Bursar's Office

Direct Deposit

The University of Tennessee is pleased to offer the option of Direct Deposit for excess financial aid. You may now request to have your excess financial aid electronically credited to your financial institution checking account instead of waiting in long lines to pick up your check.

Availability of funds varies depending upon your individual financial institution and their policies of receiving and crediting this type of transfer. The funds are transmitted on the day of disbursement but may take additional days to reach your financial institution.

To enroll in Direct Deposit, complete the Direct Deposit Authorization Form which is available in the Bursar's Office located at 211 Student Services Building, 128 University Center or on this website. Your completed authorization form must be turned into the Bursar's Office on or before the "Payment Due Date" of the semester in which your request will be effective. The authorization will remain in effect throughout your University of Tennessee career unless you request otherwise.

You must provide the following for your authorization to be processed:

• A completed Direct Deposit Authorization Form.
• A preprinted, voided check (for a checking account) or a preprinted deposit slip (for a savings account) attached to the form.

Funds from the Parent Plus Loan will not be direct deposited into your account unless the parent provides a letter giving the Bursar's Office permission to release the funds to the student. Checks that require an endorsement will not be eligible for direct deposit.

You will be notified via e-mail that the funds have been transmitted to your financial institution. It is your responsibility to notify the Bursar's Office of any change in financial institution or the e-mail address.

Please contact the Bursar's Office if you have any questions about Direct Deposit by e-mail at bursar@utk.edu or call the Bursar's Office at 865-974-4495.