How to set up your direct deposit if you are a student receiving a refund through Student Finance & Awards

Details

Instructions for setting up your direct deposit information if you are a student receiving a refund through Student Finance & Awards.

 

Step-by-Step

  Description Screen
1 Gather information from a blank cheque.  The account must be in your name, and not belong to someone else.  The numbers on a cheque are:
  1. Cheque number (NOT NEEDED)
  2. Transit number
  3. Institution number
  4. Account number (NOTE - this number is sometimes longer than 7 digits, up to 11 or 12)

If you don't have physical cheques, most banks provide this information in your banking app or on their internet banking web page.  Your bank can also help you find this information.

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2 Log into PAWS > Tuition and Fees > Add, update or review your direct deposit information Uploaded Image (Thumbnail)
3 Click Add New in the top right corner Uploaded Image (Thumbnail)
4

Enter your Institution and Transit Number (1), otherwise known as your Routing Number, and Account Number (2), and select your Account Type (4).  Do NOT use spaces or special characters (@#$%&, etc.) when entering these numbers.

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5 Verify that all information is correct (1), check the agreement box (2), and then click SAVE (3). Uploaded Image (Thumbnail)
6 You will see a notification that the information was Saved Successfully, and the entry will show your bank, routing and account numbers, and the account type. Uploaded Image (Thumbnail)

Direct Deposit Criteria

  • Your account must be with a Canadian bank
  • You can only deposit the funds to one account
  • The bank account is not a line of credit or business account