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Is Is Safe To Give The Financial Aid Office My Bank Account Information To Make A Direct Deposit?

By pay online Posted in: pay online

Hi,
I am a full-time college student. I’ve been getting financial aid for the last two years but it wasn’t until recently I discovered that my college Financial Aid office offers a direct deposit service that, instead of sending me checks, they automatically deposit the amount of my financial aid checks into my bank account.
Now, as much as I love the idea, I’m afraid that someone at the Financial Aid office might use my bank account information to make purchases online and pay bills since the office is asking for a voided check which clearly shows my bank account and routing number…
Is my fear justified, or should I just go ahead and sign up for that service?

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  1. Gerardo L Says

    You should sign up. Your only signing up for them to deposit your checks directly. If anything else appears on your bank statement, that’s a lawsuit. They can’t take out money or anything else because the school can cause you to overdraft your account.

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