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WALL COMMUNITY COLLEGEMandatory Direct Deposit of Wages Policy Number: 4650 I. Policy Background/Purpose: Due to the passing of HE 2585 in 2012, the legislature allows Institutions of Higher Education
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Mandatory direct deposit is the requirement for employers to deposit employee paychecks directly into their bank accounts.
Employers are required to file mandatory direct deposit for their employees.
To fill out mandatory direct deposit, employers must submit the necessary information and payment electronically to the employees' bank accounts.
The purpose of mandatory direct deposit is to streamline the payroll process and ensure timely payment to employees.
Employers must report the employee's name, bank account number, routing number, and the amount to be deposited.
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