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. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. In one survey, 42% of American citizens said they are more afraid that someone will hack into their bank account and take their money, than they are of losing their job. Watch the video below to see how to spot a fraudulent website: We have two more powerful fraud prevention tools that you should know about. The comments, reviews or answers below do not necessarily reflect the views of Online Threat Alerts (OTA). Nonetheless, there is one ironic instance: the more popular a website gets - whether it belongs to the same Banking field or not - the more online complaints it receives. Here are 8 tips for writing great reviews. Given the super high rating of 91.40 that the business received, the www.refundselection.com review is very straightforward. For the Scam Detector readers, Guardio offers a 20% discount. Without the cost of physical locations, these banks have the opportunity to lower their fees and save consumers a lot of money. Grand Rapids Community College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Popular Article: Personal Capital App Reviews, BankMobile Review | What People Say About the Company Positive and Negative BankMobile Complaints. Youve probably come across the BankMobile banking application and the BankMobile online banking services. BMTX currently serves over two million account-holders and provides disbursement services at approximately 725 college and university campuses (covering one out of every three students in the U.S.). I had trouble logging into bank mobile after receiving a refund and code in the mail. Don't worry, here are some options to help you get back on track: We apologize for any inconvenience and hope to hear from you soon! Thank you so much Cassie for your review of BMTX! You were such a pleasure to help. Unsecure site, they can't be legit because they never pick up the darn phone. PayPal Scams: Full List YouTube. This is a tremendous feat considering the type of consumer checking accounts they offer. The subreddit for discussion related to college and collegiate life. With competitors founding dates occurring such a long time ago, it can be hard for newcomers to compete against them. Privacy Policy. I saw two reddit posts with one or two people saying that it worked so I figured I'd give a try. It is a trustworthy data privacy tool that requests your data removal from almost a hundred brokers on your behalf. This can be considered a good thing for some customers, but to many others, it is considered a lack of protection. Take care! If you're not expecting anything that might be why you can't log in, you probably have no funds available. and our Get easy answers anytime by using our online. In addition, we have contacted your school and requested they call you to review the refund process and timeline with you. Paul. Ive seen mixed reviews online and Im not sure wether to cash the check or not. BankMobile Review | What You Need to Know about BankMobile. Click to view AdvisoryHQ's. Thats against the law. In fact, justtaking a picture of the billthat needs to be paid is enough to do the job. I DMd BankMobile for help. 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 Out of a maximum score of 5 stars, most customers give BankMobile around 4 stars. Review of the BankMobile Website. I hate this bank! of those, 110 complaints were closed in last 12 months For BMTX to process your student refund, we need both your file and your refund from your school. Almost half of the reviewers rated BankMobile with an excellent rating and only 29% of reviewers gave the bank a very low rating of 1 star. Here are some of the most common complaints: Unlike traditional banks, customers dont have access to standard types of loans. We have been helping students for over 20 years! Click to view AdvisoryHQ's advertiser disclosures. Mike. So, if you want your data removed from the Internet, sign-up HERE. For students receiving financial aid from their school, BankMobile guarantees they will receive their funds on time no matter the circumstances. 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 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. In January 2020, the CEO seat of BankMobile was passed from Jay to Luvleen. Create an account to follow your favorite communities and start taking part in conversations. Your school partners with BMTX, Inc. to deliver refunds with our BankMobile Disbursements service. <META http-equiv="refresh" content="0;URL=/refundselection/jsDisabled.html"> <img height="1" width="1" alt="" style="display:none" src="https://www.facebook.com/tr?id . You will use this code to start the process of choosing how you want your money delivered. In conclusion, you still need to be careful when conducting business on ANY site, not just www.refundselection.com. Additionally, 35% of smartphone owners are choosing to use online mobile banking. Read More: Tips for Finding the Best Mobile Banking Apps. I was having a terrible issues logging back into my account and not being able to reset the password but Paul was very helpful getting things working again. The Scam Detectors algorithm gives this business the Every time you visit a website, enable cookies or download an app, several companies collect your full personal data without your knowledge. Typically, it takes -2 business days for the receiving bank to credit the money to your . Take care. The Rank of the website you are interested in is: The rank is based on a 1-100 scale, with 100 being the most reputable. Also, the option to submit checks by phone is another option for customers making deposits into their BankMobile app account. Take care! Verification can help ensure real people write reviews about real companies. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Fax: (518) 629-4892. They referenced the BankMobile Vibe account option as a seamless way to receive refunds and financial aid from your school.. 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. However, you need to check out a few important details below about this website and its Banking sector. Read More: Tips for Finding the Best Mobile Banking Apps Still, its completely normal for people to ask these questions based on the relative newness of BankMobile, especially when compared to other well-established banks that have been around for 200 years or more! Refund Selection Your choices for refund delivery are just a few clicks away! They explained everything well and made my issue a nice and easy fix all under 20 min with minimum time in replying. The firms banking application also provides services like Money Meter that help customers get a holistic view of all their spending. 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. We appreciate it!! A lot of colleges uses BankMobileVibe for school refunds. Contact Either way you can go ahead and cash it in if you were owed a refund for your school semester. See if the website is legit with our validator: Here are the best ways to spot a scam this year. The ITS Help Desk has received numerous inquiries about an email from BankMobile asking students to select a delivery message for their refund. The check is legitimate as it comes from your school. As an authority website vetted online a long time ago, the business is, without a doubt, Trustworthy. 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 BankMobile receives funds from our school. 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. You could have a refund in the future, and you can be prepared to receive your money without delay. 1 1 Early access to funds cannot be . Establishing a refund preference now ensures you will always have this money without delay. You can have access to your funds either same business day or up to 2 business days, depending on your choice. 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. So if you cant connect to a live representative over the phone, try out their social media options. For example, many older adults may not care as much about a banking application as they do about privacy and security concerns. 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 . Students are sent an email when their loan funds arrive. Verify and update your information. Your school delivers your refund quickly and securely with BankMobile Disbursements. Got something in the mail with a code that said that they partnered with my school to give refunds. Im happy because I honestly wasnt expecting a twitter response. And while receiving funds from other customers directly into your account is free, if you want to conduct a wire transfer to someone else it will cost $25. While this is not a drawback for many, for some it is still a cause for BankMobile complaints. The person who helped me was named Sary, and my issues were resolved in under 5 minutes. 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 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. Enter "Northwest Mississippi Community College" in the School Name field. Take care! Pay. And its legit? We start to receive financial aid funds approximately six weeks into the term, although it can be longer for summer terms. Customer service was exceptional. Refund Choices - BankMobile Disbursements Refund Choices FAQs What kind of money might I receive? See Also: Pros & Cons of Using Bank5 Connect. Those who use cash regularly will prefer banks that have more ATMs close to them. A refund delivery method should be selected even if you are not expecting a refund. Students should have received a green envelope containing a personal code prior to receiving the email. If youre a student or young adult in your 20s, its likely that most of your daily activities are already conducted online. Schools refund money to students who have funds leftover from financial aid awards, loans, or grants. Mobile banking apps are capable of solving all these problems. We use dedicated people and clever technology to safeguard our platform. 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. More information can also be found at https://ir.bmtxinc.com/. Today, every student has a smartphone that connects to the internet. Additionally, when they first launched, BankMobile tried to introduce a few new banking ideas that were considered somewhat unorthodox by the public. Paul. He told me how to change my refund status. Money is available 1 2 business days after we receive the funds from the school. Earlier this year, the companyannouncedthey were partnering with the well-known brands of BillSharkandBartlebyto offer even better deals to students. It could be the case with www.refundselection.com as well. No, www.refundselection.com is not a scam website, but it's your duty to spot the red flags every time you are engaging in an online transaction. Required fields are marked *. Is www.refundselection.com safe? on WhatsApp. We have reached out to you directly to address your concerns about your Vibe account. Note: Some of the information in samples on this website may have been impersonated or spoofed. They also gave me a tip to confirm my phone number which I did. By doing this, you can reset your password in under 2 minutes 24/7 even if suspended. We provide Refund Management, an industry-leading service that processes and disburses financial aid credit balances to students on behalf of college and university administrations and offers an optional checking account for students. Twitter I am glad I was able to quickly address your concerns. 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. You wont find too many objective BankMobile reviews on the internet today, so let us start this BankMobile review with some background context. If youd like, you can skip this section and go straight to the section below to continue reading our BankMobile review. Also review each firms site for the most updated data, rates and info. They are more likely than any other generation before them to conduct all their financial business online. And using a phone is a pain in the ass not to mention that I'd probably curse them out and they'd just hang up on me like usual. The leftover money is known as a refund. Scam artists buy and sell sucker lists with the names of people who already have lost money to fraudulent promotions. Using their banking application allows consumers to make payments very easily. Students can select how they receive their refunds based on the refund preferences offered by their school. Remember that even legitimate businesses have complaints and unhappy clients. If you cant find your code, you can visit refundselction.com and request a new one. Thanks again, and happy holidays! 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. What do students need to do to get their money without delay? Dont Miss: How to Find the Top, Free, or Best Internet Banking Apps? How is my money delivered? As mentioned above, it is a company that is now listed among thetop 15 banksin the U.S. based on some key parameters. That location is not enough to find you. This section contains additional details and insights about the trend towards online banking. How To Report a Scam Website We appreciate it! My community college uses it. See Terms of Use. They are used to doing everything online. Click on "Personal . 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. After all, you may drop a class, make an overpayment, or apply for a loan to pay for off-campus housing, for example. Deposit to an Existing Account or. How will I get a Personal Code? Paul. The companys growth has been tremendous. 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. It also. The banks online-friendly options, mobile banking application that works perfectly, and low fees are three essential features that will attract customers. Tap. The communication and understanding of the issue was great. Feel free to contact us again in the future, should you need help. After putting it off for a while, I decided to contact Twitter customer service. Here is why you should get it now: Awesome, right? The ITS Help Desk has received numerous inquiries about an email from BankMobile asking students to select a delivery message for their refund. All the relevant factors used by our algorithm provided an almost perfect score. If you need me to screenshot the Twitter message Paul sent to help me, let me know. Scholarship, Educational I got a card two years ago. They have an app thats pretty much useless as you have to do all the important stuff from their website. Although ideal for students and young adults, BankMobile has no age limit for opening an account with them. However, having access to a mobile banking application isnt necessarily a priority for everyone. On hold once for 1 hr 23 minutes and a second time 57 minutes. Most of the customers providing reviews (228 of them) also voiced concern about other areas of the banks products and services. Check this: they hide your online searches, which means you will get only organic search results, without tracking and follow-up ads. Since BankMobile is doing everything online, its normal to see how distrust and fear could hinder consumers from wanting to use their mobile banking app. For example, BNY Mellonwas founded in 1784 andState Streetwas founded in 1792. 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. So I reached out to twitter @AskBMD and got assistance from Sary and they made it easier for me to login in successfully while being really nice and patient with me. Calling the phone line would also be worthwhile. Enter your email address and password (If you don't remember your log in information, then call BankMobile at (877) 327-9515) 4. Paul. Whether you accept it or not, your personal information is listed all over the Internet. In fact, we partner with over 700 campuses, and one in every three students in the U.S. receives their school refunds through BankMobile Disbursements. This includes financial aid refunds, bookstore returns, RaiderCard refunds, overpayments or dropped class refunds. The website is owned and operated by BankMobile, who has partnered with your school to deposit your money or refund it quickly and securely. Paul They viewed the company as an exclusively student-oriented online banking company with online mobile banking as a priority. Email Address. The founders and employees of BankMobile have diligently worked over the years to get the company listed among thetop 15 banksin the United States. BankMobile has saved millions of dollars for its clients so far due to this benefit. Was very responsive and kind through social channels. You can protect your online browsing from installing malware forever by clicking the button below: The second most powerful fraud prevention tool you should consider isSurfshark. Sary helped me resolved the issue within 30 minutes compared to being on hold on the phone for an hour. They referenced the BankMobile Vibe account option as a, 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, https://www.customersbank.com/about/corporate-leaders/luvleen-sidhu/, https://cdn.pixabay.com/photo/2019/10/02/18/00/selfie-4521579_960_720.jpg, https://cdn.gobankingrates.com/wp-content/uploads/2020/05/BankMobile-Vibe-review.jpg, Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. We have been helping students for over 20 years! My account was suspended after too many login attempts since I forgot my password. Lets take a closer look at the pros and cons found across the various BankMobile reviews. Us, Student Select 'refund preferences' from the 'Refund' menu option. Grand Rapids MI 49503-3295, 12335 James St. Would definitely recommend him! Take care! Students need to verify and update their information. 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. Refund Selection at refundselection.com is not a scam. Mike was amazing and was very helpful and kind! Finder.com is another site where you can find a few online BankMobile reviews, and their overall rating for the bank is 4 stars. As mentioned above, it is a company that is now listed among the, According to statistics, online banking is now being used by, Another BankMobile perk for students is the, The average cost for using a BankMobile Vibe account is, In addition, they help graduating students refinance their student loans through the, Finder.com is another site where you can find a few online BankMobile reviews, and their overall rating for the bank is 4 stars. The average cost for using a BankMobile Vibe account isless than $34per year. Downtown Redmond, Redmond, Washington, United States, Is Refundselection.com a Scam? Anyone can write a Trustpilot review. Be advised that your new selection will only . Money is transferred to an existing account the same business day BankMobile receives funds from your school. Takes forever to issue a refund after the merchant has already released the funds. Happy banking! Thats why the companies that offer the best mobile banking apps will attract the most students to bank with them. These consumers are more likely to choose companies that will allow them to handle their banking entirely online. AdvisoryHQ (All Rights Reserved), BankMobile was founded in 2014 by Jay Sidhu and his daughter Luvleen Sidhu. My Community college uses that website for financial aid so whatever excess financial aid I got, it was deposited through BankMobile. How can students choose to have their money delivered quickly? Your choices include: Deposit to an Existing Account Refunds can also come from overpayments and dropped classes. I work 3rd shift so everything was closed. Safe. In conclusion, you still need to be careful when conducting business on ANY site, not just www.refundselection.com. Money is available (upon identity verification) the same business day we receive the funds from the school. We are glad Sary was able to quickly address your questions and concerns. The agents were very helpful and solved the issue at hand. Here is more below. If a refund preference is not selected, it may take up to 21 days for you to receive your money. We have reached out to you directly to discuss the status of your student refund. Your post will be set as anonymous because you are not signed in. 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. on Facebook, Share Copyright 2023 Scam Detector Media Inc.. All Rights Reserved. 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. Thanks again. On the other hand, Generation Z (which includes todays students) grew up on the internet. Thank you Hasina for this wonderful review, I appreciate it! I filed a report with usps. If you are an adult who finished college a long time ago, youll likely find nothing special about this company. Please share your experience. Banks that can conduct their business mainly through the internet provide a host of benefits to their customers. They were very patient and informative. BankMobile continues to expand its market share and is now serving millions of clients around the United States. Sary was awesome and helped me in a speedy and efficient manner. You deposited it and nothing happened? The service is verified by our staff and is legitimate. 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. SCF has partnered with BankMobile, to process refund disbursements to students. 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? Searching around the web will inevitably get you to websites where people repeatedly ask two related questions: Is BankMobile safe? AdvisoryHQ Account is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. Beware of an extra "i" inserted upon redirect. He responded with urgency and responded to my needs to very quick and kept me updated through the whole process. Your harvested personal data is used not only for spam emails, targeted ads, and telemarketing calls but for changing your financial rates too. In fact, 1 in every 3 students in the U.S. receives their refund from BankMobile. Here are some tips to help you avoid losing money to a recovery scam: 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. A lot of colleges uses BankMobileVibe for school refunds. With it, customers can earn prizes and discounts by simply taking steps to manage their money smarter. Having refund options increased student customer service and processing costs were reduced. 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. I only have it for financial aid otherwise I would only deal with credit unions! I am happy I was able to quickly address your issues and answer your questions. All Rights Reserved. Notice the extra I in the name. It was tested and vetted by our Scam Detector team. Now those customers are stuck using BankMobile for some services and a more traditional bank for others. They provide a1.50% APY deposit interest rate, and deposits can be made in cash via their ATMs or transferred from other banks. For more information, visit the BankMobile Disbursements Refund Choices webpage. Instagram Disclaimer: This news item was originally posted on Friday, Feb 3, 2017. Why should students choose a refund delivery method if they are not expecting a refund? Thank you Navejot! Thank you Caleb for taking the time to submit a review of BMTX! The reply's were fast and straight to the point. We will use your IP address to display your approximate location to other users when you make a post. Everyone has a different understanding of what is most important to them. 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. BankMobile believes its banking application is more secure than online banking due to encryption techniques. Notify me about the newest scams every week. Thats why they love the ease and convenience of using a banking application for their needs. I only have it for school otherwise I'd never deal with them again. They have an award-winning VPN service, protecting your privacy, securing your identity, and preventing third parties from tracking your device. Thank you especially Paul. Dont wait! Love this review, Aaron! Please share your experience with this company, if you have any - so that we can adjust if that's the case. The school then subtracts their tuition and fees from this amount. Is it safe? Sary was very quick and helpful. Get in Touch.