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Setting up your direct deposit

Setting up your direct deposit in Workday allows you to receive payments directly into your bank account.

To set up direct deposit information, you will need a chequing or savings account at a Canadian financial institution or bank.

Learn more about direct deposit.

On this page

How to set up your direct deposit information

Go to your Finances App in Workday

  1. Log into your Workday account at myworkday.ubc.ca.
  2. Select “Student” in the navigation bar on the left.
  3. Select “Finances”.

Add your direct deposit information

  1. Select the “Direct Deposit (Payment Elections)” link in the “Banking Details” menu on the right.
  2. Click the “Add” button.
  3. A new pop-up window will appear. In the “Preferred Payment Method” section, make sure the following types of payments are set to “Direct Deposit”:
    • Student Refund: includes tuition credit refunds, award funding, and US loans.
    • Expenses: refers to expense reimbursements from UBC.
    • Regular: refers to payroll if you are a student staff.
  4. Complete the required fields indicated with a red asterisk mark (*):
    • Institution Number
    • Account Number
    • Transit Number

Note: If you have more than one bank account, you can choose to receive different payments in each. For example, you can receive your scholarship money in a bank account that’s different from where you receive your student employee paycheque.

5. Click “OK” to save your information.

Review your direct deposit information

After saving your direct deposit information, you will be returned to the “Payment Elections” page.

Your details will be listed in a table under “Payment Elections”. “Payment elections” refers to the types of payments you have selected to receive in your accounts.

How to edit your direct deposit information

  1. Follow the steps above to go to your Finances App.
  2. Select the “Direct Deposit (Payment Elections)” link in the “Banking Details” menu on the right.
  3. Under the “Accounts” table, use the buttons in the “Action” column to update your bank account information:
    • Remove: Remove a bank account from Workday. If you are removing a bank account from your direct deposit information, make sure you remove this account from all payment elections before deleting it.
      • Under the “Payment Elections” table, use the Edit button in the “Action” column to update a specific payment type, including the bank account a payment is deposited in.
    • View: View your bank account details.
    • Add: Add another bank account.

Additional resources

Other Finances tutorials