Valencia Refund

Your Refund. Your Choice.

IMPORTANT ANNOUNCEMENT REGARDING REFUNDS

BankMobile

Blackboard Pay has been acquired by BankMobile. We are currently converting our processes to this service provider in order to be able to deliver new electronic refund choices to all students effective fall term 2018.

If currently enrolled in a ACH Transfer or Money + Card option, we will continue to process your refunds in the same manner until additional information is provided to your Atlas email in the upcoming months. If you have not yet received information about selecting an electronic refund preference, or have not previously opted into an electronic deposit option, then you will receive a paper check in the mail. Please make sure your home is up to date in Atlas to ensure prompt delivery of your refund check.

BlackboardPay

Effective August 2016, Valencia College has partnered with Blackboard to provide students with electronic refund choices.The contract between Valencia College and Blackboard may be reviewed here.

2016-2017 Award Year

  • Number of Active Cards* - 2,235
    • *Active cards are defined as any account that had a deposit transaction within the award period regardless of enrollment status.
  • Mean of Fees Charged to Cardholders - $11
  • Median of Fees Charged to Cardholders - $3

Monetary Consideration

  • Institution Paid Blackboard - $40,685
  • Blackboard Paid Institution - $0

Non-Monetary Consideration

  • Institution Paid Blackboard - $0
  • Blackboard Paid Institution - $0

 

You do not need this account to receive your Federal student aid.
Ask the financial aid office about other ways to receive your money.

Monthly Fee Per Purchase ATM Withdrawal Cash Reload** Overdraft
$0 $0 $0 in-network

$2.50* out-of-network

$3.00* international
N/A N/A

ATM Balance inquiry (in-network or out-of-network)
$0*
Customer Service (automated or live agent)
$0
Inactivity
$3.50***

*An addition surcharge may be separately charged by an owner of operator of an ATM.
** Reload feature is not available unless the cardholder upgrades their card. Cards can be upgraded for free. Reload retailers' fees may vary.
*** Only applies after 13 months of no loads into the account. Will only be assessed until the account balance is zero.

The financial institution offering this account charges 6 other types of fees. Here are some of them:

Transfer Funds to a U.S. Bank Account (ACH transfer) $4

Card Replacement Fee $6

Your Account is insured by the Federal Deposit Insurance Corporation (FDIC) up to the limits permitted by law.

Find details and conditions for all the fees and services by clicking on the terms and conditions and the fee schedule of the account.

You may access your title IV, HEA program funds in part and in full up to the account balance via domestic withdrawals or Money Network checks free of charge, during your entire period of enrollment following the date that such title IV, HEA program funds are deposited or transferred to the financial account.

 

ALL STUDENTS will need to select a refund preference for any funds due from Valencia, including financial aid, to be deposited electronically. Additional information will be sent to your Atlas email.

Valencia College encourages all students to have their refunds deposited electronically, but you are not required to enroll in the Money+ Card program to receive your financial aid refund. If you take no action, you will receive refund via a paper check in the mail.

Refund Options

More information coming soon about your new electronic refund choices!

Other Deposit Option (No Action Required)

Paper Check

Checks are sent by first class US Mail to your home address which should arrive within 7 to 10 business days. Please note: You will be responsible for keeping your home address up to date in Atlas.