Policy Regarding Direct Deposits

    06.20.2017 NON-POSING NON-DISTRIBUTED

    Policy Regarding Direct Deposit


    This policy memorandum clarifies a long-standing policy on direct deposits. Effective immediately all employees are eligible for direct deposit, notwithstanding the following procedural requirements:

    An employee who chooses to be paid with direct deposit must fill out the appropriate form and submit it to their management level supervisor. The supervisor will forward the form to Accounting and copy Human Resources.

    If an employee’s employment terminates or is otherwise suspended for any period of time longer than 24 hours, the employee’s management level supervisor must immediately notify Accounting of the termination and copy Human Resources.

    Accounting will immediately notify payroll and remove the direct deposit settings for the employee in question.

    As per usual, the supervising manager is required to recover all company owned items prior to distributing the final check to the employee in question.
    Managing supervisors who fail to follow this procedure and fail to recover company owned materials prior to the issuance of the final paycheck, will become responsible for the loss.
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