PROCEDURES FOR RECEIVING FINANCIAL AID REFUNDS

All students receiving a financial aid refund need to set up direct deposit via our eRefund system. You must use your personal checking or savings account.

PLEASE NOTE: Before entering your direct deposit information, be sure to verify with your bank or credit union the routing number and account number you should enter for ACH transactions. Be aware that not all accounts allow ACH transactions. DO NOT enter the account number from your debit/bank card. The number printed on your card is not a valid bank account number.

To access the eRefund system, you must do the following:

1. Access your RaiderNet account via www.mtsu.edu
2. Select "Personal Information" and click on "What's my MTSU ID Number (a.k.a. M#)
3. Write down the last four digits of your "M" number to use below
4. Select the "Student" tab.
5. Select "Student Account"
6. Select "Set Up Direct Deposit"
7. At this point, you will enter the eRefund system then click "Continue"
8. Under "Refunds," select "Payment Profile"
9. Click the drop down box under "Add a Payment Method" and choose bank account (checking or savings)
10. Complete the required information and be sure to check the "Refund Option" box and "SAVE"
11. Read the authorization agreement and enter the last 4 digits of your MTSU ID number (aka "M" number) and click "I agree"
12. Your account will take up to 4 business days to prenote and will then be ready to receive your refund beginning the first day of the semester.

For more information about direct deposit options for financial refunds, go to Frequently Asked Questions.

Note: The University needs four (4) business days to set up this authorization, and two (2) business days for EFT after funds become available.