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home > barc > billing office > refunds | |
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Financial Aid and Graduate Aid Refund Checks will be mailed to students 10 days prior to the start of classes. Direct Deposits will settle 10 days prior to the start of classes. ALL checks will be mailed to the local mailing address as indicated in GOLD.
Direct Deposit of Refund Checks - IMPORTANT CHANGE Effective July 1, 2006, all refunds resulting from financial aid funds (scholarships, grants, and loans) disbursed through BARC will be made via the electronic deposit of funds directly to a personal checking account using Gaucho Direct Deposit. What is Gaucho Direct Deposit?
How do I Enroll in Gaucho Direct Deposit? It’s easy! Just complete the form found at http://www.barc.ucsb.edu/Direct_DepositV2.pdf including a voided check and mail or walk it into the BARC office. That’s it.
To ensure that Gaucho Direct Deposit is effective for your next disbursement of funds, please complete the Authorization Form as soon as possible. Frequently Asked Questions Q: Can I sign up for Gaucho Direct Deposit even if I am not receiving Financial Aid? A: Yes. Complete the same form found at http://www.barc.ucsb.edu/Direct_DepositV2.pdf including a voided check and mail or walk it into the BARC office the same way that Financial Aid students do. Q: How do I know when my refund has been deposited to my checking account? A: You will be sent an Email to your UMAIL address prior to the settlement of funds in your checking account. Questions about whether funds are available for you to use should be directed to your banking institution. You can also view refund transactions on the MyBARC website (https://mybarc.ucsb.edu). Q: Can I have the money deposited to my parent’s account? A: The student’s name must appear on the checking account; joint accounts are acceptable. Q: How long does Gaucho Direct Deposit take to set up? A: It takes roughly 2 weeks from the time your application is received at the BARC office to become active. Q: What if my banking information changes? A: If you are currently enrolled in Gaucho Direct Deposit, and your banking information has changed, complete the enclosed Authorization Form and check the box entitled “Change”. Q: Can I opt out of Gaucho Direct Deposit? A: Where circumstances make it impossible for funds to be electronically transferred to a personal checking account (e.g., students living abroad, foreign students, etc), special arrangements can be made by contacting the BARC Office. Q: Do I have the option of having the excess credit remain on my BARC Account to be applied to future charges? A: Students can request that a credit balance remain on their BARC Account by contacting the BARC Office. Simply request that your refund status be changed to: “Leave On Account” or LOA. You can also cancel this refund status at any time. Requests may be made at our office or by contacting us at (805) 893-3756 or barc.info@ucsb.edu. Refund Schedule On a regular basis during the quarter, refund disbursements for Financial Aid and Graduate Aid will settle in student checking accounts on Tuesdays and Fridays. Credit on Account If you would prefer to not receive a refund check, and instead leave the credit on your account, please contact our office at 893-3756. Lost or Stolen Checks If you have not received a refund check and you believe it has been lost or stolen, you will need to fill out a "Declaration of Lost Check (Stop Payment Form)." You may complete this form and mail or fax it to our office. Our fax number is (805) 893-8063. Our address is listed below. Cashiers Office
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