Payroll Department
Payroll Department
DIRECT DEPOSIT
What is Direct Deposit?
Direct Deposit is the electronic transferring of monies into an
employee's designated checking or savings account at a financial
institution.
Why use Direct Deposit?
Direct Deposit is SAFE & RELIABLE Having your paycheck directly deposited into your checking or savings account eliminates the possibility that your paycheck could be lost, stolen or damaged. It is also the most CONFIDENTIAL way to get your money into your account. With direct deposit you will receive a pay stub showing your gross and net pay, details of your deductions, and the date of deposit to your bank account.
Direct Deposit is CONVENIENT Going on vacation?
Too many errands to run-not enough hours in the day? Inclement
weather keeping you inside? With direct deposit, your paycheck
will be in your bank ON PAYDAY! No special trips to the bank and
your money is there even when you're out of town!
Who Can Have Direct Deposit?
Direct Deposit is available to all full-time faculty and staff and part-time wage employees.
What are my options?
Employees have some options as to the allocation of their pay. These options are:
Deposit net pay into a checking account
Deposit net pay into a savings account
Deposit a fixed amount into a checking account and deposit the
remaining net into a savings account
Deposit a fixed amount into a savings account and deposit the
remaining net into a checking account
How Do I Enroll?
Enrolling is easy. Simply obtain the Direct Deposit authorization form from the Payroll Office or click on the link above. Complete, sign and date the form and attach a copy of a voided check or deposit slip-then send it to us. Be sure you read the information on the bottom of the form regarding processing time.
If you need more information regarding Direct Deposit, please
call us at (434) 395-2087. We're always available to help!
Return to
Accounting and Financial Reporting
09/02/2008
