When you set up a direct deposit, funds will be delivered directly into your bank account. This is currently the only way to receive your money from a UBC bursary, award, or scholarship. Direct deposit is convenient, safe, and fast.
About direct deposit
When to set up direct deposit
You may be required to set up direct deposit if:
- You have a tuition credit on file and are requesting a refund.
- You’re expecting a bursary, award, or scholarship and may have a credit on file.
- You're expecting funding from your US Loans.
Your direct deposit information will expire on the Student Service Centre (SSC) after 5 years. At that time, you will need to re-enter your banking information. It is important to double check that your direct deposit has not expired prior to your refund.
Before you set up direct deposit
Be extra careful when adding your banking information for direct deposit. Make sure your mailing address on the Student Service Centre (SSC) is valid and up-to-date with the correct postal code or zip code. This will prevent errors and avoid delays processing your funds.
How to set up direct deposit
To set up direct deposit, you will need a chequing account at a Canadian financial institution.
- Log into your Student Service Centre (SSC) and select “Banking Details - Direct Deposit” under Finances.
- Add the following banking information:
- Your financial institution’s name
- The institution and transit numbers
- The account holder’s name and bank account number
- Double-check your information to make sure it's correct.
- Once you have added this info to the SSC, you can edit or change it anytime.
You can find your banking information at the bottom of your personal cheque.
If you don’t have cheques, contact your financial institution for details. Some financial institutions allow you to view a digital cheque through online banking.
If you're on financial hold
If your Student Service Centre (SSC) account is on hold, it might mean that you haven't fully paid your tuition or fees and have an outstanding balance in your financial account.
If you receive a bursary or award, the funds will automatically be paid toward your outstanding fees, and any amounts remaining will be deposited to your tuition account.
You can still update your banking information while your account is on hold.
If you have questions
If you're an undergraduate student, please contact your Enrolment Services Advisor directly. To find your advisor’s contact information, log into your Student Service Centre (SSC) and select “UBC Contacts” under Personal Info.