From: by way of Lynn Davis
Date: Thu Oct 26 2000 - 10:50:25 EDT
Do you have material issues with students closing/changing bank accounts
and not informing your office of the correct information? Or do you ask
them to verify information each year they are on campus?
Just curious what level of administrative support is needed for ACH as
opposed to cutting checks (as ours is a small operation and our A/P
"department" of 2 would most likely need to help our student receivables
"department" of 1).
Thank you.
Diane Hoehnke
Wisconsin Lutheran College
Milwaukee, WI
Jeannie Gage <jgage@falcon.tamucc.edu> on 10/26/2000 07:53:19 AM
To: bursar-l@virginia.edu
cc:
Subject: Re: ACH deposit of student refunds.
Dan,
Texas A&M University-Corpus Christi does direct deposit not only for
students with Fin.Aid but to all students. We are tying to get out of the
check writing business,(will never happen).
The Business Office collects the forms from the student and ask for a
voided
check. We have found that some deposit slips do not have the same
information as the checks.
The forms are given to parents and students during Freshmen Orientation and
to Financial Aid student during their Loan Counceling Entrace Interviews.
During arena registration we also advise the student of this service.
We enter the bank information in our Student Information System and FTP the
file to the bank using MicroCash.
Please let me know if I can answer any more of your questions
Jeannie Gage
Interim Bursar
Texas A&M University Corpus Christi
6300 Ocean Drive
Corpus Christi, Texas 78412
361-825-5889 - office
361-825-2143 -fax
.----- Original Message -----
From: Littler,Dan <Dlittler@busfincomm.bfs.colostate.edu>
To: <bursar-l@virginia.edu>
Sent: Wednesday, October 25, 2000 9:13 AM
Subject: ACH deposit of student refunds.
> 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?
>
> If so, who collects the routing and bank numbers?
>
> How do you collect the information?
>
> Do you ask for voided check or deposit slip?
>
> 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?
>
> 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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