Direct Deposit - Legal Message

Agreement

I hereby authorize, in accordance with the rules and regulations of the National Automated Clearinghouse Association ("NACHA"), University of Central Florida (UCF) to credit any reimbursements or refunds due to me via automated clearinghouse electronic fund transfer ("ACH") to the bank and bank account referenced and owned by me. Further, if UCF deposits funds to my account(s) which I am not entitled to receive, I authorize UCF to direct the bank to return the funds deposited. This authorization will remain in effect until cancelled. I will submit an updated authorization if I change my bank account, close my bank account, or change financial institutions. Any cancellation must be received by UCF in such a manner as to afford UCF reasonable opportunity to act on it. This agreement is not applicable to PLUS loan refunds payable to a parent.

You may change your account information as necessary. Funds will be available depending on timing of this submission.

Should you wish to cancel your direct deposit enrollment, please contact Student Account Services.


Special Note: Please make sure Direct Deposit is changed and inactivated before closing your account. Otherwise, the funds will be returned to UCF and cause a 7-10 day delay before a replacement payment can be issued.



 

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