How Will I Be Notified That a Refund Has Been Put Into My Checking Account?
The Office of the Bursar will send a written notification to your address in the student information system (for graduate students it will be sent to your local address, and for undergraduate students it will be sent to your permanent address) indicating the date funds are available, as well as the amount deposited to your account. It is very important that you keep your addresses current with our office. You can also check your ATM balance to verify that a refund has been deposited into your checking account.
What Happens if I Change Banks or Decide to Cancel Direct Deposit?
If you decide to change banks or cancel direct deposit, you must notify the Office of the Bursar by completing out a new form. New York University must have at least 10 business days for a change of bank account to become effective.
Will I Be Able to Receive a Check for Part of My Refund and Have the Rest Deposited Directly to My Account?
With direct deposit, the entire amount of your refund must be deposited to your bank account.
Can I Have My Refund Directly Deposited Into My Savings Account?
We are only accepting one bank account for the direct deposit of refunds and it must be a checking account.
Can I Have My Refund Check Directly Deposited Into My Parents' Bank Account?
Yes, the refund will be deposited to the bank account information submitted by the student. For your direct deposit, you may also choose to have a checking account at almost any financial institution in the United States. However, Parent Plus Loan refunds will continue to be mailed to the parent.
With Direct Deposit, Can the University Take Money Out of My Account or Obtain Confidential Information About Me?
No, only you can approve the withdrawal of money from your account. The university does not have access to your account balance or any other personal information. We only have access to information you provided on your direct deposit authorization form. Receiving your money through direct deposit is also more confidential than being paid by check because fewer people are involved in the delivery and deposit of your payment.