Introducing SMC and BankMobile Disbursements Tuition Refund and Financial Aid Distribution!
Select Your Preference Now! (opens in new window)
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 (opens in new window) .
View our third-party servicer contract for refund management (opens in new window) .