Direct Deposit Program
Frequently Asked Questions
Q. What are my choices for receiving my refund?
A. Students can receive their refunds in one of two ways:
- Direct Deposit to my personal bank account (preferred method):
Students that provide the Student Accounts Office with their banking information will
have their funds electronically deposited into their checking account avoiding postal
delays and a trip to the bank.
- Check Mailed:
If a student elects not to participate in the direct deposit program, a paper refund
check will be mailed. It is the student’s responsibility to maintain their current
mailing address with the Registrar’s department or update it on Banner Web. Incorrect
information provided by the student, or postal delays in delivery will further delay
receipt of check.
Q. Will I get my refund faster?
A. Yes. GSU is implementing this program to get the students their refund as quickly
as possible. By participating in the direct deposit program, the student will avoid
the time it takes for postal delivery and avoid a trip to have the check deposited
or cashed. Refunds will be available in your bank account the same day a paper check
will be mailed.
Q. How often will GSU process refunds?
A. GSU will process refunds once per week. Each Friday, funds will be either direct deposited
into the student’s bank account or mailed to the mailing address provided by the student.
Q. What if I need my refund to purchase books for classes?
A. A student that has financial aid awarded can use that credit to purchase books at
the bookstore on campus if excess funds are available. A student can also use their
credit balance to add GFLEX funds for use at the bookstore.
Q. Does the direct deposit program have any effect on my financial aid award?
A. The direct deposit program does not have any effect on the type or amount of aid awarded
to students. It is simply a more efficient way to distribute refunds as a result of
aid being awarded.
Q. I am ready to sign up! What do I need to do?
A. The steps for a student to participate in the direct deposit program are as follows:
- Navigate to the Direct Deposit form on the GSU website-www.gram.edu. Click on Student
Life at GSU. Click Student Services. Click Student Accounts. On the left side, click
Direct Deposit Authorization Form. Please download and print the Direct Deposit Authorization
form.
- Deliver the completed form with an original signature and voided check to the Student
Accounts Office (located on the 1st floor of Long-Jones Hall) or mail to P.O. Box
25, Grambling, LA 71245 or fax to 318-274-2302.
- Start enjoying the benefits of direct deposit.
Q. What happens if my direct deposit was returned to the university for invalid
bank account information or if the check returned due to incorrect mailing address?
A. It normally takes banking institutions 2 to 3 business days to return direct deposits
to the university. The university will reprocess a check for all direct deposits returned
due to incorrect banking information within two weeks. The check will be mailed to
the mailing address provided by the student in the Banner system. Checks that are
returned in the mail due incorrect address will be held at the Cashier’s Office located
in Long-Jones Hall on the first floor. At the end of each fiscal year, all checks
that are left in the Cashier’s Office with invalid addresses will be sent to the State
of Louisiana or Department of Education as unclaimed property.
Q. Can I set up the direct deposit in my parent/guardian, sister/brother, friend, etc.
bank account?
A. No, the direct deposit bank account must be in the student’s name. The bank accounts
have to be the student’s name.
Q. What address do I update on Banner Web to ensure that my refund check is mailed to
the correct address?
A. Please update the student mailing address on Banner Web under Personal Information.
Select Update Addresses and Phone Numbers. Under the Student Mailing Address section,
click on current and update the information and click Submit.
Click here for PDF.
