Direct payroll deposit service is available to all EPA and SPA (staff) employees of the University. This service enables the University to deposit automatically a participating employee's net pay to either a checking or savings account (not both). Such deposits are available in the participant's checking or savings account as of the opening of bank business (9:00 a.m.) on each established University payday.
In lieu of a paycheck, on payday each participant receives a direct payroll deposit statement indicating the net pay which has been deposited. This statement is similar to a paycheck showing the same information that a check stub provides.
Upon submission of the completed Direct Payroll Deposit Authorization to the Payroll Department, the following time frame must be allowed before direct payroll deposit will be started:
Direct Payroll Deposit Authorizations received by the first working day of the month will be in effect on the 15th of the month; and those received by the 16th will take effect on the last working day of the month.
Changes (such as a change in bank accounts) are requested with a Direct Payroll Deposit Authorization, containing the new information.
Direct Payroll Deposit may be canceled by submitting a Direct Payroll Deposit Authorization form indicating cancellation. The cancellation will be effective on the next Payroll processed after receipt of the form.