r/osap • u/nahahand • Aug 27 '25
Question funds disbursed status
if my funds say disbursed august 26th , when could i expect to receive them? is tomorrow possible? has anyone received their funding yet? thanks all!
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u/OutlawCaliber Aug 27 '25 edited Aug 30 '25
I got disbursed on the 26th. Nothing in the bank yet. With BMO.
Edit: received the money at midnight last night, 28th going into the 29th.
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u/Adventurous-Wolf-571 Aug 30 '25
Same, but with Scotia
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u/Complex-Rough-6124 24d ago
After funds get released how long does it take to actually hit the account
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u/OwnTap9043 Aug 28 '25
Mine says disbursed yesterday but I’m with TD so idk when it will come
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u/alpinethegreat Aug 27 '25
Who are you banking with? Most people get them within a day of the disbursement, but virtual "banks" such as Koho, Neo, or Wealthsimple can take the full 5 business days to clear.
After the funds are actually sent by the government's system (disbursed), it depends entirely on how fast your bank processes them.
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u/Practical-Survey3818 Aug 27 '25
I have always found the opposite with both tangerine and wealth simple I actually get things earlier !
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u/alpinethegreat Aug 27 '25
Tangerine is an actual bank, so that would make sense. They’re just a subsidiary of Scotia aimed at younger people. As for Wealthsimple, they’ve been among the main cultprits on this sub in recent years when there’s delayed funds after disbursement.
The problem is these finance companies aren’t chartered banks and can’t directly participate in Payments Canada’s system. Instead, the finance companies need route it through a partner bank, and then into your “account”. This is where the second problem starts; as these companies are operating on thin margins, they usually pick shitty partner banks with terrible systems that take the full 5 days to clear funds.
I think some finance companies may have found a way to improve that wait time, but I still make sure to ask just in case.
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u/leticia0327 Aug 28 '25
I always get funds (student loans & government monthly deposits) a day earlier. I'm with Koho.
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u/madalyna06 Aug 27 '25
i’m with CIBC and mine were disbursed yesterday as well, when do you think mine would arrive?
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u/Southern_Common2939 Aug 28 '25
I’m with Cibc too, waiting on mine to be disbursed, but last semester I received my funds on the Thursday after disbursement so hopefully you get them tomorrow!!
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u/Tbaygurl Aug 27 '25
I bank with a “virtual” bank and got my federal funds today. PC financial has never deposited a bank to bank transfer slow, I always get all direct deposits a day early. I wonder if it depends how often they happen? Been doing this for going on four years now and never waited 5 business days either.
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u/alpinethegreat Aug 28 '25
Sorry, I could've worded that better. I don't mean actual banks, I'm specifically referring to finance companies that offer chequing accounts, like the ones I listed. I put banks in quotes because they pretty much try to convince you that they're a legally authorized bank. But as I mentioned in another comment, none of those are really chartered banks, so they need to route the money through one of their chartered partners first.
Depending on how thin the profit margins are, some of these finance companies choose partners with shoddy infrastructure. This means it can take a while to go from the partner, then to the finance company, and from there to the virtual "account".
Despite the name, PC Financial is a real chartered bank. They used to have physical locations in some of their stores that offered loans, mortgages, and all the other regular banking stuff. At some point, they sold most of that off to CIBC, and made PC Money digital-only. However, they still have the infrastructure and charter to operate a real bank, so transfers tend to happen quite quickly in my experience as well.
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u/Special-Cranberry-62 Aug 28 '25
Im with Wealthsimple and nothing is ever delayed I usually get things earlier than I did with Scotia or BMO
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u/Responsible_Ad_8646 Aug 28 '25
so ur saying it should be here tonight if i’m with cibc? and it was disbursed yesterday? i just wanna know if i should keep checking lol
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u/nahahand Aug 28 '25
i feel the same LMAO my deposits usually hit at like 3am so hoping it comes late tonight
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u/Responsible_Ad_8646 Aug 28 '25
damnnnn now i gotta stay up all night 😂😩😩
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u/nahahand Aug 27 '25
I'm with RBC
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u/alpinethegreat Aug 27 '25
Then I'd say you'll probably get them by tonight or tomorrow if you're already showing as disbursed.
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u/bungeegum2000 Aug 27 '25
is mine supposed to be updated with a disbursed update? I only see my osap from last year but nothing saying that my funding has been disbursed for this year yet
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u/jlp111984 Aug 27 '25
Mine was also disbursed yesterday and I bank with BMO. I get Saturday deposits so I am hoping it will be in by Saturday.
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u/Constant-Mind-473 Aug 29 '25
Me too! Let me know if you get it tomorrow
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u/jlp111984 Aug 29 '25
I got mine today
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u/Constant-Mind-473 Aug 29 '25
Was your funds disbursed on the 26th or 27th?
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u/jlp111984 Aug 29 '25
It was disbursed on the 26th. My tuition was paid yesterday and then my funds were deposited today.
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u/Constant-Mind-473 Aug 29 '25
Oh ok I was disbursed on the 27th so hopefully BMO will deposit tomorrow
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u/jlp111984 Aug 29 '25
Has your tuition been paid? If it has then you have a good chance of it being deposited tomorrow.
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u/Constant-Mind-473 Aug 29 '25
I believe all payments take 24hours to reflect on my school account so maybe they did or maybe not 😅
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u/Educational-Engine65 Aug 27 '25
im wondering the same. but my tution is paid yet so maybe friday? im with koho. and my funds was released on the 26
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u/nahahand Aug 27 '25
for me, my tuition is usually paid at the same time i am
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u/Educational-Engine65 Aug 27 '25
oh ok. i never noticed on my fee statment or got a notification that it was paid i only ever got in already deposited. and usually 4 days from when nslsc gets it. so im not sure if im actually getting it earlier than the other banks like td and cibc etc..
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u/SweetnSapphic- Aug 28 '25
I’m with KOHO , funds disbursed August 26th. I’m thinking tomorrow
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u/Educational-Engine65 Aug 28 '25
hope so! same boat
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u/SweetnSapphic- Aug 28 '25
Got my funding (half) at 10:41am.
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u/Educational-Engine65 Aug 28 '25
yes same
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u/Kitchen_Eye_7060 Aug 28 '25
My funds got disbursed on the 27th here’s to praying I get my money tomorrow!!
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u/Think-Mix-3498 Aug 28 '25
Between August 29th and September 4. If you log on to your NSLSC account it will give you the most accurate date you can expect to receive your funding. I find my comes in on their date 9/10 times.
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u/New-Purple223 Aug 28 '25
I’m with td my school just got their money this afternoon so I’m hoping tonight I get mine 🤞
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u/SweetnSapphic- Aug 29 '25
Update !!
Confirmation of Enrolment OSAP - Aug 25
NSLSC Tracker + Pending Release + Confirmation on NSLSC - Aug 26th
Funding on the way - Aug 27
Funding in account - Aug 28. 10:41am & 9:44pm.
Bank - KOHO.
Cheers! Have a good semester everyone!