Why did I receive a check from BankMobile?
What is BankMobile Disbursements? 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.
Is BankMobile a good bank?
Out of a maximum score of 5 stars, most customers give BankMobile around 4 stars. On TrustPilot, the overall review score is 3.8. Almost half of the reviewers rated BankMobile with an excellent rating and only 29% of reviewers gave the bank a very low rating of 1 star.
Do I have to pay back BankMobile disbursements?
If you drop courses to a lower enrollment level or do not commence attendance in all classes after the disbursement is sent to BankMobile, and before the census date (10th day of term fall, winter, spring, and 8th day summer term) you the student will be responsible to repay the amount owed based on that change in …
Why is my school giving me a refund?
When a student loan exceeds a student’s actual expenses, the result is a financial aid refund. Once a surplus from all available sources of aid is assessed, including federal and private loans, a student can be issues a refund check for FAFSA to cover the difference.
Is BankMobile Vibe only for students?
The BankMobile Vibe Checking Account is a digital-only, interest bearing FDIC-insured checking account available to students at your school.
Can you transfer money from BankMobile vibe to another bank?
WIRE TRANSFER MONEY FROM BankMobile to ANOTHER BANK ACCOUNT – There is a $25 fee for every wire transfer. – $10,000 max limit to transfer to own bank acct. – $1,000 max limit to transfer to another person’s bank acct. 1.
Is BankMobile only for students?
Because the accounts are limited to students at participating colleges or universities, you’ll need to get your BankMobile login and password before you can sign up for an account.
Is BankMobile a loan?
Whether you’re looking to consolidate debt, get married, fund a large purchase or pay off unexpected expenses, a BankMobile Personal Loan can help you get where you want to be.