Direct Deposit
A refund to a student occurs when the University owes the student money. The majority of student account refunds are generated by financial aid credits. However, credit balances may also result from other over-payment transactions such as tuition, fee, library and parking credits, security deposit refunds, and duplicate payments. Students are notified by email to their official University email account when a student refund has been processed.
To be able to receive a refund electronically (eRefund), the student needs to be enrolled in direct deposit. Direct deposit is the electronic transfer of funds into a checking or a savings account. It is the quickest, safest, and most efficient way of transferring funds. Students may use their checking or savings account or may use their parent's checking or savings account to receive their refund. The checking or savings account must be a U.S. bank account. If you do not have a U.S. bank account, you will need to establish one before you can enroll in direct deposit.
Please Note:
- The University maintains strict confidentiality with all bank account information.
- Funds will not be withdrawn to make a payment from the bank account set up for Direct Deposit purposes.
- If you are already signed up for direct deposit to receive your Graduate Assistant or Student Employment payroll checks via ACH, your UI-Pay account refunds will be automatically processed into the same bank account.
Enrolling in Direct Deposit