Direct deposit allows your paycheck to be automatically deposited to your checking or savings account. If you want to cash the check at TD Bank and you do not have an account, the bank will charge $7 to do so. Choosing direct deposit is safer and more convenient than receiving checks because:
- You have instant access to your money on payday, no matter where you are
- You do not have to be at work on the payday to be paid
- It eliminates the danger of losing a paycheck and having to pay a $35 stop payment/reissue fee
- The convenience of not rushing to the bank and waiting in line every payday
To sign up for direct deposit, bring a canceled/voided check or a copy of a check to the Business Office. If a canceled/voided check is not available, the direct deposit application will take a cycle before the direct deposit will occur.
Note: You must notify the Payroll Office of any changes in account number or before you close a direct deposit account. Failure to do so may result in delays in receiving your pay.