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Frequently Asked
Questions
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Who can sign up for Direct Deposit? |
Law Students
Graduate Students
Part Time Studies Students
Undergraduate Students |
How do I sign up? |
Signing up is easy - read and complete the e-Refund Sign Up Form, by
going to our website at:
http://www.villanova.edu (click on
NOVASIS - Student &
Financial Aid - Student Account Information - E_Refund Signup). If
you have a problem logging into NOVASIS or do not have a pin number,
please contact the help desk at 610-519-7777. |
How long before I can receive my direct deposit
transaction? |
When a student signs up for direct deposit, the Procurement Office creates
and verifies a direct deposit account using information from the e-Refund
Sign Up Form. The setup and verification process takes
approximately two weeks. The Bursar's Office transmits the direct
deposit information on a similar schedule to our printed check schedule (more
often at the beginning of the semester when most loans are received).
The advantage of direct deposit is the availability of all your funds
without having to pick up a refund check and do the banking. |
I signed up for direct deposit this semester.
Do I have to sign up again next semester? |
No, a direct deposit consent remains in effect as long as you are in school.
Just remember that if your checking or savings account information
changes, you MUST complete a new e-Refund Sign Up Form. |
Can I designate the direct deposit to my parent's
account? |
Yes, you must provide your parent's account information. |
What if my account is an out-of-state bank? |
Direct deposit can go to any financial institution within the United States. |
Will someone notify me when funds are deposited to
my account? |
Yes. You will receive an email or you can check your refund
status by accessing your student account on
NOVASIS. When you see a
refund transaction, the funds should be in your account within two to three
business days. You can also contact your financial institution to
verify the deposit prior to writing any checks or attempting to withdraw the
funds. |
Will you ever go into my checking account for any
reason other than to make a deposit? |
In the event that funds are disbursed to you in error by direct deposit, the
University reserves the right to debit your account for the amount of
overpayment. The National Automated Clearing House Association (NACHA)
requires that we notify you before processing a debit against your account.
Otherwise, the Procurement Office will not use the information contained on
the Direct Deposit Authorization form for any purpose other than direct
deposit transactions. |
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