The Miami Report

News and Public Information Office
Glos Center
Miami University
Oxford, Ohio 45056
(513) 529-7592
(513) 529-1950 fax
newsinfo@miamioh.edu

Direct deposit of wages required for new employees

Starting July 1, direct deposit of wages will be required for all new Miami employees, including faculty and staff.

This change is designed to benefit the university and its employees, said Jenice Churchman, assistant director of financial affairs.

Current employees who do not yet have direct deposit are encouraged to join this program. However, those who choose not to do so will continue to receive payroll checks.

Direct deposit of biweekly or monthly pay has several benefits for employees. Pay is in an employee’s account and available for use on the pay date, even if the employee is away from work. It eliminates standing in line at a bank to deposit a paycheck, and there is no chance for a check to be lost or stolen.

There are also benefits for Miami. Direct deposit costs Miami less than issuing paper checks. Even greater costs are incurred when checks are lost or stolen, as a stop payment order must be placed on the old check and a new check issued.

When direct deposit was introduced at Miami, deposits could be directed only to banks in the Oxford area. This restriction has been removed, and it can now be used with any bank in the United States.

For more information, employees should contact the payroll office at
9-6223.

Date Published: 06/17/1999
Volume: 18   Number: 38

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