Direct Deposit Refunds
Sign up for Direct Deposit!
If you have a credit balance on your student account due to excess financial aid or other reasons, you may elect to receive a refund by Direct Deposit into your checking account (U.S. banks only). The main advantage of Direct Deposit is that it eliminates the need for you to go to your campus bursar’s office to pick up a paper check. It’s also faster than checks sent by mail.
Refunds at the beginning of a semester are timed to be deposited approximately the first day of classes as long as you’ve signed up for direct deposit at least ten days beforehand and your financial aid has paid out. (Note: timing of deposits may vary slightly depending on your bank.)
For deposits throughout the rest of the semester, you generally will receive your refund within 3 to 5 business days after the transaction has been initiated or requested.
Sign up for Direct Deposit now by logging into your Student Administration account at http://www.studentadmin.uconn.edu/. Once you're logged in, click on “Enroll or Edit Direct Deposit Information” under the Finances section of the Student Center.
Important things to keep in mind:
- Refunds for excess financial aid cannot be given until your financial aid has actually paid out to your fee bill.
- If the UConn Financial Aid Office later determines that your financial aid eligibility has changed, you may be required to repay all or a portion of any funds that were deposited to your account. The most common reasons for this are a change from full-time to part-time, a change in your need calculation, or withdrawing from the university.
- It is your responsibility to verify that all direct deposit payments have been credited to your bank account before making any purchases against these funds.
- You must be sure to update your bank account information whenever you change your bank or account
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