Direct deposit is a service offered by the University providing
employees with the convenience of having their paycheck deposited
directly into a checking or savings account of their choice. The funds
are transferred electronically from the University's bank into the
employee's bank account on the regular payday.
Your net pay will be available to you, through your bank account
each payday (whether you are on vacation, out of the office on business
or ill), and you will continue to receive a complete earnings statement
each payday, which will indicate the amount transferred to your
designated bank account.
With direct deposit you won't have to worry about your paycheck
being lost, stolen or misplaced. Its a convenient way to insure your
money is safely in your account and available to you on
payday.
Prerequisites:
You must be an active employee of the University.
Process:
If you wish to take advantage of this service, authorizations for
direct deposit are available in the Human Resources Office. For
checking account direct deposit you will have to furnish a blank,
voided check from the checking account into which the paycheck is to be
deposited. For savings account deposits, a statement from the bank
showing the account number and bank transit number is needed.
After Human Resources has received the authorization, we
will perform a test of the electronic deposit to your account. In the
event this test is not successful for any reason, you will be notified.
If successful you may expect the next paycheck to be deposited into the
designated account. Related Documents:
Direct Deposit Payroll Authorization Form
Authorize Payroll Department to automatically deposit your net pay into your savings and/or checking account.
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