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Direct Deposit FAQ
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If I have signed up for Direct Deposit in the past, do I need to sign up again for this semester?
When will my funds be available to me?
Can my refund be deposited in the account of my choice?
How will I know when my refund is posted to my bank account?
What happens if I change banks?
What happens if my refund is not accepted by my bank?
How can I sign up for Direct Deposit if I do not have access to MyView?
You do not need to sign up for Direct Deposit each semester. If you have signed up for Direct Deposit in the past, your bank account information will still be in the system. You can verify or change your Direct Deposit account information in MyView by going to: Self Service > Campus Finances > Manage Direct Deposit
Refunds are processed daily for excess financial aid and other credit balances. Allow 3-5 business days from the day that your refund is processed to receive your refund in your bank account. Click here for instructions on how to find out when your refund was processed.
Yes, you may choose any account for your direct deposit refund...checking, savings, parents.
You will be notified by e-mail at your umsl.edu email address. Notification will include amount, bank name, checking/savings and date of deposit. You must confirm your deposit with your bank. The email is generally sent 24-48 hours prior to the deposit of funds. Do not write any checks using your credit balance until you confirm that the funds are available in your account. The University is not responsible for bank charges you may incur by writing checks on an unconfirmed deposit.
You may UPDATE your direct deposit information any time through MyView.
If a direct deposit refund is not accepted by your bank, you may have entered incorrect banking information when setting up the direct deposit. When The Cashier's Office receives the rejection we will cancel your direct deposit information (if it has not been updated) and reprocess the refund. If we cancel your direct deposit information, the reprocessed refund will go out as a paper check to your mailing address.
You can use a computer in the Cashier's Office to access MyView and sign up for Direct Deposit. You can also use any computer in the Millennium Student Center or anywhere on campus to access MyView.