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New Student Information
Ivy Tech has partnered with BankMobile* Disbursements to offer the following refund options:
- ACH/Direct Deposit – Deposit refunds into your existing personal checking or savings account. Ivy Tech wires funds to BankMobile two business days after the refund posts on the student account. Your bank will reflect the deposit in an additional one or two business days.
- BankMobile Vibe – Money is deposited to this checking account the same business day that BankMobile receives the funds from Ivy Tech. This wire occurs two business days after the refund posts on the student account.
The BankMobile Vibe account is one of the most student-friendly accounts available on the market. The new account will have no monthly fee for students, no inactivity fee, no overdraft fees, no point-of-sale/PIN fees, no teller withdrawal fees, no check ordering fees, and no fee to talk to a customer service agent. In fact the account will only carry three fees:
- $3.00 for using an out-of-network ATM (outside of the new network of 55,000 ATMs)
- $25 for a wire transfer
- $10 to replace a bank card
After registering for classes, new students will receive a refund selection kit (information about selecting a refund option) BankMobile Disbursements in the mail. The personal code enclosed is used to select the refund preference that best fits your needs at RefundSelection.com. Refunds can be excess grants/scholarships, student loans, or tuition on a dropped/canceled class.
Follow the instructions in the kit to select your refund option.
Even though you might not be expecting a refund, do not throw the refund selection kit away…you may receive a refund in the future. It is encouraged that ALL students select a refund preference immediately after receipt so they will not have to make a selection in the future.
If you do not receive your kit or need a replacement card, please contact the Ivy Tech business/bursar office at your campus.
Returning Student Information:
All OneAccount holders will be transitioned to the new BankMobile Vibe account which will have less fees associated with it. Existing accountholders need not take action. Your Ivy Tech Debit card will remain fully functional for use and won’t need to be replaced until the card’s expiration date.
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