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Direct Deposit

Benefits of Direct Deposit

  • Eliminates special trips to the bank.
  • Eliminates the preparation of deposit slips.
  • No waiting in line at the bank.
  • Bank teller doesn't know amount of your pay.
  • Pay is deposited whether employee is out sick, on vacation, or traveling on business.
  • No delays in receiving checks due to department delivery procedures.
  • No worrying about a lost or stolen check.
  • Direct Deposit amount clearly identified on monthly bank statement.
  • May direct deposit into financial institution of your choice.
  • May deposit into two different accounts in same financial institution. OR
  • May deposit into two different financial institutions.
  • Eliminates transferring money between financial institutions.
  • Encourages savings.

Please feel free to contact Jennifer McCoy at jennifer.mccoy@utah.edu or at 581-3636.