Policy on Direct Deposit

Policy Number: 404

Human Resources

The permanent link for this policy is: https://policies.northeastern.edu/policy404/

I. Purpose and Scope

 

Direct deposit has benefits for faculty, staff, students, and the university. It is a safe, cost-effective, and efficient method for payment that provides the most timely way for individuals to receive and access their earnings while eliminating the risk of lost or misplaced checks. This policy establishes the university’s expectations regarding direct deposit. It applies to anyone who receives payment through university payroll. 

II. Definitions

 

N/A

III. Policy

 

Anyone in Massachusetts will receive payment by direct deposit into a bank account of their choosing. Although participation in direct deposit for anyone outside of Massachusetts is not required, the university strongly encourages enrollment in direct deposit. Anyone outside of Massachusetts who voluntarily chooses direct deposit may un-enroll at any time. The university will not issue any charges for direct deposit.

IV. Additional Information

 

Direct deposit allocations may be viewed and changed through the secure MyNortheastern portal. Those who elect to receive earnings through direct deposit will also receive authorized and approved travel and other reimbursements by direct deposit.

    V. Contact Information

     

    HR Service Center: 250 Columbus Place; 617-373-2230.

    Responsible Office/Department(s)

    Human Resources

    Related Policies

    N/A

    Related Procedures

    N/A

    Supersedes

    N/A

    Keywords

    Direct Deposit; Paycheck

    Version History

    Last Revision Date: December 21, 2020

    Issued: April 2, 2014