eRefund (also known as direct deposit) is a fast, secure, and convenient way to receive your student account refund. eRefunds are processed daily, Monday through Friday, excluding banking holidays.
Benefits
- Free service available to all students.
- Quick and convenient access to your refund.
- eRefund enrollment carries over from semester to semester.
- Avoid lobby and drive-up lines to deposit or cash a check.
- Eliminates the possibility of a check being lost or stolen and forged.
- Safe and confidential electronic transfer of your refund.
Enroll and Manage your eRefund
- Students enroll and manage eRefund bank information on their MyUW Student Center.
- eRefunds are processed Monday through Friday (excluding holidays), and post as a credit to the bank account within 1-3 business days. Please refer to your financial institution’s policy concerning the availability of these funds.
- eRefunds can only be deposited into a checking or savings account held at a United States bank. (UW-Madison is unable to send funds to foreign bank accounts).
- eRefunds are only available for students. Parent PLUS loan refunds are a check mailed to the parent.
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Enroll
Enroll in eRefund by logging into your MyUW Student Center:
- Select Financial Account
- Navigate to the eRefund (Direct Deposit) section and select “Manage eRefund Enrollment” to access the Student Account eBilling/ePayment site
- Select your name to view your profile (upper left hand corner)
- Under “Direct Deposit Refunds”, select Sign Up
- Agree to Terms and Conditions
- Select a saved account or new bank account
- Enter required bank information and select ‘Continue’
- Verify your bank account details and select ‘Complete’
Edit my eRefund account
Access your MyUW Student Center:
- Select Financial Account
- Navigate to the eRefund (Direct Deposit) section and select “Manage eRefund Enrollment” to access the Student Account eBilling/ePayment site
- Select your name to view your profile (upper lefthand corner)
- Under “Direct Deposit Refunds”, select the pencil icon to edit your bank information
- Select a saved account or new bank account
- Enter required bank information and select ‘Continue’
- Verify your bank account details and select ‘Complete’
The new bank information entered will automatically replace any previous bank account information.
Withdraw from eRefund
Access your MyUW Student Center:
- Select Financial Account
- Navigate to the eRefund (Direct Deposit) section and select “Manage eRefund Enrollment” to access the Student Account eBilling/ePayment site
- Select your name to view your profile (upper left hand corner)
- Under “Direct Deposit Refunds”, select the pencil icon to edit your bank information
- Select “Cancel direct deposit refunds” button. A confirmation screen will appear – select “Cancel direct deposit refunds” again to complete
- You will receive an email confirming your eRefund withdrawal
You may re-enroll in eRefund at any time.
How do I know an eRefund has been processed?
- An email notification is sent out to the student’s wisc.edu email address when an eRefund is processed.
- The refund will be listed on your MyUW Student Center in the Financial Account/Account Inquiry the day it is processed.
- The eRefund will post to your bank account within 1-3 business days. Please check your bank account activity for confirmation.
Monday – Friday
Virtual Services available 8 AM – 4 PM
333 East Campus Mall #10501
Madison, WI 53715-1383