UCSB Business Services - Billing-Accounts Receivable

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 eRefund (also commonly know as Direct Deposit).

What is eRefund?

eRefund is the electronic deposit of funds directly into your personal checking account. eRefund bypasses the traditional creation and processing of a paper check, and thereby allows you to have ACCESS TO YOUR MONEY FASTER.
eRefund also provides a higher level of security, as paper checks are subject to mail delays, loss and theft.
eRefund may be used with a CHECKING ACCOUNT at any bank or credit union located in the United States.

How do I Enroll in eRefund?

It’s easy! You can now sign up online.

Sign up using MyBARC. Complete, step-by-step instructions can be found at:
http://www.barc.ucsb.edu/erefundinstructions.htm.

Frequently Asked Questions

Q: Can I sign up for eRefund even if I am not receiving Financial Aid?

A: Yes. You follow the same steps as the students receiving Financial Aid. Sign up using MyBARC. Complete, step-by-step instructions can be found at:
http://www.barc.ucsb.edu/erefundinstructions.htm.

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 eRefund take to set up?

A: eRefund is effective immediately. The moment you sign up it is in place.

Q: What if my banking information changes?

A: If you are currently enrolled in eRefund, and your banking information has changed, you must go back to MyBARC and update your banking information. .

Q: Can I opt out of eRefund?

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
1212 SAASB
University of California
Santa Barbara 93106-2003