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Students are required to sign up for direct deposit in order for the Cashier’s Office to most quickly deliver any credit balances directly to their bank accounts. This can be a US checking account of your choice.

To sign up for direct deposit, login to the Student Center through Self Service in ConnectCarolina. In the Student Financials section, click on Pay Bills/Manage Student Finances. Click on eRefunds and then Set Up Account. Pop-up blockers must be disabled to allow the system to display pages. Instructions on how to set-up direct deposit.

Checking Account Options Available From Wells Fargo

UNC and Wells Fargo have teamed up to offer you optional added banking convenience with your Affinity UNC Debit Card. The custom designed Affinity card is only offered to current students, faculty and staff, by Wells Fargo.

Disclosures, Features, and Fees

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

UNC receives financial support from Wells Fargo for services associated with the Affinity UNC Debit Card to help offset costs.  A separate Affinity UNC Debit Card  account is not required for students, faculty and staff to access other campus services; a standard campus ID card may be utilized

Students can have credit balances for a number of reasons. In fact, they will generally start off with a credit balance, because they usually pay an enrollment deposit months before the first charges are billed. Below are the most common types of credit balance causes and related information.

Credit Balance Refund Exceptions

In most cases, credit balances are refunded directly to the student. Please be aware of the following exceptions:

  1. Refunds of credit balances caused by parent plus loans exceeding student account charges will be refunded to the parent by check mailed to the address provided by the parent, unless the parent directs the refund to go to the student on their Plus Loan application.
  2. When the credit is due to a potential over-award of financial aid, the credit may be held until the Office of Scholarships and Student Aid has reviewed the account. If financial aid is determined to exceed the federal definition of need, the over-award will be refunded to the appropriate financial aid fund.
  3. When the credit is due to a payment that unreasonably exceeds charges, the University may choose to return the funds to the payer.
  4. In the case of posting errors, the University will reverse the error.

Otherwise, the credit is the property of the student. Students may request that credit balances that arise on their accounts be refunded to them or they may request that a particular credit balance be applied to charges in a future term. Standing requests to hold credit balances indefinitely will not be honored.

Financial Aid Credit Balance

Many students receive financial aid that exceeds their student account charges and are entitled to a refund to cover their other living expenses and are required to sign up for direct deposit.

Refunds of credit balances caused by financial aid exceeding student account charges will be refunded to the student by direct deposit to their bank account, usually three to four business days after the aid is placed on the student account.

Non-Financial Aid Refunds

If a student account has a credit balance for reasons other than financial aid, the refund will not be generated until after the first two weeks of classes for the semester. This includes overpayments where personal payments combined with financial aid exceed the balance, credit balances due to dropped classes, and other overpayments. Any refunds related to personal payments cannot be refunded until ten (10) business days after posting to the student account.

There are many banking options in the Chapel Hill area.  When selecting a bank, an accessible location, availability of ATMs (Automated Teller Machines) and bank fees are important considerations.

Employees of the University of North Carolina at Chapel Hill are eligible to become members of the North Carolina State Employees’ Credit Union and use their banking services. You must have a Social Security Number to become a member.

Additional Information