Everything You Need to Know About Direct (Automatic) Payroll Deposit
Direct deposit is a benefit that is available to anyone (administrators, faculty, support staff, and students) that works for Rider University, including those in an off campus position.
By completing a Direct Deposit Authorization Agreement form, you can have your paycheck deposited directly and immediately into your account(s). You can have the deposit split between four accounts, savings, checking, or any combination you choose. You only need to complete this form once. The direct deposit will stay in effect as long as you are employed on campus. The only time you will need to complete a new form is if you change bank accounts. Some additional benefits are:
- No need to rush to the bank before it closes. No more forms to fill out. No more waiting in line at the bank.
- The bank does not need to be local. We can send the deposit to any bank, anywhere.
- Pay is immediately available on payday. It’s there, ready to be used, right away.
- You don't need to be at work, or on campus, on payday in order to receive your pay.
- Your pay is protected. Direct deposit can not be lost or stolen, and there is no need to request a replacement check because your check was lost in the mail, torn or damaged.
- You still receive a pay stub with the same information as your current paycheck.
Please fill out a Direct Deposit Authorization Agreement form and take it to Disbursements. If you are having the money sent to a checking account, please include a voided check, if available. The first payroll after we receive the form we will run a test with the bank to verify that we have all the accurate account information for the deposit and you will still receive a paycheck. Provided that the test is successful, the next payroll check will be direct deposited.
Never assume that Disbursements has received and processed your time sheets. Always make sure that you receive a stub indicating the amount deposited into your account before you access the funds. Some banks allow you to check your balance either on-line or at an ATM machine.