Direct Deposit Now Available to Students
The following message was sent to undergraduate students who have not signed up for a new direct deposit service for student account refund payments.
—————-
Dear Student:
Accounts Payable and Student Financial Services are pleased to provide student expense reimbursements and student account refund payments by direct deposit to students.
Reimbursements and student refunds can now be deposited directly into your bank account rather than mailing you a paper check.
This new service, effective today, provides several benefits to you including faster and secure payment while also supporting Wake Forest sustainability initiatives.
In order to participate in direct deposit, you MUST enroll via WIN by completing three easy steps. This enrollment is only available via the student WIN login. Authorized payers will not have access to enroll or change refund options via WIN.
Step 1: Sign into WIN/Personal Tab/Online Bills/Direct Deposit Authorization & Maintenance
Step 2: Enter your banking information under the ‘Accounts Payable Payments’ section of the form for reimbursements and student refunds and the “Payroll” section for student employment.
Step 3: Read the “Conditions Section” and click on “Submit Direct Deposit Information”. You will get a confirmation message that your information has been accepted. (You must click on submit in order to be enrolled for direct deposit)
Congratulations, your WFU student reimbursements and student account refunds will now be deposited directly into your bank account.
Important Additional Information:
If you do not enroll in direct deposit, then your student reimbursements and student account refunds will be mailed to your primary residence in the form of a paper check. Student Financial Services will no longer disburse paper student refund checks from their office in Reynolda Hall. All expense reimbursements and/or student refunds will either be direct deposited or sent to the student’s primary address in the form of a paper check. If you elect for a paper check, then please make sure that your primary address is correct with your Registrar’s Office.
A payment advice (a description of the payment processed by AP or SFS) will be delivered to your primary WFU email address. This will allow you to save your payment advice electronically. The advice is to inform you that WFU has processed your payment and not that the funds have actually been deposited into your banking institution.
After WFU processes the reimbursement, direct deposits can take up to two business days to be delivered to banking institutions based on individual bank processes.
You should verify that the payment has been deposited into your bank account prior to relying on those funds for withdrawal.
If your banking account information changes, please go to WIN and make any necessary changes immediately.
For any questions regarding direct deposit setup or expense reimbursement requests, please contact ap@wfu.edu. Any questions relating to student account refunds should be addressed to sfs@wfu.edu.
Thank you,
The Accounts Payable and Student Financial Services Teams
Wake Forest University
Financial and Accounting Services
Visit us at http://finance.wfu.edu/