If you created any batch or online refunds with a direct deposit format, you must create a transmittal file with all the information that your institution must provide to student banks, so that the refunds can be transferred directly into the students’ bank accounts.

 

It is important to note that the system includes a student’s direct deposit refund in the transmittal file only if you set up the student’s direct deposit parameters using the Direct Deposit or Direct Deposit Canada pages through Payroll for North America.

 

In this topic, you will run the Create Direct Deposit File process.


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