Payroll Office
Direct Deposit
Indiana State University Direct Deposit Policy
Effective July 1, 2000,
all newly hired employees are required to authorize electronic direct deposit of
their pay except for work study students who are exempted by federal work study
regulations. All other employees are
encouraged to take advantage of the benefits of direct deposit. Employees are asked to provide a voided
check or deposit slip to verify account information. Please be sure to notify
the Payroll Office promptly and provide a new authorization when changing
financial institutions or account numbers. Use the following link to download
the Direct Deposit Authorization Form.
Direct Deposit Authorization Form
What is Direct Deposit?
Direct Deposit is a safe and secure way to have your pay
deposited directly into your checking or savings account. Indiana State University will electronically transfer your
pay into your account. So instead of taking the time to deposit a check
yourself, the money will automatically be deposited into your account on pay
day.
Why Use Direct Deposit?
Direct deposit offers many advantages over checks,
including:
Security: With direct deposit, you don't have to worry
about lost, stolen or misplaced checks.
Reliability: You no longer need to wait for your
department to pick up and issue your checks. You can have peace of mind
knowing your money will always be in your account on time, and in some cases,
available sooner than with a check.
Flexibility: If you decide to switch accounts or change
financial institutions, it's easy to change your direct deposit
arrangements. You simply need to complete a new Direct Deposit
Authorization Form and return it to the ISU Payroll Office.
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