Student Accounts

We help you understand your college billing.

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Be on the lookout for your Personal Code in your mail and email. Once it arrives, simply follow these steps to make your refund preference selection:

  1. Visit RefundSelection.com.
  2. Enter your personal code.
  3. Select how you want your money delivered.

Refunds with BankMobile Disbursements

Schoolcraft College has partnered with BMTX (BankMobile Disbursements), a Tier 1 Refund Service Provider under Title IV, as regulated by the Department of Education. We encourage you to make a refund selection with BankMobile Disbursements to receive funds owed to you in a fast and secure manner. You can add an existing account or set up a Vibe account through BankMobile Disbursements.

  • Visit RefundSelection.com to make your selection or to get easy answers anytime by using the online FAQ database.
    • Your personal code will be in the email(s) sent to you by BMTX, or you can click on “I need a code” and follow the instructions on the website.
    • Your shared secret is your Schoolcraft 7-digit ID (without leading letter) and your birth month & day in MMDD format: 0123456MMDD

If you have questions about making a refund selection, please visit BMTX (BankMobile Disbursements), or contact Customer Care: 1-877-327-9515.

Important Notes

  • Students 16 years and under will not be eligible to receive funds through BankMobile Disbursements. If you are 16 or younger, we encourage you to enter your bank account info into Ocelot Access Self-Service for a faster refund.
  • If your refund is processed within 45 days of payment via credit card, the refund will go back to your original card.
  • If you don’t enter your bank information into Bank Mobile or Ocelot Access Self-Service (for students 16 and younger), you will receive a paper check in the mail within 21 days of refund processing.

Electronic Options

Your electronic options1 for receiving your refunds are:

  1. Deposit to an Existing Account: Money is transferred to an existing account the same business day we receive the funds from your school. Typically, it takes 1–2 business days for the receiving bank to credit the money to your account.
  2. Deposit to a BankMobile Disbursements Vibe Checking Account: If you open a BankMobile Disbursements Vibe Checking Account (upon identity verification), money is deposited the same business day we receive the funds from your school.

Frequently Asked Questions

What kinds of money might I receive?

The most common type of money we disburse to students are funds left over from financial aid awards, loans or grants after tuition has been paid. Students receiving these funds have usually requested this additional support to help with books and living expenses.

Other types of money may include reimbursement for tuition overpayment or a dropped class. We use the term “refund” but your school may have another name for these funds, such as a disbursement, residual or a stipend.

How will I get a personal code?

Mail: Look out for the envelope. Your code will be sent to the address you have on file with your school.

Email: We will send you an email with your code.

On Demand: Visit RefundSelection.com and click on the Need A Code? link. You may use any personal code assigned to you to make your refund preference selection.

How is my money delivered?

Delivery of refund money is a multi-step process. First, your school draws funds from the respective loan and/or grant provider and applies it to your student account. Once this information is verified by your school, it is sent to BMTX, Inc. Once the specific refund information and funds are received, it is processed and disbursed according to your selection.

How will I know when my money has been sent?

We send you an email to the address you entered during setup or you can view the status of your refund online at RefundSelection.com.

You can also sign up for mobile alerts3. An alert will be sent each time the status of your refund changes. These alerts are sent real-time to provide you with the most up-to-the-minute information regarding your refunds. To sign up, select Mobile Alerts from the User Profile menu option.

Can I change my preference for receiving money?

Yes. Just log in to RefundSelection.com and select Refund Preferences from the Refunds menu option. Once on the page, make your new selection and click the Update Preference button to complete the process. Be aware that your new selection will only affect future money you receive from your school.

Please note, there may be circumstances where your ability to change your refund preference may be restricted. For example, if we become aware of potential ID theft or compromised account.

BankMobile Disbursements Vibe Checking Account

What is the BankMobile Disbursements Vibe Checking Account?

Designed exclusively with students in mind, the BankMobile Disbursements Vibe Checking Account is a digital-only, FDIC insured checking account that offers the power to bank anywhere, anytime. You can earn interest with qualifying deposits2. If you select the BankMobile Disbursements Vibe Checking Account as your refund choice, you will receive a temporary virtual Debit Mastercard® to use until your physical card arrives in the mail. Also, you can earn interest with qualifying deposits.

Identity Verification is required to open up a BankMobile Disbursements Vibe Checking Account online via our Customer Identification Program (CIP). You can be ready by having handy one of the following: Government-issued photo ID (non expired), signed Social Security card or state-issued ID or passport.

Does the BankMobile Disbursements Vibe Checking Account have a monthly service fee?

Yes. The BankMobile Disbursements Vibe Checking Account has a $2.99 monthly service fee, however, you may avoid this fee by making Qualifying Deposits totaling $300 or more per statement cycle. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits, point-of-sale deposits and cash deposits such as those made via Green Dot® Reload @ the Register™.

Financial aid refunds or other refunds issued by your school, interest earned on your account, promotional credits such as cash back awards, internal account transfers, fee waivers, fee credits, returned items or dispute credits are not eligible toward the $300 in total deposits. For more information, see the BankMobile Disbursements Vibe Checking Account Fee Schedule and Interest Rate Information and Account Terms and Conditions

BankMobile Disbursements Vibe Checking Accounts provided by First Carolina Bank, Member FDIC and Equal Housing Lender.
1At some schools paper check delivered by USPS is an option.
2For details see the BankMobile Disbursements Vibe Checking Account Fee Schedule and Interest Rate Information and Account Terms and Conditions.
3Message and data rates may apply, please see your provider for details.