“SIMPLE, SAFE, CONVENIENT, RELIABLE and EASY”
Direct Deposit is a safe, proven, confidential method of making a payment. Money is electronically transferred from Temple’s account into an employee’s personal checking or savings account of their choice, without the need for paper checks. And you don’t have to change your present banking relationship to take advantage of this benefit.
Direct Deposit will help you in many ways.
- It saves you trips to your financial institution.
- It saves you time in depositing checks – no long payday lines to wait in.
- It eliminates the possibility of lost, stolen, or forged checks.
- Your money is depositing faster – reduces the possibility of overdrafts.
- You get your money deposited into your account even if you’re on vacation or away from the office on business or illness.
Effective January 1, 2006, all newly hired employees are paid via direct deposit into a bank account at the financial institution of their choice.
On payday your earnings statement will be available in Self-Service Banner (SSB) through TUportal showing gross salary, taxes, and other deductions, and net pay. Your money will already be in your account. The amount of the deposit will appear on your bank statement.
All you need to do is complete a Direct Deposit Authorization form online through the SSB website. You will need the following:
- ABA routing number and account number.
Please allow up to 2 pay cycles for direct deposit to begin. The start date will be displayed on SSB once validation of the bank routing and account numbers have been verified by the financial institution by sending a prenote transaction to them.
WARNING! Please STOP the direct deposit of your pay, BEFORE closing your bank account. There may be a fee assessed for returned funds on closed accounts.
Currently, the Temple University Payroll Department offers the direct deposit of earnings into up to FIVE financial accounts for Regular, full-time and part-time employees.
Work Study and Student workers may direct deposit earnings into ONE financial account.
Enrollment in Direct Deposit can be done at the time of hire through VIAM, through Self-Service, or by submitting an enrollment form to Payroll Management.
This account can be either a savings or checking account at a bank, credit union or other financial institution, provided the institution participates in the NACHA network of electronic banking. Although most banks, credit unions or lenders participate in NACHA, some do not. Make sure your financial institution participates in NACHA before requesting the direct deposit of your earnings there.