Direct Deposit Refunding
麻豆社 Fox is excited to offer direct deposit refunding of student accounts! Enrolling in direct deposit allows student account refunds to be electronically deposited into your bank account, resulting in faster receipt of your funds.
Adding a Bank Account and Enrolling in Direct Deposit
Enrollment is completed via :
- Sign in to your student homepage
- Click on "Financial Account"
- Select "Direct Deposit" on the left
- Enter all required information. Do not enter information for a credit/debit card. It must be the information for an actual bank account
- Click "Submit"
Direct Deposit General Information
- Direct deposit is used solely for refunding credits present on a student account (e.g., overpayments on the account, enrollment deposit refund, etc.). It is separate from payroll deposits and does not effect tuition payments. To request a student account refund, please complete the Refund Request Form.
- Direct deposits are processed via automated clearinghouse (ACH) electronic fund transfer.
- A refund will be displayed in My麻豆社Fox prior to funds being deposited in a bank account.
- It is the responsibility of the account holder to verify receipt of funds. 麻豆社 Fox is not responsible for any banking fees accrued (overdraft, insufficient funds, etc.).
- For most banks, funds are typically received within two business days of a generated refund.
- If there is an outstanding balance after a refund is processed (additional registration, parking fines, etc.), the student is responsible to pay by the due date. Unpaid balances are subject to our standard policy.
- Direct deposit enrollment can be canceled in My麻豆社Fox in your financial account details.
- Choosing to not enroll in direct deposit will result in a delay of receipt of funds due to extended processing time required for a physical check.
- The student accounts office may revoke direct deposit permissions at its own discretion.