Direct Deposit

Direct Deposit is the preferred method for delivery of refunds.  It is safe, secure and quicker than paper checks.

The University of Cincinnati’s preferred method of disbursing student refunds is by direct deposit, as it is safe, secure and quicker than paper checks.  When processing refunds, priority will be given to those students participating in direct deposit. Paper refund checks will not be issued until after all direct deposits have been processed. Students can sign up for direct deposit at One Stop (www.onestop.uc.edu) by clicking on "direct deposit my funds" under the MY BILL section.  Further information and instructions on how to register for direct deposit can be found by clicking <here>.  Students are strongly encouraged to enroll in direct deposit. 

What are some of the benefits?

• Generally, the funds are deposited in your bank account in about 2-3 business days.
• Mailing address problems are eliminated.
• You do not have to wait for the University to go through the process of printing, folding, and stuffing envelopes.
• You do not have to wait for the mail service to deliver your check.
• There is protection against check theft or loss.  All stop payments on checks are assessed a $25 fee and replacement of lost or stolen checks can take 2 weeks.
• You do not have to stand in line at your bank to deposit or cash your check.

Can a direct deposit be made to any bank?

• The University can direct deposit to any U.S. financial institution with electronic funds transfer capabilities.
• Most banks participate in the electronic funds transfer network.
• Contact your bank if you have any questions about the bank’s ability to accept direct deposit.

How will I know when funds have been deposited in my bank account?

• Notification will be sent to your university assigned e-mail account.
  
  

What if I don't have a bank account?

• If you do not have a bank account, you do have the option to sign up for one through CINCO Credit Union.  You can contact them at (513) 281-9988 or:

Tangeman University Center
University of Cincinnati
2766 UC mainStreet #301
Cincinnati, OH 45221
www.cinco.org

How do I enroll?

• To set up direct deposit as a student, go to www.onestop.uc.edu and Click on “direct deposit my refunds” under the MY BILL section in the left column.  For further instructions, <click here> 
   
  
• Parents who have federal Plus Loans can now sign up to have their refunds direct deposited, once the student authorizes them as a payer.  To do so, the stduent should go to www.onestop.uc.edu and click on “direct deposit my refunds” under MY BILL.  Then the student will click on the "Direct Deposit button" in the left-side bar  of QuickPAY and then on "Authorized Payers" on the left-side bar of QuickPAY.  Once the student fills out the information, an e-mail will be sent to the parent with a link directing them to finish filling out their profile.  Further instructions on how to set up an authorized payer can be found by clicking <here>.

Revised 06/05/2009