Enrolment Deposits – How, When, & Why

Posted by Megan on June 5, 2014

Journey to the Centre of York

It’s getting close to the time when we will start having to pay our enrolment deposit for the Fall. Today I’m going to cover the How, When, & Why to save you some stress! 🙂

How

Paying an enrolment deposit is pretty easy! Just like tuition, you pay your enrolment deposit by sending $300 to York University to your student account – which is the same as your student number. You basically have 3 options:

1) Pay online! This is easiest method. Log into your online banking account. Go to your bills section. Find where it says ‘Add Payee’. Add ‘York University’ as a payee. Where it specifies account number, enter your student number. Click ‘Pay Bill’. Enter $300 for your deposit, and submit. Just keep in mind that etransfers do take some time to process so if you deposit is due on June 15th, you should try to send it for June 13th – perhaps earlier because the weekend doesn’t count as business days. Generally the rule of thumb has been to allow 3-4 days to process.

2) Pay at your bank! For some people, this is the easiest option. Just go to any branch of your bank and tell them you want to make a payment to York University. When they ask for the account number, again, you just provide your student number. And that’s it! I believe this method will go through faster than paying online so keep that in mind 🙂

3) Pay through Western Union! This is the primary option for International students. York has written up a great step by step guide on how to use Western Union which I hope you will find helpful. If you live in a location where Western Union is not available, you can also email wiretran@yorku.ca for further options.

When

When you need to pay your enrolment deposit depends entirely on when you first started enrolling in courses. Below you will see the useful chart York created for deadlines.

If you enrol for fall or full-year courses: You must pay your deposit no later than:
before June 1* June 15
June 1 – June 30 July 15
July 1 – July 31 August 15
August 1 or later 10 days after you enrol in your first course
If you enrol for winter term courses: You must pay your deposit no later than:
September 1 – September 30 October 15
October 1 – October 31 November 15
November 1 – November 30 December 10
December 1 or later 10 days after you enrol in your first course
If you enrol for summer term courses: You must pay your deposit no later than:
March 1 – March 31 April 10
April 1 – April 30 May 10
May 1 or later 10 days after you enrol in your first course

Now – it’s important to keep in mind that coming up with the money for your deposit is your responsibility. You will always have to pay 1 deposit for Fall/Winter combined, and 1 deposit for the entire Summer if you opt for summer school. Because of this, it’s really important to plan ahead. That being said, life does happen and if you run into a situation where you can’t meet your deadline you can always try calling York’s Financial Services at 416 872 9675. Sometimes they can give you a week or two extension to pay your deposit which can be really helpful.

Why

I often hear students asking why they even need to pay an enrolment deposit and wonder about what will happen if they don’t.

The most important aspect of the enrolment deposit is that it reserves your place in the courses you enrolled in. This is why it is so important to pay by your deadline, because you risk being de-enrolled from your courses. This deposit also comes off your total tuition so if your tuition costs $6500 for F/W, once your deposit is paid you only owe $6200. Also some students aren’t de-enrolled right away but please don’t use that as an excuse to pay your deposit whenever you want – once your course fills up with people, you will be the first person booted if you don’t have your deposit paid. Just do it 🙂

If you have any questions, comments, or concerns about enrolment deposits, leave me a comment below!

-M

Megan
Megan

Megan is a third-year Psychology student. Follow her on her journey of self-development as she explores and ventures through campus.

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