Office of the Controller

Forms & Policies

Direct Deposit for Accounts Payable and Student Refunds

The Indiana State University Office of the Controller is pleased to announce the ability to pay vendors, employees, and students via direct deposit (ACH) for non-payroll items. Payments from ISU Accounts Payable can be deposited directly into your bank account with no waiting for a check to be mailed to you! Notification of payment will be sent via e-mail.

How Does Direct Deposit Work?

  • You will get an email from the Office of the Controller confirming the amount of your payment or refund and the date it was transmitted to your bank.
  • Confirm with your financial institution that your payment or refund has been deposited into your account before writing checks against these funds.
  • In the unlikely event that your bank does not accept the direct deposit, the Office of the Controller will review the problem and notify you. (This most frequently occurs because you have entered an incorrect bank account number or routing code during the sign up process.)

How Do I Sign Up for Direct Deposit?

Students & Employees - Sign Up Via the Web
Students and employees can sign up for this service via the MyISU Portal Interactive Services. You can also view and change direct deposit allocations via the MyISU Portal. Follow these simple steps:

    Students

  • Log into the MyISU Portal.
  • Select the Student Self Service badge (If this is not visible on the main log in screen it will be under the MY ISU Apps).
  • Select the "Financial Resources" tab.
  • Select "Direct Deposit for Student Refunds"
  • From the Finance tab, select "Direct Deposit for Accounts Payable and Student Refunds".
  • If signing up for the first time, choose "Add Direct Deposit". If you already have an allocation, it will be displayed on the screen. To change your current allocation, click "Change Direct Deposit Allocation". From there, simply follow the instructions on the screen. Any new allocations will be noted with a status of "Inactive" until reviewed by the Office of the Controller. Once approved, your allocation will be changed to "Active" and any previous allocations will be removed. Allocations changed and created via the web will be processed daily, Monday through Friday. This service is available only if you have a MyISU Portal ID.
  • Employees

  • Select the Employee Self Service badge (If this is not visible on the main log in screen it will be under the MY ISU Apps).
  • From the Employee Services tab, select "Self-Service Menu".
  • Select the "Finance" tab.
  • Select "Direct Deposit for Accounts Payable and Student Refunds".
  • If signing up for the first time, choose "Add Direct Deposit". If you already have an allocation, it will be displayed on the screen. To change your current allocation, click "Change Direct Deposit Allocation". From there, simply follow the instructions on the screen. Any new allocations will be noted with a status of "Inactive" until reviewed by the Office of the Controller. Once approved, your allocation will be changed to "Active" and any previous allocations will be removed. Allocations changed and created via the web will be processed daily, Monday through Friday. This service is available only if you have a MyISU Portal ID.

Vendors & Others - Sign Up Via Paper Form
If you do not have MyISU Portal access or prefer to submit a hard copy, please download the PDF Direct Deposit Authorization Agreement form below and fax to us at
(812) 237-8179, or mail or bring to:

Indiana State University
Office of the Controller/Financial Accounting
200 N. 7th Street
Terre Haute, IN 47809

Please note: Due to processing time required, it may take up to 5 business days for your request to go into effect. However, the average processing time is about 2 business days.

Special information for student refunds: If you expect to receive direct deposits for your student refunds, please be sure to indicate this when you sign up using the Direct Deposit Authorization Form. In some cases, you may still receive a paper check even after you have signed up for direct deposit. The University reserves the right to provide the refund in the form of a paper check when necessary. For security reasons, all e-mail notifications of student refund direct deposit payments will be sent to your official ISU e-mail address, regardless of the e-mail address on the form. This service is not available for Parent Plus loans

For questions about this service, e-mail accountspayable@indstate.edu.

See the image below for help finding your routing/transit code and account number. Do NOT include a check number or any spaces, dashes or special characters within the account number.

If you change accounts or banks after signing up, download and fill out a new form and return it to us with an indication that your information has changed or change it via the MyISU Portal using the directions above. If you wish to stop using the direct deposit service please let us know by e-mailing accountspayable@indstate.edu.

Contact

Office of the Controller
Indiana State University
200 North Seventh Street
Terre Haute, IN 47809-1902
812.237.3535
Fax: 812.237.8179