<p>I just ask this b/c it's in the myBerkeleyApplication checklist and I don't know if I absolutely need to sign up for EFT.</p>
<p>Thanks!</p>
<p>Not required, but a very good idea. If you don't sign up for it, it just means you need to pick up any refunds from CARS in person at Billing.</p>
<p>is there a deadline by which one must sign up for it or can you do it anytime during the 4 years?</p>
<p>um if you didnt apply for any financial aid/scholarships would you still need EFT? would there be refunds...</p>
<p>flutterfly_28</p>
<p>Without finaid or loans, having a refund would mean that you overpaid. Assuming you don't, not sure why you would ever use EFT.</p>
<p>On the other hand, it doesn't cost you anything. If you already have an account, setting it up only takes a couple of minutes.</p>
<p>^^ EFT is still useful if you ever win some of Berkeley's random merit-based scholarships</p>
<p>Totally random one was the Kraft Freshman Award. If you get a 4.0 1st semester you automatically win $100-$300.</p>
<p>There's no deadline in terms of "must do it by X day or you forfeit the right to do it at all," as you're free to sign up (or not sign up, or take yourself off the list for a time and then re-sign up) at any time during your stay at Cal.</p>
<p>However, it takes about 7 business days to process your information, so if you're anticipating a refund, you're better off doing it earlier rather than later. Once they've cut the check, I believe, they will not post it to EFT and you must pick that check up.</p>