Academic Faculty Use of Direct Deposit Form to Distribute Pay
Academic year faculty have the option of establishing direct deposit to multiple accounts as a tool to help allocate salary for the months in which they aren’t paid. This is the responsibility of each individual employee to analyze their individual budget and determine what direct deposit allocation works best for them. An example of this would be 25% into a savings account for the summer, and 75% into a checking account for current spending. The payroll office can answer questions related to completing direct deposit, but we do not offer financial advising. Employees may work with their banking institution and financial advisors for individual unique circumstances.