How to enroll in Direct Deposit
Students may sign up for direct deposit to receive their student refunds to a savings/checking account of their choice.
Benefits for enrolling for direct deposit include:
- Fastest and most secured method to receive your student refunds,
- Funds are deposited into the bank account selected eliminating check mailing wait time.
Important Information about Direct Deposit:
- The University can only deposit student refunds into domestic (US) bank accounts or credit unions.
- Communications are sent to the student's official UM email address when a direct deposit refund has been issued to the bank account in CaneLink.
- The funds are generally available within 1-3 business days after the refund date on the student's account activity.
- The direct deposit account in CaneLink is the default refund method unless the student initiates a change to thier preferred refund method.
