DePaul University Student Financial Accounts > FAQ > Direct Deposit

Direct Deposit

Why do I need to set up Direct Deposit?

Using the direct deposit method to receive refunds in lieu of paper checks will ensure faster access to funds throughout the year and especially during the holiday season, when the university is able to electronically deposit student refunds even though the university is officially closed. This will give access to refunds approximately seven days sooner than if the refund was issued by paper check. The electronic process is also more secure and will eliminate the possibility of a check being lost in the mail or mishandled in the postal service.

As of November 1, 2007, the Department of Education has given permission to colleges and universities to require that students provide banking information to the institution, which will enable the electronic deposit of student aid refunds into the student's designated checking or savings account.​

How do I set up Direct Deposit?

Log in ​to your Campus Connect account and click on the Student Center tab at the top of the page. (The link is also available along the left side of the page.) Next, locate the "Finances" area in the middle of the page and click on the arrow to see a drop-down menu. Choose "Direct Deposit"​ and provide your banking information.

Click here​ to view step-by-step instructions.

How do I change my banking information?

Log in ​to your Campus Connect account and click on the Student Center tab at the top of the page. (The link is also available along the left side of the page.) Next, locate the "Finances" area in the middle of the page and click on the arrow to see a drop-down menu. Choose "Direct Deposit" and you will be able to update​ your banking information.

Can I pick up my refund instead of using Direct Deposit?

As of January 1, 2009, refund check pickup at university Payment Centers has been eliminated to further minimize the risk of mishandling refund checks. If you receive your refunds via paper checks, you will receive your check via U.S. mail. In-person pickup for paper checks is no longer available.​

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