Refund Disbursement Information

In order for our students to have access to their refunds sooner, and to eliminate the time students might waste standing in line, student refunds will be mailed to the student’s address of record, or students can request that refunds be processed through direct deposit.

Mailing Address of Record – A student’s address of record is the official address on file with the University. A student’s address of record can be updated through Banner Web or by contacting the Registrar’s Office.

If you have multiple addresses listed in Banner Web, your check will be mailed to the address listed as your mailing address.
All other addresses must be coded as inactive within Banner Web.

Signing up for direct deposit at SPSU is simple:

Log into your Banner Web Account
Select Student Services and Financial Aid
Select eDeposit (7^th option from the top)
Enter your banking information*

* Direct Deposit must go through a pre-note process which takes at least 15-30 business days.

Benefits of Direct Deposit

The benefits of Direct Deposit are many and varied, but for starters, they include the following:

Direct Deposit is simple

Once you have signed-up for Direct Deposit, you do not have to go to the bank to deposit checks.
Your money is automatically deposited into your account on time, every time, and you do not have to be on campus or even in town!

Direct Deposit is safe

Direct Deposit payments never get lost.
Direct Deposit is confidential. Money is transferred electronically and passes through fewer hands than a check.
Problems with Direct Deposit, which are rare, are quickly resolved.
Almost 85 percent of identity theft starts with someone seeing your personal financial information on a paper check, billing statement, or bank account statement. Once electronic payments are set up, the money travels electronically, greatly reducing the number of people who see your personal information.