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Refund by ACH (Direct Deposit) to Students

Dillard University is pleased to announce a new service, Refund by ACH. Beginning Spring 2014, refunds of Excess Title IV funds and other credit balances will be made available via ACH. ACH (Automatic Clearing House) is an electronic network for financial transactions in the United States. Refund by ACH is free, saves time and energy and is environmentally friendly!

• Eliminates the need for students to go to the bank • Eliminates lost, misplaced, or stolen paper checks
• Eliminates mailing time and delays
• Reduces fuel and vehicle costs
• Increases productivity by securely storing banking information for multiple uses Enrolling in Refund by ACH is simple and easy.

Enroll in Refund by ACH and click on the Direct Deposit Tab in myDU. Complete the form and click “submit”.

Refunds of Excess Title IV funds and other credit balances are processed weekly. All available funds will be deposited into your bank account on Friday. You can always monitor your account through myDU and are encouraged to do so often. Refunds of Excess Title IV funds and other credit balances made payable to a student that chooses not to enroll in Refund by ACH will be paid by paper check and made available on Friday at the Cashier Window or will be mailed to the student.