Direct Deposit
Direct Deposit allows the transfer of net pay into a checking or savings account at a financial organization through direct deposit/electronic funds transfer (DD/EFT). It is the employee’s pay after deductions, which is transmitted through DD/EFT to a financial organization. A net pay allotment is the direct deposit of net pay into a checking or savings account at a financial organization through DD/EFT.
Before beginning the following information in needed:
- Bank routing number.
- Employee’s account number.
- Type of account (savings or checking) into which the deposit will be made.
In This Section |
See Also |