Direct Deposit of Payroll Payments

Direct deposit benefits both the employee and the University. Benefits to the employee include:No lost or stolen checks;No unclaimed or un-cashed checks;Elimination of long payroll and banking lines and wasted time cashing checks; andAssurance that payments will be automatically deposited while on vacation, sick leave or out of town.Benefits to the University include:Reduced processing time and requirements for check reconciliation;Elimination of forged, stolen or lost checks;Reduced operating costs;Improved productivity; andEnhanced cash management by increasing predictability of cash flows.