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Direct Deposit of Student Account Refunds

The Office of the Bursar offers direct deposit as a more convenient means of providing refunds to students. Instead of mailing a check, we will deposit the funds directly into the student's bank account.

Refunds  by direct deposit are processed Monday through Friday during the first three weeks of the semester. After the third week of the semester, refunds by direct deposit are processed on Tuesdays and Thursdays.  Refunds via check are issued on Fridays and mailed to your mailing address. Students will receive an e-mail from the Office of the Bursar to their OHIO e-mail address when refund has been processed.

Ohio University employees  who are also students must sign up for direct deposit through their My OHIO Student Center to receive refunds to their bank account. The direct deposit enrollment for payroll-related activity is separate from the student account.

Enrollment in Direct Deposit

Enrollment is a two-step process:

  1. Entering bank account information
  2. Assign the bank account to direct deposit

Both steps must be completed or the direct deposit enrollment will not be valid and a paper check refund will be issued. To start the direct deposit enrollment process, sign into the My OHIO Student Center. In the Finances section, select "Enroll in Direct Deposit" from the dropdown menu.

After entering your bank account information in step one, be sure to click “Proceed to Enroll in Direct Deposit,” otherwise enrollment in direct deposit is not complete. Enrollment is complete when the message, “Congratulations! You are now enrolled in direct deposit” has been displayed. 

Please watch Enrolling in Direct Deposit for Student Refunds for a tutorial on how to enroll.

Direct Deposit Guidelines

  • Financial aid refunds begin processing on the first day of a semester for students whose financial aid has disbursed and are enrolled in direct deposit.
  • The deposit of financial aid funds will be credited to your bank account within 1-2 business days after refund transaction has posted to your student account.
  • Prior to writing any checks or attempting to withdraw deposited funds, you should contact your financial institution to verify your refund has been deposited.
  • In the event that the University may be obligated to withhold any additional part of your financial aid for any reason, Ohio University shall have the authority to immediately terminate any transfer in process.
  • You are responsible for repayment if you receive money that you are not entitled to. This includes the return of a previously issued refund based on enrollment changes after the refund was initially given. Please see the  Withdrawal Policy  for additional information.
  • If you take any action, without adequate notification to the Office of the Bursar, which results in non-acceptance of a transfer by your financial institution, Ohio University assumes no responsibility for processing a replacement refund until the funds are returned.
  • Direct deposit is only available for student refunds. Proceeds from Parent PLUS Loans are issued by check to the borrower unless the parent requests funds be issued to the student.
  • Funds must be deposited in a bank account in the student's name.

Need more information? View our Frequently Asked Questions.