Direct Bank Deposit

For each pay period, we produce a computer file containing a record for each participating faculty and staff member. The record identifies your net deposit amount, your financial institution and account number.

We deliver this computer tape to our financial institution which, in turn, enters it into the Automated Clearing House (ACH) system. There the deposits are sorted and electronically forwarded to your financial institution for credit directly to your account on payday.
Link to the information page or form below:

Direct Bank Deposit Sign-up Instructions
Direct Deposit FAQs
Direct Bank Deposit Authorization Form

New Employees and anyone picking up a paper check: An email is sent directly to you telling you to pick up your paycheck at your campus payroll office. The paycheck may be picked up by either the employee or departmental Fiscal Officer. Anyone picking up a paycheck must present a picture ID. Employees also need to bring banking information to sign up for direct deposit.

Indiana University automatically issues paycards to employees who have not signed up for direct deposit after their second paycheck. This affects both current employees who have not enrolled in direct deposit and new hires. All faculty and staff who have not enrolled in direct deposit no longer receive a paper paycheck mailed to their homes. Instead, they will have the choice of enrolling in direct deposit or receiving a Visa paycard.

The paycard will be issued and held in the campus payroll office to be picked up by either the employee or departmental Fiscal Officer. Be prepared to present a picture ID. The paycard can be used at any ATM to withdraw cash or at any vendor who accepts PIN based transactions. Employees can also withdraw all their funds at any US bank that accepts Visa. Those employees who do have bank accounts can transfer funds from the debit card directly to their bank account online. You can learn more about the paycard at http://www.rapid-paycard.com/cardholders.asp .

To Stop Direct Bank Deposit:

There may be situations where a direct bank deposit needs to be stopped. The Stop Pending Direct Deposit Transaction form (below) must be filled out and received by your Payroll department as soon as you are aware of the situation. Payroll can then request a stop or a reversal on a DD record if it is at least 2 business days prior to the check date. If you do not submit new direct deposit information, you will be issued a paycard prior to your next pay day.

The Stop Direct Deposit Terminology link below explains when a STOP, REVERSE or RECLAIM can occur for a Direct Deposit (DD) on an IU Paycheck.

Stop Pending Direct Deposit Transaction
Stop Payment and Reissue of Paycheck
Stop Direct Deposit Terminology