BankMobile Disbursements
Financial Aid Refund Process and Credit Balances
When it comes to receiving financial aid refunds and credit balances, you deserve choices! 51萝莉 delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, inc.
It is critical that all students have a correct mailing address on file with Chaffey College to receive your Refund Selection Kit. Please log onto the My Chaffey Portal by clicking to confirm or update your permanent address.
All students enrolled at 51萝莉 will receive information by mail and e-mail from BankMobile regarding the process to select their refund preference. Receiving a Refund Selection Kit is not a guarantee of financial aid. Even if you do not expect a refund from 51萝莉, you may receive one in the future for many reasons (i.e. scholarships, other resources, etc.).
Please go online at for more information and make your refund selection preference.
When you receive this kit (green envelope in the mail), follow these simple steps to choose a preference:
- Once you receive your Refund Selection Kit, select
- In your green envelope there will be a unique Personal Code which you will need to select your disbursement method. If have lost your Personal Code you can request another code by contacting the 51萝莉 Financial Aid Office.
- Select how you鈥檇 like to receive your money
- Click on the link below under Let' Get Started. Your choices for disbursement delivery are just a few clicks away!
Let's Get Started!
- Complete your profile. On the next screen, you will enter your email and create a password.
- After your password, you will enter your Date of Birth in the format YYYYMMDD. Example:
If your birthday is October 31, 1997, you would enter 19971031.
BankMobile Disbursement Options:
ELECTRONIC DEPOSIT TO ANOTHER ACCOUNT
Money is transferred to another account the same business day BankMobile receives funds from your 51萝莉. Typically, it takes 1 鈥� 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 51萝莉.
Important Links
Due to federal regulations, BankMobile is required to properly identify each of its account holders.
This link allows you to request a Refund Selection Kit Personal Code so you can select your disbursement method.
For additional help call BankMobile at 1-877-327-9515.
Title IV Credit Balances (Pell and SEOG grants, Direct Loans): Credit balances created by these credits will be automatically issued within the timeframe per federal regulations 14 days from the date your financial aid was applied to your account to process a Refund. If a credit balance remains that is owed to the student, the college will issue a credit balance refund via BankMobile Disbursements refund process.
Disbursement Information Link: /financialaid/disbursement-dates.php
To view our third-party servicer contract for refund management, click .
