Frequently Asked Questions
- What is E-check?
- When will the funds be transferred from my bank account?
- When will my payment be posted to my NYU student account?
- What if I make an e-check payment on the tuition due date, but the funds are not transferred from my bank account until one to two business days later?
- Does my bank/financial institution have to be in the United States?
- Can I use either a checking or savings account?
- Can I use a Home Equity Line of credit account to make an e-check payment?
- Can a parent, spouse or employer make payment on behalf of a student?
- What happens if I do not have enough sufficient funds in my checking account when the electronic check is processed?
- Can I use a check from my credit card company to make an E-check payment?
Q: What is E-check?
New York University has contracted with an outside service, NoCheck to permit students to make electronic payments toward their student account. The e-check payment option enables you to make payment toward your student account over the web by using an electronic interface with your bank.
Q: When will the funds be transferred from my bank account?
Paying with an electronic check will initiate the transfer of funds from your bank account within one to two business days.
Q: When will my payment be posted to my NYU student account?
Payments made before 3:00 p.m. EST (Monday through Friday, excluding bank holidays) will be deposited to the student’s account at New York University on the next business day. Payments received after 3:00 will be deposited to the student’s account on the second business day after payment is made. Please note that payments made between 3 p.m. EST on Friday and 3 p.m. EST on Monday will be posted to the student’s account on Tuesday. Please keep this in mind to avoid late fees.
Q: What if I make an e-check payment on the tuition due date, but the funds are not transferred from my bank account until one to two business days later.
E-checks payments correctly entered by 3 p.m. EST. on the tuition due date will be posted to your account and be considered on time. Please note that if bank account information is entered incorrectly, the bank will return your payment. If you have enrolled for classes but do not meet the tuition payment deadline date, your class reservations will be cancelled and you must re-register. To avoid the possibility of your selected courses being closed, we strongly recommend that you meet the tuition payment deadline.
Q: Does my bank/financial institution have to be in the United States?
Yes, only checking accounts with U.S. financial institutions may be used for making payments.
Q: Can I use either a checking or savings account?
Payment using an electronic check must be made only from a checking account.
Q: Can I use a Home Equity Line of credit account to make an e-check payment?
No, please be advised this service is not available if payment is being made from a Home Equity Line of credit account. You must submit your line of credit check directly to the NYU Office of the Bursar.
Q: Can a parent, spouse or employer make payment on behalf of a student?
E-check is available to parents and/or others who want to submit payments for tuition and fees as long as they know the student’s identification number. All account information is confidential for each e-check user. No other person will have access to another’s checking account information.
Q: What happens if I do not have enough sufficient funds in my checking account when the electronic check is processed?
Insufficient funds will be assessed a returned check fee of up to $45.00 by NYU and you will be prevented from using a personal check (paper or electronic) in the future. Your bank may also require you to pay an additional returned check fee.
Q: Can I use a check from my credit card company to make an E-check payment?
No, you must submit a check from your credit card company directly to the university.