DL-R1

DIRECT PAYROLL DEPOSIT

          The School Board provides a benefit for contracted employees paid monthly to have payroll amounts automatically deposited to the employee’s checking or savings account through direct payroll deposit. The direct deposit must go to a financial institution (bank or credit union) in the Federal Reserve System. The employee is required to complete an authorization form (see form DL-E1) that provides the account and routing information for the deposit.

          All contracted employees will be required to use direct deposit for payment of monthly payroll. To assure that direct deposits are credited to the employee’s account in a timely manner, the direct payroll deposit shall be transmitted two (2) banking days prior to the scheduled pay date.

          New employees shall be allowed 30 days after employment to enroll in direct deposit and/or to set up a checking or savings account. The first month for the direct deposit will be a trial run, and the employee will receive a check. After the direct deposit account is verified, the employee will receive a monthly pay slip showing the payroll transaction and the amount of the direct deposit.

          Exceptions to the use of direct deposit will be limited and will be considered on a case-by-case basis. Requests based on convenience or dislike of direct deposit will not be approved. The employee must submit a written request to the Superintendent that states the reason that direct deposit cannot be used.

Approved by the Superintendent:  December 18, 2003

Superintendent’s Signature: _______________________________