Direct Deposit

Overview
By using direct deposit, you can have your Financial Aid or other student account refunds deposited directly into your checking account - any bank, anywhere - this saves an enormous amount of time and frustration. This is the same safe, secure process that is used to deposit payroll checks. Please be sure to keep your bank account information up to date in the MyPACK Portal.

This will not pay charges on your student account. This is for refunds ONLY!


Setting up your direct deposit account
Setting up direct deposit is easy. Just do the following:

  1. Login to the MyPACK Portal and select "Main Menu", "Student Self Service", "Campus Finances", and "Account Summary". Select the "Direct Deposit for Refunds" button. On the "OFAC Compliance" tab, select whether or not you are using an International ACH Bank. Select the "Save" button. On the "Bank Information" tab, enter the routing and account number information and select the "Save" button.
  2. Once you enter your information into the MyPACK Portal, a zero dollar transaction, called a prenote, will be created. The prenote is intended to test the validity of the account information you have entered. Depending upon your bank, this prenote transaction may be reflected on your bank statement. No direct deposits of financial aid can occur during the prenote process which takes 10 days. Instead, any refunds processed during this time will be in the form of a check.
  3. After the prenote period has passed, all processed refunds received by the Cashier's office will be directly deposited to your checking account within two business days. If the prenote fails, you will receive an e-mail to the e-mail address that you have listed in the MyPACK Portal.

Other things you should know

  1. If you change your checking account, you will need to update your information by logging into the MyPACK Portal - select "Main Menu", "Student Self Service", "Campus Finances", and "Account Summary". Select the "Direct Deposit for Refunds" button. Enter the new routing and account number information. Select the "Save" button.
  2. If you close your checking account, leave the routing and account number fields blank. Funds will not post to a closed checking account, and there will be a disbursement delay created while the Cashier's Office is waiting for the rejected deposit to return to us from the bank.