Lake Superior State University
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Section: Business and Support Operations Section Number: 3.19.9
Subject: Salaries and Wages: Payroll - Direct Deposit of Checks Date of Present Issue: 03/03/00
  Date of Previous Issues:
07/79, 07/80, 07/81, 07/87

POLICY:

All employees may request to have the net amount or a specified amount (either a dollar amount or a percentage) of their pay check deposited, on payday, in any financial institution.

PROCEDURE

WHO DOES WHAT
Employee 1. Completes direct deposit form available from the Payroll/Human Resources Office, and attaches a voided check or bank verification.

2. Advises financial institution of disposition of the deposit.

Payroll 3. Inputs direct deposit information into payroll system.
Human Resources 4. Provides employee with a direct deposit advice form each payday.

The first transaction is a pre-notification which verifies routing and account numbers through the Federal Reserve System. A paycheck will be produced during this pre-notification transaction, and direct deposit advice forms will be issued thereafter until the direct deposit option is terminated by the employee.

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