Business Services

Tuition Refunds and Financial Aid Distributions

 

Introducing SMC and BankMobile Disbursements Tuition Refund and Financial Aid Distribution!

Select Your Preference Now!

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. Your choices include: 

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.

More information on Refund Choices.

View our third-party servicer contract for refund management.