Direct Deposit
Refund Information
The Georgia Tech Bursar's Office is now processing all student refunds using Electronic Funds Transfer (EFT) also known as Direct Deposit for student refunds. Please note that if you are a student employee of Georgia Tech and have signed up for direct deposit of your paycheck, the Bursar's Office refund process is done on a different system and you must sign up separately per the instructions below or you will not receive your student refund in a timely manner. As a student, you can register for EFT on Oscar at http://oscar.gatech.edu following the instructions below, and once your account information is verified, your disbursements will be processed directly into your checking or savings account.
Deposits via EFT are made directly to your bank account and will include refunds due to overpayment of your student account resulting from financial aid, scholarships, fellowships, loans or stipend payments from your sponsor. All direct deposits are guaranteed to arrive in your bank account within 48 hours after the refund has been processed in your student account. We do believe that most refunds will take only 24 hours.
Your bank must be a U.S. bank. Funds can be deposited either to your checking or savings account but not to both. We are not able to accept Money Market checking accounts nor credit union checking accounts.
Students should note that failure to register for EFT may result in delays in processing your refund, and charges to your account will be incurred to cover bank costs in the event a paper check is lost or stolen and a stop payment must be issued. This is another good reason to sign up for EFT. Please register on Oscar as soon as possible.
To sign up, do the following:
Login to
http://oscar.gatech.edu
Go to "Campus Services"
Go to "Update Direct Deposit Information"
Scroll down and fill in the bank account information (you will need one of your checks in front of you to get the required routing and account information
Click the "Submit" button.
That's all there is to it! If you make changes to your bank or account information, remember to update using this same method.
Contact us at bursar.ask@business.gatech.edu if you have questions.