York Bursary question?

Hi,

I am due to start at UoY next week, and I am just wanting to ask a question regarding the York Bursary. My household income is below £35,000, which makes me eligible for the bursary, but I will be living at home. The website says that if I am not living in university accommodation, the bursary money will be paid into my bank account; the web link I have followed states that I need to submit my bank account details to the university. Is all of this information correct?

Thanks