Direct deposit is convenient, safe and fast, with funds deposited directly into your bank account. This is currently the only way to receive your money from a bursary, award, or scholarship.
What is Direct Deposit?
When to set up direct deposit
- If you have a tuition credit on file and are requesting a refund
- If you’re expecting a bursary, award, or scholarship and may have a credit on file
- If you're expecting funding from your US Loans
Your direct deposit will expire on the Student Service Centre (SSC) after five years. If your direct deposit expires, you will need to re-enter your banking information.
Setting up direct deposit
Before you set up direct deposit
Be extra careful when adding your banking information. Make sure your mailing address on the Student Service Centre (SSC) is valid and up to date with a 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 onto the 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 the 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
Direct deposit while on financial hold
If your Student Service Centre (SSC) account is on hold, it usually means that you haven't fully paid your tuition or fees.
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 account.
You will be able to update your banking information while your account is on hold.
If you have questions
Please contact your Enrolment Services Advisor directly. If you do not have an assigned advisor, they are still available to help.