools.

Benefits include:

  • No Monthly fee for students
  • No return deposit item fee
  • No stop payment fees
  • No PIN fee
  • No ATM fees at Allpoint ATMs

 

All students will be asked to select a refund delivery preference from the options listed above. Here’s what you need to do:

  1. Update your mailing address
    BankMobile will mail a Refund Selection Kit to the current address you have on file with San   Bernardino Valley College. If you’re not sure that San Bernardino Valley College has your current mailing address, please take a moment to update your address information Web-Advisor.
     
  2. Look for the green envelope
    Starting the week after December 1, 2018, look for your Refund Selection Kit, it will arrive in a bright green envelope to your address on file with San Bernardino Valley College. It contains your personal code for making your refund preference selection.
     
  3. Visit RefundSelection.com to make your choice
    Once your kit arrives, go to RefundSelection.com and enter your personal code to get started. Then simply select how you’d like to receive your money. If you select the BankMobile Vibe account as your refund choice, you will receive a temporary virtual Debit MasterCard® to use until your physical card arrives in the mail.


For more information, visit BankMobileDisbursements.com/how-it-works


 Click here to find the nearest surcharge-free ATM in your area. 

To view a copy of SBCCD's contract with this third party servicer, please click here.

To view number of student account holders, mean and median costs students incurred, please click here

To view the Student Financial Account Disclosure (Account Nutrition Label), click here