DIRECT DEPOSIT

FINANCIAL AID

The direct deposit program allows a student to have their financial aid (less payment for outstanding charges) direct deposited into their designated bank account. The students checking/savings account will be credited on the following business day, after a scheduled disbursement day.

After the initial financial aid disbursement, disbursements will be processed each Monday, Wednesday, and Friday.  If you participate in the financial aid deposit program your tuition refunds will also be direct deposited, unless you paid your tuition online with a credit card.

To complete the authorization form click here.
*** Completed forms must be submitted two weeks prior to financial aid disbursement. ***

 

WORK-STUDY

Student payroll funds are direct deposited on the second Friday following the Tuesday that timesheets are due. Students who participate in on-campus employment are required to have their payroll funds direct deposited.

To complete the authorization form click here.

 

OTHER IMPORTANT CONSIDERATIONS

Verifying your deposit

Always verify that funds scheduled to be directly deposited, in your bank account, are posted by your financial institution before entering into transactions that authorize the withdrawal of those funds.

Changing Banks or Bank Accounts

If you change banks or bank accounts, please keep in mind that you need to update your direct deposit authorization with the Normandale Community College Business Office. Simply submit a new Student Financial Aid, Work-Study and Tuition Refunds Direct Deposit Authorization form with your current information. When completing the question “This form is being submitted to:” select “change a previously submitted direct deposit authorization”