… Financial Aid - Disbursements & Refunds (UC) … Disbursements & Refunds … Disbursements are financial aid funds applied to your student account. Disbursement is a technical term used by the financial aid department. The financial aid department … from BankMobile regarding the process to select their refund preference. For more information, visit BankMobile Refund Choices BankMobile Refund Choices . AB540 Students AB540 students who currently have an open bank account or are eligible to open an account will receive their funds electronically via their selected AB540 Refund Preference refund preference with BankMobile. All others will receive their …