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Paycard Introduction Moving Away from Paper Paychecks

Paycard Introduction Moving Away from Paper Paychecks. New Hires – effective November 15, 2016 Existing Employees – effective January 1, 2017. Direct Deposit or Paycard. Direct deposit or payroll cards (also known as prepaid debit cards) are only options for receiving pay.

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Paycard Introduction Moving Away from Paper Paychecks

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  1. Paycard IntroductionMoving Away from Paper Paychecks New Hires – effective November 15, 2016 Existing Employees – effective January 1, 2017

  2. Direct Deposit or Paycard • Direct deposit or payroll cards (also known as prepaid debit cards) are only options for receiving pay. • Employees submit their direct deposit information through ESTHER. Fin Aid Workshop 2009

  3. Paycard Introduction • If no direct deposit information is provided, employee will be assigned a payroll card. • Funds available immediately on payday. • - Cash at ATM • - Teller cash withdrawals • - Cash back when purchases are made • No more waiting for paychecks to arrive by U.S. mail. Fin Aid Workshop 2009

  4. Paycard Perks • Make purchases in stores, over the phone, or online – anywhere VISA is accepted. • Pay bills online by using 16-digit card number and expiration date. • Mobile banking app is available – quick access to account balance, transaction history, ATM locator, enroll/manage text alerts. Fin Aid Workshop 2009

  5. Paycard Perks • Text and Email Alerts – receive notifications for low balance, deposits, purchase alerts. • Fraud protection – VISA Zero Liability Policy protects against unauthorized purchases. Card replacement alerts available as well. • Cash back rewards – the more you use your card, the more offers you receive. Fin Aid Workshop 2009

  6. Paychecks to Paycards • Existing Employees • Automated paycheck emails • Check inserts • Meet one-on-one with staff • Last Paycheck 12/30/16 Fin Aid Workshop 2009

  7. Paychecks to Paycards • New Hires • Faculty/staff have within 10 days of hire to submit direct deposit information • Students will provide direct deposit information or receive a paycard when completing I-9 with Payroll • Grads on fellowship – first pay will be paycard (if no direct deposit information is provided) Fin Aid Workshop 2009

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