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Payroll Direct Deposit Program
For
your convenience, Caltech employees are eligible to
participate in the Payroll Direct Deposit program. Employees
who have a savings or checking account with almost any bank or
financial institution in the United States are eligible to
participate.
If
you choose to participate in the direct deposit program, your
net pay will automatically be credited to your personal
checking and/or savings account each payday. You will receive
an earnings statement in lieu of a paycheck, which reflects
the same information that is shown on the paycheck
"stub."
You
may send your direct deposit to more than one banking
institution. If you desire, your net check can be split
between checking and saving accounts. Please complete and sign
separate authorization agreements for each banking account
that you wish to have your net check deposited.
To
have your net pay deposited directly to your accounts, please
follow the steps below:
- Complete
and sign the authorization agreement for each
electronic fund transfer (EFT)
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- Validate
Bank Routing number with your banking institution
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- Submit
a voided blank check and the completed agreement
to the Records Services office
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Automatic
deposits should begin with the next pay period after your
request has been processed.
Any
changes of banking institutions or account numbers requires
the completion of a new request and submitting the request to
the Records Services Department, 1200 East California Blvd.,
Mail Code 154-84, Pasadena, CA 91125 prior to the end of the
pay period.
Please
note: When changing bank accounts, please keep your old
account open until your check has been electronically
deposited.
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