Students may sign up to receive refunds via direct deposit (ACH).
This means payments can be deposited directly into the student's bank account with no
waiting for a check to be mailed. Students who do not sign up for direct deposits will
have refund checks mailed to their student mailing address, as maintained in the Office
of Registration and Records, in the student's name.
Important: See withdrawal for information on refunds for students who cease class attendance prior to the end of a semester or term.
Students can sign up for direct deposit of student refunds via the MyISU Portal. Students can also view and change direct deposit allocations at the same site.
If the student already has an allocation, it will be displayed on the screen. To change the current allocation or sign up for the first time, click on "Change Direct Deposit Allocation" and follow the instructions. Any new allocations will be noted with a status of "Inactive" until reviewed by the Office of the Controller. Once approved, the student's allocation will be changed to "Active" and any previous allocations will be removed. Allocations changed and created via the Web will be processed daily, Monday through Friday.
Note: Students may also sign up by submitting this Direct Deposit Authorization Agreement Form (in pdf format with type-in fields) via fax to (812) 237-8179. Forms may also be brought to the Office of the Controller or mailed to Indiana State University, Office of the Controller/Financial Accounting, 200 N. 7th Street, Terre Haute, IN 47809. Due to processing time required, it may take up to five business days for the request to go into effect. However, the average processing time is about two business days.
Last updated: 8 May 2013
The University Board of Trustees reserves the right to change fees at any time in the future. The right to correct errors is also reserved.
Office of the Controller
Indiana State University
200 North 7th Street
Terre Haute, IN 47809
(812) 237-8179 (fax)