Frequently Asked Questions
Who can sign up for Direct Deposit?
Law Students
Graduate Students
Part Time Studies Students
Undergraduate Students
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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.
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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.
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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.
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Can I designate the direct deposit to my parent's account?
Yes, you must provide your parent's account information.
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What if my account is an out-of-state bank?
Direct deposit can go to any financial institution within the United States.
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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.
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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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