They ain't that darn busy. Downtown Redmond, Redmond, Washington, United States, Is Refundselection.com a Scam? I maxed out login tired and got my account suspended. You will have two electronic options to deposit your money. It was tested and vetted by our Scam Detector team. Privacy Policy. From the website's popularity, customer service, online reputation, and IP address to Alexa rank, genuine social media praise, and mentions in other authoritative websites, www.refundselection.com checks all the boxes. BankMobile Disbursements is a service provided by BMTX, Inc. that helps colleges and universities across the U.S. deliver refunds to students. I saw two reddit posts with one or two people saying that it worked so I figured I'd give a try. Offering consumers the ability to deposit checks by phone, conduct online mobile banking and use one of the best mobile banking apps on the market, its clear at first glance why one might consider BankMobile to be one of the best online banks. He even told me what would happen after I went to refund status and what exactly I should do next. This ensures you will receive your refund quickly. They made a strategic decision that their entire business model would be based on all of their services being done online, with no physical branches where a consumer can go and talk to one of their bank employees. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2015-2023. Please share your experience with this company, if you have any - so that we can adjust if that's the case. Review AdvisoryHQs Termsfor details. Why am I getting a Personal Code? Instead, their customer service strategy was predicated on customers reaching them through online channels or via phone. Is www.refundselection.com safe? With it, customers can earn prizes and discounts by simply taking steps to manage their money smarter. BankMobile Review | What You Need to Know about BankMobile. He told me everything I needed to do STEP BY STEP! 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. Your refund choices include: 1) Deposit to an existing account - Money is transferred to an existing account the same business day BankMobile Disbursements receives funds from your school. Got something in the mail with a code that said that they partnered with my school to give refunds. BM Technologies, Inc. f/k/a BankMobile (NYSE American: BMTX, BMTX.W) is among the largest digital banking platforms in the U.S., providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. We are glad we were able to quickly address your concerns. A lot of colleges uses BankMobileVibe for school refunds. Thanks for the awesome review, DDC! With competitors founding dates occurring such a long time ago, it can be hard for newcomers to compete against them. We have reached out to you directly to address your concerns about your Vibe account. Happy New Year! Take care! Mobile banking apps are capable of solving all these problems. A lot of colleges uses BankMobileVibe for school refunds. For your security, please provide us with your school name, student ID and the email address you have on file with your school. Establishing a refund preference now ensures you will always have this money without delay. Continue reading the in-depth BankMobile review below to learn more. You will have two electronic options to deposit your money. And, to quickly find answers to your questions, use our search. Students need to verify and update their information. What do students need to do to get their money without delay? Please give Sary a raise he deserves it. Paul was outstanding and attentive to my every question I had a good amount of issues and he resolved all of them in a very quick manner. Thank you Jay for your review of BMTX. An interest-bearing checking account allows depositsup to $15,000 with a 1.04%APY interest rate. 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. Calling the phone line would also be worthwhile. And we thank you for confirming our efforts in providing excellent service to our customers. Mike. If the merchant does not collect the funds by the 5th business day, the hold will automatically drop off after the 5th business day and will be released back into your available balance. Beware of an extra "i" inserted upon redirect. Money is available 1 2 business days after we receive the funds from the school. Though rates can change at any time, its free savings account is paying higher than most big banks right now. The agents were very helpful and solved the issue at hand. More information can also be found at https://ir.bmtxinc.com/. But if you can't login you have to call them through phone. http://www.consumer.ftc.gov/articles/0102-refund-and-recovery-scams Popular Article: Personal Capital App Reviews, BankMobile Review | What People Say About the Company Positive and Negative BankMobile Complaints. Refund Choices - BankMobile Disbursements Refund Choices FAQs What kind of money might I receive? 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. Please share your experience. Merchants have up to 5 business days to post transactions to your Vibe account after the preauthorization of your purchase has occurred. Thats why the companies that offer the best mobile banking apps will attract the most students to bank with them. I only have it for school otherwise I'd never deal with them again. Thank you Navejot! How To Report Scam Emails. Mike was amazing and was very helpful and kind! Every time you visit a website, enable cookies or download an app, several companies collect your full personal data without your knowledge. In addition, students using their BankMobile cards are able to use these cards without any fees when getting cash from these ATMs. If they do not choose their delivery preference, it could take up to 21 days to receive their money. If the student selects to open a BankMobile Vibe Account, they must agree to our Terms and Conditions before the account is opened. Here is more below. Just a terrible bank schools need to go with someone else. See Also: Pros & Cons of Using Bank5 Connect. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Notice the extra I in the name. Ok that was so appreciated. on Facebook, Share 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. How would you rate the business? They currentlyhave 55,000 ATMsworldwide, which is more thanChase,Wells Fargo, andBank of Americacombined! This company is relatively new but has already established itself as one of the biggest and fastest-growing online banks in the United States. If you need me to screenshot the Twitter message Paul sent to help me, let me know. However, if youre around the age of 20 you might really enjoy banking with BankMobile. In addition, if your card and credentials are stolen, the chances are high that the hackers can clear all the money out of your account. Students receiving financial aid are the ones who are going to benefit the most from a company like BankMobile. This message is legitimate and requires action on the part of the student.Students should have received a green envelope containing a personal code prior to receiving the email. GRCC is an institution committed to accessibility, diversity and equal opportunity. Some schools offer a paper check as an option for your refund disbursement. Select 'refund preferences' from the 'Refund' menu option. Unsecure site, they can't be legit because they never pick up the darn phone. We could not said it any better about how important it is to maintain current contact information in your BMTX profile, and to register your mobile number for alerts. Then, they gave me a temporary password which enabled me to change my password. Schools refund money to students who have funds leftover from financial aid awards, loans, or grants. While this is not a drawback for many, for some it is still a cause for BankMobile complaints. Our validator tool (VLDTR) confirms it is a high authority, trustworthy website. Is BankMobile worth it? Follow the instructions and use the code to select your desired method of delivery. On the other hand, Generation Z (which includes todays students) grew up on the internet. Deposit to an Existing Account or. Paul I was having trouble with login info. BankMobile Disbursements Refund Choices webpage, GRCC ATM Location - Student Center, 1st floor, Third Party Servicer Contract for Refund Management, If youre not sure that GRCC has your current mailing address, please take a moment to log into your. Write Your Comment, Question, Answer, or Review, Fake Anti-Spyware - Virus - Optimization Software, Hoax - Fake-News - Pranks - Chain Letters, Lottery - Donation - Inheritance Scams - Ponzi Schemes, Phishing - Scamming - Fraud - Identity Theft, Virus - Malware - Trojan - Ransomware - Spyware, Check the comment section below for additional information, share what you know, or ask a question about this article by leaving a comment below. Theres always a problem and their policies make it extremely difficult to resolve them in a timely manner. Jay Sidhu is also the CEO of, BankMobile continues to expand its market share and is now serving millions of clients around the United States. After the school process the refund, they send the money to us. For BMTX to process your student refund, we need both your file and your refund from your school. Paul. Everyone has a different understanding of what is most important to them. Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. You will use this code to start the process of choosing how you want your money delivered. If a refund preference is not selected, it may take up to 21 days for you to receive your money. There are tons of types of fraudulent websites out there, but there are many common red flags to identify. My account was suspended after too many login attempts since I forgot my password. Read on to find out. 2) Deposit to a BankMobile Vibe Checking Account - If you . Searching around the web will inevitably get you to websites where people repeatedly ask two related questions: Is BankMobile safe? BankMobile has saved millions of dollars for its clients so far due to this benefit. They provide a1.50% APY deposit interest rate, and deposits can be made in cash via their ATMs or transferred from other banks. Friday is great, but payday is better. The ITS Help Desk has received numerous inquiries about an email from BankMobile asking students to select a delivery message for their refund. Paul was very helpful and helped me get my account back in a matter of minuets. I needed help on how to do refund selection for my new school. I had trouble logging into bank mobile after receiving a refund and code in the mail. Us, Student Thank you! Thanks again. The refund preference you select will be in effect for the time you are enrolled at Hudson Valley Community College, and you can change your preference at any time by logging in to www.refundselection.com. The check is legitimate as it comes from your school. Identify the difference between the actual platform and the user. The answer is easy to determine just by looking at the facts above. If you're not expecting anything that might be why you can't log in, you probably have no funds available. He responded with urgency and responded to my needs to very quick and kept me updated through the whole process. Sary and Mike were very friendly and patient in helping me unsuspend my account and reset my password. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. They also gave me a tip to confirm my phone number which I did. In January 2020, the CEO seat of BankMobile was passed from Jay to Luvleen. How will I know when my money has been sent? Since these younger customers dont typically need mortgage loans or money market accounts just yet, BankMobile does not offer these features. Once it arrives, simply follow these steps to make your refund preference selection: . The subreddit for discussion related to college and collegiate life. The companys growth has been tremendous. It also. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I hate this bank! Paul. She is definitely great at her job and so is everyone else who helped me along the way. We appreciate it!! Disclaimer: This news item was originally posted on Friday, Feb 3, 2017. BankMobile Disbursements is a service provided by BMTX, Inc. that helps colleges and universities across the U.S. deliver refunds to students. Out of a maximum score of 5 stars, most customers give BankMobile around 4 stars. Here are some tips to help you avoid losing money to a recovery scam: AGREE! In addition, their banking application has been downloaded more than a million times just on the Android platform alone. Thank you Faith for the review and the recommendation! Is it safe? It is hard to make everyone happy, so if you believe that this 91.40 rating needs to be lower or even higher, you could make your word count. Most of the customers providing reviews (228 of them) also voiced concern about other areas of the banks products and services. Schools refund money to students who have leftover funds from financial aid, loans, or even from a dropped class. Not one time was I nervous or freaking out cause Paul laid everything out for me. Learn more about our mission and accreditation. However, having access to a mobile banking application isnt necessarily a priority for everyone. To receive your excess credit balance, you must have a refund selection set up with BankMobile Refund Choice. Discount, Submit 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.