Florida International University requires that all current employees receive salary payments from the university by direct deposit. Direct deposit is a free service that automatically deposits your paycheck into an account at the financial institution of your choice. The financial institution that you choose must be located in the United States and accept Automated Clearing House transactions. Direct deposit will significantly reduce paycheck processing costs incurred by the university. Direct deposit is a secure, convenient and fast alternative to traditional checks. Direct deposit eliminates the risk of lost or stolen checks and saves you from waiting in lines at the bank. In addition, many banks offer free or low-cost accounts when you use direct deposit.
- It’s fast. Your money is available earlier because you don’t have to wait for your paycheck to clear.
- It’s safe. Unlike a paper check it will never be lost, stolen or misplaced.
- It’s convenient. You don’t need to go to the Payroll Office to get your check or make a trip to your financial institution to deposit it.
- It’s reliable. Your money will be in the account you specify, even if you’re on vacation or out sick.
- It’s free. There is no charge for this service and your financial institution may even offer incentives such as free checking when you participate in direct deposit.
- It’s easy. Complete the request on-line via the Employee Self Service Portal
Direct Deposit Quick Reference Guide
To make a direct deposit change:
- Login to Panthersoft HR Employee Self Service
- Navigate to: Human Resources Self Service > Employee Self Service > Payroll Tile > Direct Deposit Tile
- Answer the Security Check Questions and click ‘Submit’
- On the following Direct Deposit screen you may review, edit, delete or add your direct deposit information
- Select “Edit” to review and update banking information
- Select “Delete” to remove a bank account
- Select “Add Account” to enter new banking information
- You must have one account with “Deposit Type” designated as Balance
- If you are adding a new account:
- In the “Your Bank Information” section, enter your 9 digit Routing Number.
Note: For reference you can select the “View Check Example” hyperlink for specific information needed to complete the request. - In the Distribution Instructions section complete all of the following information:
- Your Checking and/or Savings Bank Account number
- Select Account Type from the drop down menu
- Enter Deposit Type (remember that one account must be designated as your balance type)
- Enter desired Amount or Percentage (only needed for deposit types amount or percent as selected above)
- Enter Deposit Order (This is the order in which your check will be distributed. Example: 1= first account processed)
- Click Submit to process your new banking information
- Click “OK” on the next screen confirming the successful submission of your information
- In the “Your Bank Information” section, enter your 9 digit Routing Number.
Please note that any changes to your direct deposit information may take up to one full pay period to complete the pre-notification process. Once your bank validates the information you have provided, the direct deposit change will take effect on the next available pay cycle.
The payroll department will notify you via email of any errors discovered during this process.