Refund Disbursement Process: BankMobile Disbursements
Peninsula College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: http://bankmobiledisbursements.com/how-it-works
To view our third-party servicer contract for refund management, click here.
Tips for using BankMobile Vibe Checking:
Spending limits using your Vibe debit card are limited to $2,500 per day between the following options:
*$500 in ATM withdrawals
*$2,500 at a merchant or bank teller (but no more than $500 per day in PIN-based debit card transactions)
Transferring from another school that used BankMobile?
Each college creates their own BankMobile profile for students. These profiles cannot be merged by transferring from one school to another school. Peninsula College will create a new profile for you in BankMobile. Your current email address on-file with the college can only be listed as the “primary” email in one BankMobile account. If the same email address is used for Peninsula College and another college, it will cause problems with our disbursement process until you change your primary email address in BankMobile or change it in your ctcLink account through the Student Portal.
Did you have an experience with BankMobile that you would like to share with us?
Please take a moment to fill out our feedback/comment form and share the details of your experience with BankMobile. Some ideas for your consideration might be:
- Wait time / responsiveness of BankMobile customer service representative
- If you contacted them about an account issue, did they help resolve the issue?
- Were they clear in their communications with you?
Unclaimed Funds
If you receive a financial aid refund as a paper check and do not negotiate that check (cash or deposit it) within 2-3 months, it will time out and become a stale check. BankMobile will return the funds to the College at that time, and we will reach out to you (by email and phone call) to ask if you would like the check to be re-issued.
Unclaimed Title IV funds (all Federal student aid such as the Pell Grant and Direct Student Loans) which are returned to the College will be returned to the Federal Dept. of Education no later than 240 days after the date that the first refund check was issued, per Federal policy. This means you have a limited amount of time to follow-up and request that a refund be re-issued.
Unclaimed State funds (such as the WA College Grant, Bridge Grant, College Bound Scholarship, and Passport to College Scholarship) which are returned to the College will be returned to the WA Student Achievement Council (WSAC) by the close of the academic year.