Set up an eRefund Account

This task must be completed through the student's login. Only one refund account may exist at a time. eRefunds are not available for Parent Plus Loans that are not released to the student.

1. Login to My Illinois State
2. Select the Finance tab from the top navigation bar.
3. Scroll down to the Student Accounts section and click "eRefunds (Direct Deposit)".
4. Select "Electronic Refunds" from the menu on the right.
5. You must enroll in the Two-Step Verification to add the eRefund.  Click on the Security Settings link and follow the next several steps that show on the screen (Once the passcode is verified, click on the  Payment Profile  tab to complete set up).
6. If you have a saved payment method, that bank account will be an available option for a refund account. Either select an existing account, or select "Set Up a New Account", then click continue.
7. If setting up a new account, fill out the required information then click continue. Please verify with your financial institution that you have every digit of the account number, including zeros.
8. Review the entered information before clicking the checkbox next to "I Agree". Click continue.
9. It will take 7-10 business days for the account to be verified by the bank. Once verified, all refund checks will be issued via direct deposit.

 

Update or Remove an eRefund Account

1. Login to My Illinois State
2. Select the Finance tab from the top navigation bar.
3. Scroll down to the Student Accounts section and click "eRefunds (Direct Deposit)".
4. Select "Electronic Refunds" from the menu on the right.
5. You must enroll in the Two-Step Verification to add the eRefund.  Click on the Security Settings link and follow the next several steps that show on the screen (Once the passcode is verified, click on the  Payment Profile  tab to complete set up).
6. Click the Settings Icon to the right of your current refund method and choose "Update" or "Remove".
7. If a refund account is updated, it will take 7-10 business days for the account to be verified by the bank. Once verified, all refund checks will be issued to the new eRefund account.