BankMobile Disbursements & SPC Refunds
SPC delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. For more information go to BankMobile Disbursements.
New students will be mailed a green envelope containing your IPCN (Instant Personal Code Number) that will allow you to select your refund preference. Make sure your mailing address is updated in MySPC so you will receive your IPCN.
Refund 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.
Refunds to your selected refund preference occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, the Book Line of Credit and First Day Book charges. The excess funds will be refunded to your selected refund preference with BankMobile Disbursements.
View our third party servicer contract for refund management.
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