Why Sign Up for the Direct Deposit of Student Refunds?
Direct Deposit is the fastest and most secure way to receive your refund. By electing this option, a student's refund will be directly deposited into their checking account, at the financial institution of choice, which will ultimately be faster than waiting for the check to arrive in the mail.
Benefits of Direct Deposit
- Reliable and Faster:
The electronic transfer of funds is the best way to receive your refund money fast. It is quicker and more efficient than receiving your check in the mail.
- Here's the reason why:
By electing the Direct Deposit process, your refund money will automatically be deposited directly into your bank account, thereby eliminating the 3 to 10 days of mailing time.
- Convenience:
No pacing by the mailbox, or wasting time waiting on lines at the bank because your refund money will automatically be deposited into your account.
- Security:
Your check cannot become lost or stolen.
- Flexibility:
Switching accounts or changing banks is easy. Just fill out a new Student Authorization Direct Deposit Form.
How Do I Sign Up?
Signing up for the Direct Deposit of refunds is fast and easy.
- Just complete the Refund Direct Deposit Student Authorization Form
- Attach a voided check marked with your student ID number
- Return original forms by mail to:
New York University
Office of the Bursar - Direct Deposit
7 East 12th Street, 7th Floor
New York, NY 10003-4475
- In Person Drop Off: You may also drop off the form/voided check in person to the following Bursar Office locations:
- Main Office: 25 West 4th Street, Ground Floor
- Stern School of Business: 44 West 4th Street, 6th Floor
- Dental School: 345 East 24th Street, Room # C118
- School of Medicine: Greenberg Hall, 545 First Avenue, Room# SCI-129
When first signing up for direct deposit, please allow 10 business days for the direct deposit to take effect. Once you have signed up for direct deposit, any future credit balance will automatically be deposited into your bank account until graduation or withdrawal. If you decide to change banks or cancel direct deposit all you need to do is notify the Bursar by filling out a new form.