Student Refund Direct Deposit

Questions and Answers about Direct Deposit

Q: If I already have my work-study payroll check directly deposited will I need to complete this form too?
A: YES, your student refund is not related to your Payroll Direct Deposit.

Q: How often does BU process refunds?
A: Credit balance refunds are processed each week, excluding holidays. Deposits are typically posted the following business day by most banks.

Q: How will I know when my refund is posted to my bank account?
A: You can verify your deposit by calling your bank, checking your balance through your bank's ATM or web banking service.

Q: Can my refund be deposited into the account of my choice?
A: YES, you may choose any account for your direct deposit refund – checking or savings. You can also choose to have the money refunded to your parents account.

Q: What happens if I change banks?
A: You must notify the Student Financial Planning office immediately and complete a new authorization/enrollment form.

WHY Direct Deposit?

Quicker – Funds are usually available within 1-2 business days following transfer from BU.

Flexible – Direct deposits can be deposited at your local bank or the bank in your hometown.

Convenient – Direct deposit is available to you, regardless of your schedule. You don't have to be on campus or in town to receive your credit balance refund.

Safe – Direct deposit eliminates the risk of a lost or stolen check. Most problems with credit balance refunds are with paper checks, not direct deposits.

Download the Authorization/Enrollment Form (PDF) to enroll in direct deposit. Please print the form, fill it out and return it to the Student Financial Planning office. Also be sure to attach a voided check or deposit slip with this form.

Belhaven University
Student Financial Planning
1500 Peachtree Street , Box 159
Jackson, MS 39202
Phone: 601-968-5933
Fax :601-353-0701
studentaid@belhaven.edu