When a refund is due to a student from any payment made on MyCalhoun, that refund will be credited back to the original method of payment (i.e. debit or credit card). If the refund is more than the original payment amount, the remaining balance will be issued through BankMobile using the reimbursement method selected by the student.
Calhoun uses BankMobile for all refunds in an effort to get the money into the hands of students quickly and easily. All students are required to register with Bank Mobile. During registration, students will select one of the following reimbursement methods:
- Direct deposit to an existing checking or savings account, or
- BankMobile Vibe Account
The address information used by BankMobile is sent by Calhoun. If a student's address is incorrect, the information needs to be updated through MyCalhoun. Address changes are submitted by the College to BankMobile. Calhoun no longer prints refund checks, therefore the Business Office cannot hold checks for pick up.
Timeframe for each Reimbursement Method
BankMobile Vibe Account - Same day funds released by Calhoun Direct Deposit to Checking or Savings Account - 2 - 3 Business Days
Steps to Register with Bank Mobile
First, look for the green envelope in the mail. Visit RefundSelection.com Enter your personal code to get started. Select the option that best fits you.
ADDITIONAL FEES (SUBJECT TO CHANGE WITHOUT NOTICE)
Additional charges by the institution and not mentioned above include the following:
- Returned check fee (by Alabama law) $30*
- Parking traffic citations (variable, depending on type of citation); check student handbook
- Tobacco use violation citation (see page 8)
- Replacement costs for Library books checked out and not returned (variable).
- Audit fees (auditing a course costs the same as taking the course for credit)
*Negotiating a worthless negotiable instrument is a Class A misdemeanor. Pursuant to Alabama law (Act No. 80-200, S. 317), a person will be given 10 days to tender payment of the full amount of such instrument plus a service charge of not more than $30. Unless this amount is paid in full within the specified time, the individual may assume that this instrument will be turned over to the proper authorities for criminal prosecution.