Direct Deposit Agreement
I hereby authorize Winthrop University to (1) transfer the full amount of the credit balance on my student account, after deductions for tuition, fees, housing, and other charges, to the financial institution indicated, and (2) if necessary initiate debit entries and adjustments for any credit entries made in error. This authorization will remain in effect until canceled in writing, or upon graduation. A new authorization must be completed if I change my account, close my account, or change financial institutions. Failure to do so will cause a delay in receiving my deposit.
The credit balance on my student account will be deposited directly to my bank account.
Prior to writing any checks or attempting to withdraw deposited funds, I should contact my financial institution to verify receipt of funds.
In the event that funds are disbursed to me by direct deposit in error or recalculation, the University reserves the right to debit my checking account for the amount of overpayment. NACHA, the National Automated Clearing House Association, requires that Winthrop University notify me before processing a debit against my account. Otherwise, the Cashier’s Office will not use the information contained on the Direct Deposit Authorization form for any purpose other than direct deposit transactions.
If, during subsequent evaluations, the Financial Aid Office or any Third Party sponsor determine my financial aid need or eligibility has changed, I may be required to repay all or a portion of awards credited to my account and/or funds transferred to my checking account. Failure to repay these funds could result in financial holds being placed on all my academic records, referral of my account for collection or litigation and referral to the South Carolina Department of Revenue Tax-Offset program. I will pay any costs associated with the above.
If I take any action, without adequate notification to the Cashier’s Office, which results in non-acceptance of a transfer by my financial institution, I understand that Winthrop University assumes no responsibility for processing a replacement transaction until the funds are returned to Winthrop University by my financial institution.
I agree to notify Winthrop University immediately in writing of any changes to information pertaining to my checking account or to terminate this authorization. I also understand that I should insure my address information is current by accessing my Wingspan account.
The Direct Deposit Authorization form can be printed off the web or picked up in the Cashier’s Office in Room 22, Tillman Hall.
Please direct questions to the Cashier’s Office at (803) 323-2167 or visit us in Room #22, Tillman Hall.