Introducing SMC and BankMobile Disbursements Tuition Refund and Financial Aid Distribution!
Deposit to an Existing Account
Money is transferred to an existing account the same business day BMTX, Inc. receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
Deposit to a Bankmobile Vibe Checking Account
If you open a BankMobile Vibe Checking Account (upon identity verification), money is deposited the same business day BMTX, Inc. receives funds from your school.
Paper Check Delivered by USPS
A check is mailed the same business day BMTX, Inc. receives funds from your school, provided receipt is within daily cutoff times. Typically, it takes 5 – 7 business days for the check to arrive, depending on USPS First-Class® delivery timeframes.
View our third-party servicer contract for refund management.