DIRECT DEPOSIT - WHAT IS IT?

Direct deposit is an easy, reliable way to get your net pay into your bank account without your having to endorse a check, take the chance of losing your check or standing in lines at the bank to deposit your check. Direct deposit is a simple method of using the Automated Clearing House (ACH) system of numbers to identify each banking institution in the country and electronically moving your net pay amount from Winthrop's account into your account at your bank, wherever that bank may be.

The process is tried and true. Almost 70% of Winthrop employees now enjoy the benefits of direct deposit. What are these benefits, you ask? Well, let' s present the pros and cons.

PROS

• You never have to handle a check.

• You never have to worry about having the check lost or stolen.

• You never have to endorse a check or prepare a deposit slip.

• You never have to rush to get to the bank on your lunch hour.

• You never have to stand in long lines at the bank to make the deposit.

• You never have to worry about making an error on the deposit slip.

• You never have to worry about the daily time cutoff for transactions.

• You never have to worry about crossing the bank parking lot with cash in hand.

• Your money is in your account before you even wake up on pay day.

• If you are away from the office - sick leave or on vacation - your money is in your account.

• If you are a part-time employee and your department now mails your check to you or gives you the check when you come into work, under direct deposit, you will be paid on time, every time.

• It is so easy to enroll and begin enjoying these benefits!

  CONS

• There aren't any!

All employees - full-time, temporary, and students are eligible to participate.

To enroll, simply call Ms. Ann Rayfield on x6343 or at  rayfielda@winthrop.edu  and ask for a direct deposit form or click Direct Deposit Form. Complete the form and return it to Ms. Rayfield along with a voided check or a deposit slip. This is required for us to get the right bank ACH numbers. You will receive one more paycheck after submitting the form but from the second pay day on, your pay will be automatically deposited for you. We will provide you with an Earnings Statement each pay day that will detail your gross pay, deductions and net pay, which would be the amount we deposit for you.