What is the advantage of having Direct Deposit as opposed to getting a check?
- Direct deposits are guaranteed to be in your account on payday (Wednesdays).
- They go directly into the bank and eliminate the chance of a check getting lost or stolen.
- Many banks waive (checking) account fees for accounts with direct deposit.
Is Direct Deposit available for my first pay check?
- No. Direct Deposit takes one to two pay periods to be effective. Until that time you will receive a paper check, which will be mailed directly to the address you write on your the W-4.
Where do I find the Bank [Routing] Number and Account number?
Do I need to attach a Voided Check?
- No.
- Central Payroll Bureau (CPB) does not require a voided check from you. Just clearly and accurately write you bank (Routing/Transit Number) and Account Number from one of your checks. Don’t use the numbers off a deposit slip.
How do I change my Direct Deposit?
- You may submit a new Direct Deposit form indicating the necessary changes.
- Once you have been on direct deposit and are signed up for POSC, you may change your account on the POSC screens.
- Remember that actual checks are issued and mailed to your address on file whenever you change your direct deposit.
If I change banks or accounts, can I close out my old account right away?
- No
- You should always wait to make sure the new direct deposit takes effect in the new account before closing the old account.
- Failure to do so could result in your check being returned to Central Payroll.
- Larger mergers between banks generally do not require revised direct deposit forms. The two banks coordinate internally, but if in doubt ….ask your bank.
**When you change banks or account numbers, a paper check will be issued until the new account is verified through Central Payroll. So it is very important keep your address up to date.