Re: ACH deposit of student refunds.

From: Sandy Mooney (SMooney@txchiro.edu)
Date: Wed Oct 25 2000 - 18:39:56 EDT


See answers below.

Sandy Mooney
Chief Fiscal Officer
Texas Chiropractic College
Pasadena, TX

>>> "Littler,Dan" <Dlittler@busfincomm.bfs.colostate.edu> 10/25/00 11:13AM >>>
Hello from Colorado State University,

We are in the throes of yet another analysis about refunding to students
using ACH direct deposit. In our effort to gain insight as to how other
Colleges/Universities are, or are not, using direct deposit please respond
to the quick questionnaire below. Thanks for the information, I know your
all busy! ~Dan

Are you doing direct deposit to a bank account for financial aid refunds?

Yes, we have been for the past four+ years.

If so, who collects the routing and bank numbers?

The bursar's office is responsible for collecting and
maintaining. Students can turn them in at the financial aid office but the
info then gets routed to the bursar's office.

How do you collect the information?We have a form for gathering the information

Do you ask for voided check or deposit slip?Yes

If not, what other way do you collect this information.

If so, does anyone have the student input the information by themselves
through a
screen on a software application or though a Web page?No, not yet.

THANK YOU!
~*~*~*~*~*~*~*~*~*~*~*~*~*~
Daniel J. Littler
University Bursar
Colorado State University
RM.111 Johnson Hall
Fort Collins, CO 80523

E-mail - dlittler@busfin.colostate.edu
voice - 970.491.7131
fax - 970.491.0233



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