Policies

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; and
• Assurance that payments will be automatically deposited while on vacation, sick leave or out of town.

Benefits to the University include:

Provides guidelines, based on the Internal Revenue Code, and IRS regulations and directives, for determining whether a student’s service in the employ of the University qualifies for an exemption from the Federal Insurance Contributions Act (FICA) taxes imposed on wages. This policy is intended to inform University employees and others about relevant tax issues; it does not constitute legal or tax advice. The University Office of Payroll Services is prohibited from giving University employees legal or tax advice.