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Direct Deposit

Video Tutorial - How to Setup Direct Deposit

Direct Deposit allows you to receive your refund directly into your checking or savings account. You can elect to receive your refund via direct deposit by signing up online through one.iu.edu. You may also use this link to make changes to your direct deposit account or to inactivate it.

Access the Direct Deposit screen from one.iu.edu. Click "Start" and follow the on-screen prompts to enter your banking information.

Direct Deposit refunds should be posted to the student's checking account within 2-3 business days of their refund date, although your individual banking institution determines the actual processing time at this point. You are encouraged to check with your banking institution to determine that the funds are on deposit and available.

Please make sure that your direct deposit information is accurate at all times. Failure to update your direct deposit information will result in your bank rejecting your deposit and returning the funds to Indiana University. Indiana University is not responsible for ACH transactions that are rejected and/or delayed due to missing information.

Important Notice About International ACH/Direct Deposit

Due to new banking regulations, beginning September 18, 2009, funds electronically deposited via Automated Clearing House (ACH) in a U.S. bank and then forwarded to a non-U.S. bank are required to include additional information that is not currently being collected. Until this additional information can be obtained, payments of this nature must be paid by paper check or will be rejected by the ACH network. THIS INCLUDES ACH PAYMENTS PROCESSED BY INDIANA UNIVERSITY FOR VENDOR INVOICES, PAYEES ON DISBURSEMENT VOUCHERS, BURSAR STUDENT REFUNDS, PAYROLL DIRECT DEPOSIT, AND TRAVEL REIMBURSEMENTS.

If you currently forward, or in the future plan to forward, ACH payments to a non-U.S. bank; steps should IMMEDIATELY be taken to inactivate or change your direct deposit information currently on file with Indiana University. YOU NEED NOT TAKE ANY ACTION IF YOU DO NOT AND WILL NOT FORWARD ACH PAYMENTS TO A NON-U.S. BANK.

Students receiving Bursar Refunds can inactivate or initiate changes using the Direct Deposit Sign-up link in One.IU or may contact their Campus Bursar Office.

Failure to take action will result in your bank rejecting your international deposit and returning the funds to Indiana University. Indiana University is not responsible for international ACH transactions that are rejected and/or delayed due to missing information.

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