Systems and methods for facilitating a distribution of bank accounts via an educational institution

A medium storing instructions adapted to be executed by a processor to perform a method to facilitate a distribution of bank accounts to students from an educational institution, said method comprising:

• receiving, from the educational institution, information associated with a student;
• validating the received information;
• determining that a soft bank account will be created based on the received information;
• establishing the soft bank account for the student based on the received information, wherein the soft bank account is established prior to receiving any indication of acceptance from the student;
• delivering a token associated with the student to the student;
• distributing a disbursement from the educational institution to said soft bank account or to a pre-existing accessible bank account associated with the student;
• receiving an indication of acceptance from the student that includes a request to convert the soft bank account to an accessible bank account;
• and
• converting the soft bank account to an accessible bank account in response to the received indication of acceptance and providing said student with access to said disbursement via the token.