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Minnesota State University, Mankato

Minnesota State University, Mankato

Student Direct Deposit

Page address: http://www.mnsu.edu/campushub/directdeposit/

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For the 2014-2015, 2013-2014 School Years

Minnesota State Mankato
School Code: 002360


http://www.mnsu.edu/campushub/studentguide/


http://mnsu.financialaidtv.com/


E-Services

Register for Classes
Change Address
My Financial Aid
My Account
Online Payment

Minnesota State University, Mankato makes payments to financial aid recipients and student payroll employees through the Direct Deposit program. This program allows you to have your financial aid (less payments for outstanding charges) and/or student paycheck deposited directed into your designated bank account on scheduled disbursement dates and/or paydays.

  • Direct Deposit is Safe No more opportunities for lost or stolen checks.
  • Direct Deposit is Convenient A trip to pick up the check and then a trip to the bank is no longer needed. If you are out of town, the deposit is made just the same.
  • Direct Deposit is Dependable Payment is available sometime during the day of business on the scheduled disbursement (Dependent upon bank processing schedules).


There are behind-the-scenes processes that generate payments to students, whether through Student Payroll, Financial Aid, or Student Refunds. Therefore, updates to your direct deposit authorization may not immediately affect payments already in progress*. Always confirm funds have been posted to your bank account prior to entering into transactions that will draw from those funds.


Verify Direct Deposit Information

  1. Log in to mnsu.edu/eservices with Tech ID and Password
  2. Select either Student Employment or Financial Aid
  3. Click on Direct Deposit Setup
  4. Verify your bank account information

To Sign Up

  • If you sign up for a MavCARD with a Wells Fargo® checking account linked to it, the bank account set up for you by Wells Fargo automatically becomes your designated bank account for the Direct Deposit program.
  • If you have not signed up for a MavCARD with a Wells Fargo account linked to it and wish to do so, just visit the MavCARD Office at SU117 to get signed up or go to Wells Fargo.
  • If you have an existing Wells Fargo checking account that is not linked to your MavCARD and you wish to link it, visit the MavCARD Office at SU117 to get signed up or go to Wells Fargo.
  • If you do not wish to link an existing Wells Fargo checking account to your MavCARD, or if you have an account with another bank that you wish to use as your designated bank account for the Direct Deposit program:
    1. Log in to mnsu.edu/eservices with Tech ID and Password
    2. Select either Student Employment or Financial Aid
    3. Click on Direct Deposit Setup
    4. Follow instructions to view/update your bank account information

Direct Deposit Payment Notifications

Financial Aid

An email notice is sent to notify you of a financial aid disbursement. To view the amount of the payment, log into the secure e-services web site at mnsu.edu/eservices,

  1. Enter your Tech ID and Tech ID Password, and select the I Agree buttons
  2. Select Bills and Payment (left side list area)
  3. Select Full Account Detail (left side list area)

Direct deposit payments are noted as “Payment to Student” on the detail screen.

Student Payroll

Payroll Advices (paystub information)

  1. Log in to mnsu.edu/eservices with Tech ID and Password
  2. Select Student Employment
  3. Select Earnings

Important: Always verify that funds scheduled to be directly deposited in your bank account are posted by your financial institution before entering into transactions that authorize the withdrawal of those funds.

Changing Banks or Bank Accounts

If you change banks or bank accounts, please keep in mind that you need to update your direct deposit authorization with the university.

  1. Log in to mnsu.edu/eservices with Tech ID and Password
  2. Select either Student Employment or Financial Aid
  3. Click on Direct Deposit Setup
  4. Follow instructions to view/update your bank account information


*Effective Dates

There are behind-the-scenes processes that generate payments to students, whether through Student Payroll, Financial Aid, or Student Refunds. Therefore, updates to your direct deposit authorization may not immediately affect payments already in progress.

As a general guide to determine effective date, when you:

  • Add or Change Direct Deposit Account
    • Student Payroll: it must be updated at least six business days prior to scheduled payday1
    • Financial Aid Overages: it must be updated at least one business day prior to “Payment to Student” transaction date on e-services Full Account Detail page
    • Student Refunds: it must be updated at least one business day prior to “Payment to Student” transaction date on e-services Full Account Detail page
  • End Direct Deposit Account
    • Student Payroll: it must be updated at least five business days prior to scheduled payday1
    • Financial Aid Overages: it must be updated at least one business day prior to “Payment to Student” transaction date on e-services Full Account Detail page
    • Student Refunds: it must be updated at least one business day prior to “Payment to Student” transaction date on e-services Full Account Detail page

Actual timing of the effect of add/change/end actions on future payments may vary slightly from the above general guidelines. Holidays may also affect timelines of effective dates.

1 Your Student Employment pay stub indicates bank account in effect for each payday. View information on e-services by selecting Earnings within the Student Employment menu.