How do electronic payments to schools work?

Vestwell uses technology from Flywire to automatically send electronic payment transactions to any school that connects to the disbursement services. Payments are delivered via ACH to the school’s bank account on record, and schools will receive notification with relevant details, such as the payment amount, the student’s full name and ID number, as well as the VT529 name. The connection to Flywire is meant to optimize the payment experience for families, allowing them to pay for school with ease.