If you receive grants, scholarships and/or loans, you are expected to sign up for Direct Deposit. Your tuition and most other charges will be deducted from your aid with the excess funds being sent directly to either your savings or checking account. It takes 2 to 3 business days for the funds to be available in your bank account once it shows as disbursed on MyUW or the first day of the quarter, whichever is later.
You may set up direct deposit at any time throughout the quarter. It takes 5 days until funds can be transferred when you initially set up your account or make changes to your account information.
Direct Deposit is a safe and efficient method of having your funds deposited to your bank account. You may use any financial institution within the United States that participates in the Automated Clearing House (ACH).
Many financial institutions offer incentives such as free checking. Use the links below to find out more about some of the local banks:
To sign up for Direct Deposit go to MyUW Direct Deposit Transfer.
The authorization for Direct Deposit will remain in effect until you change or cancel it through MyUW Personal Services, Direct Deposit Transfer. If you close or change your account make sure to change your account information so that your financial aid will be available to you as quickly as possible.
If you are employed by the University of Washington and want to have your paycheck direct deposited, you may sign up using Employee Self-Service (ESS) on MyUW. Signing up for direct deposit for your financial aid will NOT automatically sign you up for Payroll direct deposit.
