The reply's were fast and straight to the point. Get Featured on AdvisoryHQ. Go to myHACC. We appreciate the review of BMTX Annie! See if the website is legit with our validator: Here are the best ways to spot a scam this year. As mentioned above, it is a company that is now listed among thetop 15 banksin the U.S. based on some key parameters. 1 1 Early access to funds cannot be . This is a dream come true for the younger generations who still need to pay their bills but hate traditional banking methods such as waiting in long lines, writing checks or struggling to find an ATM. However, as the site is not at maximum rating just yet, we tried scraping a relevant phrase from it (see below) to see how they describe themselves: Now let's look at what determined www.refundselection.com having such a super high rating. All Rights Reserved. How can students choose to have their money delivered quickly? Additionally, when they first launched, BankMobile tried to introduce a few new banking ideas that were considered somewhat unorthodox by the public. Why should students choose a refund delivery method if they are not expecting a refund? Grand Rapids Community College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. If a credit balance remains on your account after your tuition, fees and other authorized charges are paid, a refund will be issued to you within seven days. I was already upset because I wanted to use that money to pay for my spring courses. Students can select how they receive their refunds based on the refund preferences offered by their school. GRCC is an institution committed to accessibility, diversity and equal opportunity. Refund Selection at refundselection.com is not a scam. To receive your excess credit balance, you must have a refund selection set up with BankMobile Refund Choice. Takes forever to issue a refund after the merchant has already released the funds. Also, if you get into an overdraft situation and spend more than you have in your account (known as going into the red zone), the bank wont stop you from completing that transaction. Paul. Not one time was I nervous or freaking out cause Paul laid everything out for me. Mike. As of 6 PM ET on 1/10/23, we have only received your file from your school, however, have not received your refund yet.BMTX discloses to all students that we will process student refunds the same business day once the funds are received from the schools. However, based on our research and findings we saw no factors pointing to BankMobile being an illegitimate or unsafe online bank. It could be the case with www.refundselection.com as well. Cashier's Office. This includes financial aid refunds, bookstore returns, RaiderCard refunds, overpayments or dropped class refunds. What does that mean? They also gave me a tip to confirm my phone number which I did. Review AdvisoryHQs, Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Lets take a closer look at the pros and cons found across the various BankMobile reviews. Press question mark to learn the rest of the keyboard shortcuts. Without the cost of physical locations, these banks have the opportunity to lower their fees and save consumers a lot of money. Instagram I am so glad Cathy was able to help you. 2023 BMTX, Inc., a wholly owned subsidiary of BM Technologies, Inc. Accounts provided by Customers Bank, Member FDIC & Equal Housing Lender. It's always something with this account. He told me everything I needed to do STEP BY STEP! By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The check is legitimate as it comes from your school. The subreddit for discussion related to college and collegiate life. Money is available 1 2 business days after we receive the funds from the school. You continue to use it as your primary bank account when you're no longer a student and get access to BankMobile loan products! Is www.refundselection.com safe? I wouldn't recommend them to use as an actual bank rather than a place to get your school refund and move it to your actual bank account. Paul. Paul. Selecting a refund delivery method with BankMobile Disbursements ensures you will receive your funds in the quickest, most reliable, and safest method possible. Theyalso dont charge overdraft fees, insufficient funds fees, monthly service fees, or cashiers check fees! Learn how to verify your address, phone number and e-mail. This can be considered a good thing for some customers, but to many others, it is considered a lack of protection. Thanks again! Refunds are processed after the posted add/drop date of the term and sent via the . In conclusion, you still need to be careful when conducting business on ANY site, not just www.refundselection.com. The ITS Help Desk has received numerous inquiries about an email from BankMobile asking students to select a delivery message for their refund. They ain't that darn busy. Are you just about to make a purchase online? This section contains additional details and insights about the trend towards online banking. We look forward to hearing from you. Though rates can change at any time, its free savings account is paying higher than most big banks right now. Notify me about the newest scams every week. They also gave me an important tip: even if your account is suspended, you can still unlock it if your phone number is registered to receive Mobile Alerts. When youre choosing the best bank for you, be sure you have a list of priorities in mind. When you see your refund processed on your ESC account, your funds will be sent to BankMobile Disbursements on the next business day. Sary was awesome and helped me in a speedy and efficient manner. http://expertpaperwriter.com/speedypaper-com-review/, how much does it cost to have someone write your essay , Apex Business WordPress Theme | Designed by, Leave your email to get new posts sent directly to your inbox, http://www.esc.edu/student-accounts/financial-aid-refunds/refunds-faq/, http://www.bbb.org/us/ct/new-haven/profile/financial-services/bank-mobile-vibe-0111-87125109/complaints, http://www.consumer.ftc.gov/articles/0102-refund-and-recovery-scams, http://expertpaperwriter.com/speedypaper-com-review/, how much does it cost to have someone write your essay. Everyone has a different understanding of what is most important to them. Created: 15:00:27, Friday, Feb 3, 2017 (by Deb M.)Updated: 15:00:27, Friday, Feb 3, 2017 (by Deb M.). Mike, So I wrote a review for this clown bank and got a response but cant reply so I am replying this way I have verification from the school that my funds were released last week to you I have confirmation from the bank that the file is there the school confirmed this with the bank and yet the funds seem to be in the wind and its on the bank end not the school and the school also confirmed that Monday made 2 business days and there is no reason that my money is not in my account..bank continues to try and transfer me to the automated system even though the delay that they and the school said shouldnt be happening is happening..this has been a ongoing issue, Hello Julianna. A refund delivery method should be selected even if you are not expecting a refund. For students receiving financial aid from their school, BankMobile guarantees they will receive their funds on time no matter the circumstances. They explained everything well and made my issue a nice and easy fix all under 20 min with minimum time in replying. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Refunds can also come from overpayments and dropped classes. You typed in the domain www.refundselection.com even though you have heard of this business before. As you are probably aware, other banks charge between $6 and $40 for these types of services. Student Financial Services (formerly Cashier's office)(616) 234-4020StudentFinancials@grcc.edu, 143 Bostwick Avenue NE Finder.com is another site where you can find a few online BankMobile reviews, and their overall rating for the bank is 4 stars. Delivering 100% of your refund Keeping your data secure Allowing students to change refund preferences at any time Providing students with clear choices Offering great customer service Your choices include: Deposit to an Existing Account We also ensure all reviews are published without moderation. If the student selects to open a BankMobile Vibe Account, they must agree to our Terms and Conditions before the account is opened. Select Your Preference Now! In fact, justtaking a picture of the billthat needs to be paid is enough to do the job. Thanks again for posting! In the Terms and Conditions, it states that we may close your Account at any time for any reason and without notice to you. It is focused on technology, innovation, easy-to-use products, and education with the mission of being customer-obsessed and creating customers for life. The BMTX digital banking platform employs a multi-partner distribution model, known as Banking-as-a-Service (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners, and business. Your school partners with BMTX, Inc. to deliver refunds with our BankMobile Disbursements service. Have you dealt with this website? If a credit balance remains on your account after your tuition, fees and other authorized charges are paid, a refund will be issued to you within ten days. This company is relatively new but has already established itself as one of the biggest and fastest-growing online banks in the United States. BankMobile Disbursements is a division of Customers Bank. It has a alexa rank of #92,075 in the world. Although not required, almost two million students have chosen to open a Vibe account as we have successfully partnered with seven hundred schools across the USA. I was having trouble with login info. BankMobile Disbursements is a service provided by BMTX, Inc. that helps colleges and universities across the U.S. deliver refunds to students. The firms banking application also provides services like Money Meter that help customers get a holistic view of all their spending. In addition, students using their BankMobile cards are able to use these cards without any fees when getting cash from these ATMs. Thank you! The basis for refunds of refundable fees: Refunds of 100% (less nonrefundable fees) will be made until 11:59 p.m. on the last day of registration (end of the posted add/drop period). Santa Monica College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. You will receive a Refund Selection Kit with instructions on how to select your refund preference. Contact the Registration office at 717-780-2378 for help. He responded with urgency and responded to my needs to very quick and kept me updated through the whole process. This message is legitimate and requires action on the part of the student. The comments, reviews or answers below do not necessarily reflect the views of Online Threat Alerts (OTA). I only have it for school otherwise I'd never deal with them again. LinkedIn Sary was very quick and helpful. On theBetter Business Bureausite, there are over 300 BankMobile complaints about their Vibe account option. We release the funds according to the students selected delivery method the same day we receive the funds from the school. Introduction: Does BankMobile Really Allow Students to Save Millions? Would definitely recommend him! Receive a paper check in the mail from BankMobile (refunds are available 5-7 business days after the funds are released to BankMobile) Also review each firms site for the most updated data, rates and info. Either you selected the check as a method of delivery or it defaulted to that. It may have been moved, renamed or They only have apersonal loanpackage that offers up to $30,000 with an APR of 16% and standard credit with a fee that ranges from 14.74% to 22.74. If a new personal code is needed, request one at RefundSelection.com. Be on the lookout for your Personal Code. Kristen, Thanks for the awesome review, Kristen! I maxed out login tired and got my account suspended. Surfshark has a super powerful antivirus program. Visit RefundSelection.com and select "Need a Code?". 5. I am scared to enter my account information I do not know how much I will be refunded since I have not attended school since 1998 how do I even know I will be getting a refund that seems like an awful long time to locate me don't you think? It seems like the www.refundselection.com website and its Banking niche are trendy these days. BMTX follows all MasterCard rules and regulations when handling purchases and disputes. Mike was amazing and was very helpful and kind! The leftover money is known as a refund. Schools refund money to students who have funds leftover from financial aid awards, loans, or grants. I wouldn't recommend them to use as an actual bank rather than a place to get your school refund and move it to your actual bank account. Together withLendKey, they manage the entire process on behalf of their clients, providing stress-free migration of their loan. The companys growth has been tremendous. If you still can't find what you need, feel free to contact us. They provide a1.50% APY deposit interest rate, and deposits can be made in cash via their ATMs or transferred from other banks. Five insightful ideas for, Lets take a look at how to tell if an online transaction is safe and, Geek Squad Scam: How It Works One resurfaced scam that has been making the rounds, With the increase in online scams, it's becoming more and more important to know how, Travel scams are rampant these days. BankMobile Review | Negative Sides of the Company & BankMobile Complaints. Thats why they love the ease and convenience of using a banking application for their needs. However, if youre around the age of 20 you might really enjoy banking with BankMobile. Here are some of the most common complaints: Unlike traditional banks, customers dont have access to standard types of loans. The founders and employees of BankMobile have diligently worked over the years to get the company listed among thetop 15 banksin the United States. Follow the instructions and use the code to select your desired method of delivery. How will I get a Personal Code? Thank you David for the review! Take care. They are more likely than any other generation before them to conduct all their financial business online. You deposited it and nothing happened? The ITS Help Desk has received numerous inquiries about an email from BankMobile asking students to select a delivery message for their refund. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2015-2023. BankMobile continues to expand its market share and is now serving millions of clients around the United States. This is a tremendous feat considering the type of consumer checking accounts they offer. I decided to use their social media support on Twitter. While I was on the phone for half an hour. I hate this bank! Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. We appreciate it!! Having refund options increased student customer service and processing costs were reduced. With it, customers can earn prizes and discounts by simply taking steps to manage their money smarter. Read More: Tips for Finding the Best Mobile Banking Apps Luvleen has been featured regularly in the media including CNBC, Bloomberg, Yahoo Finance, and The Wall Street Journal as she continues to promote the banking app. Feel free to contact us again in the future, should you need help. For more information, please see our We start to receive financial aid funds approximately six weeks into the term, although it can be longer for summer terms. Take care! Click to view AdvisoryHQ's. Here is more below. In addition, we have contacted your school and requested they call you to review the refund process and timeline with you. Get in Touch. Mike. Feel free to share this page on social media using the buttons provided at the top. The average cost for using a BankMobile Vibe account isless than $34per year. Guardio has over a million users and while it is affordable for the benefits it provides (just a few dollars a month), it covers up to 5 family members. We've been asked over and over again what are the most effective ways to stay safe online. Thanks for the awesome review, DDC! Your email address will not be published. Just a terrible bank schools need to go with someone else. I was trying to find a way I could contact Bank Mobile. BankMobile Vibe is a digital only, FDIC-insured checking with the power to bank anywhere, anytime. After a certificate or degree seeking student registers and pays for their first class, they will receive a 12-digit code through an email to the student.phsc.edu . For more information, visit the BankMobile Disbursements Refund . Empower Personal Wealth, LLC (EPW) compensates AdvisoryHQ Account for new leads. And its legit? Why am I getting a Personal Code? They dont offer any other plans. Tap. Earlier this year, the companyannouncedthey were partnering with the well-known brands of BillSharkandBartlebyto offer even better deals to students. To get your refund money, enter your personal code to make your refund choice and get started at refundselection.com. The BankMobile Vibe Checking Account is one of your refund options but you are not required to open this account to receive your refund. How is my money delivered? Please remember to keep a confirmed mobile phone number on file. refundselection.com was registered 8 years 4 months ago. Is it safe? More information can also be found at https://ir.bmtxinc.com/. The Vibe account is an easy, convenient and affordable choice for a bank account and we encourage all students to compare our account to other banks and you will see we measure quite favorably. These crooks may call you promising to recover the money you lost or the prize or merchandise you never received for a fee in advance. Instead, their customer service strategy was predicated on customers reaching them through online channels or via phone. But on the other hand, American customers have deep-rooted concerns about cyber-security, information privacy, and hacker prevention. If you have not previously created a BankMobile profile, you will be asked to . Under the Telemarketing Sales Rule, they cannot ask for or accept payment until seven business days after they deliver the money or other item they recovered to you. If you cant find your code, you can visit refundselction.com and request a new one. This is why on some online reviews, consumers are asking: Is BankMobile a scam? We look forward to hearing from you. In conclusion, you still need to be careful when conducting business on ANY site, not just www.refundselection.com. Was very responsive and kind through social channels. I only have it for financial aid otherwise I would only deal with credit unions! Am I eligible to receive electronic refunds? Cathy did a wonderful job explaining the status of my refund and what my next steps would be in receiving it. So to finally answer the question, Is BankMobile safe? Yes, we believe so! In addition, their banking application has been downloaded more than a million times just on the Android platform alone. Today, every student has a smartphone that connects to the internet. on Twitter, Share Either you selected the check as a method of delivery or it defaulted to that. Students are sent an email when their loan funds arrive. If you're expecting funds from a scholarship/grant then it would be worthwhile to go to your financial aid office to sort it out bc they might be sending you money through RefundSelection. We are glad we were able to quickly address your concerns. A lot of colleges uses BankMobileVibe for school refunds. it brings one to Refundselectiion.com. For BMTX to process your student refund, we need both your file and your refund from your school. Love the review, Anthony! Deposit to a BankMobile Vibe Checking . They referenced the BankMobile Vibe account option as a "seamless way to receive refunds and financial aid from your school." They viewed the company as an exclusively student-oriented online banking company with online mobile banking as a priority. Is it safe? You were such a pleasure to help. I got a card two years ago. Is BankMobile worth it? http://www.bbb.org/us/ct/new-haven/profile/financial-services/bank-mobile-vibe-0111-87125109/complaints Establishing a refund preference now ensures you will always have this money without delay. SCF has partnered with BankMobile, to process refund disbursements to students. Very fast and simple. We have contacted you directly to answer questions you may have regarding merchant purchases. Students who are not expecting a refund from their school may receive a refund in the future. Although ideal for students and young adults, BankMobile has no age limit for opening an account with them. BankMobile was founded in 2014 by Jay Sidhu and his daughter Luvleen Sidhu. This ensures you will receive your refund quickly. It was tested and vetted by our Scam Detector team. Karey was the person helping me and they did a great job. The school receives a students financial aid, loan, or grant money from the respective provider. Enter your Student ID Number in the College ID Number field. We have reached out to you directly to address your concerns about your Vibe account. You could have a refund in the future, and you can be prepared to receive your money without delay. Reddit and its partners use cookies and similar technologies to provide you with a better experience. He told me how to change my refund status. PayPal Scams: Full List BankMobile does not charge for stop payments. Your harvested personal data is used not only for spam emails, targeted ads, and telemarketing calls but for changing your financial rates too. on WhatsApp. Mike was outstanding for assisting me the way he did. Enter the personal code we sent in the mail and by email. Click to view AdvisoryHQ's advertiser disclosures. With Surfshark, this is not happening. Enter your Official Northwest email address in the Email Address field. I decided to leave a message on Twitter asking what I should do and I was going to call customer service when I was off work. For your security, please provide us with your school name, student ID and the email address you have on file with your school. I am glad I was able to quickly address your concerns. http://www.consumer.ftc.gov/articles/0102-refund-and-recovery-scams 1 If you choose to open a BankMobile Vibe Checking Account (upon identity verification), money is deposited the same business day that BankMobile receives funds from your school.. GRCC'S Process for Student Refunds. I am glad I was able to quickly address your questions and concerns. When BMTX receives the money and refund file from your school, you will receive an email from BMTX, and your refund will be sent according to your choice: Deposit to a BankMobile Vibe Checking Account: Available same business day Transfer to an existing bank account: Takes 1 - 2 business days We look forward to hearing from you. Grand Rapids Community College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Please give Sary a raise he deserves it. They have been helping students for over 19 years! Students need to visit refundselection.com and select how they would like any possible refunds delivered to them. Paul. In 2017, GlobeNewswire.com announcedthat BankMobiles Vibe account holders save over $62 million per year. It also. According to BankMobile management, over the first two years since they launched the banking app, they have managed to save the college and university students around $100 million in banking fees. You will have two electronic options to deposit your money. Create an account to follow your favorite communities and start taking part in conversations. Then they sell it to third parties, including financial institutions, medicare companies, etc. Remember that even legitimate businesses have complaints and unhappy clients. If you are an adult who finished college a long time ago, youll likely find nothing special about this company. Put my email and my student ID and then was immediately locked out of the account I never had access to in the first place. I contacted BankMobile on Twitter and gave me a few tips however that wasnt helpful. To get started, enter the personal code you may have received in the mail via a green envelope or in an email from BankMobile. Students receiving financial aid are the ones who are going to benefit the most from a company like BankMobile. My experience with BankMobile was great. Get easy answers anytime by using our online. Be advised that your new selection will only . Also, the option to submit checks by phone is another option for customers making deposits into their BankMobile app account. Students need to verify and update their information. Mike. Due to the high number of questions including Is BankMobile legit? and Is BankMobile safe? combined with searches for objective reviews of BankMobile, we decided to research the firm and publish our findings in this BankMobile review article.