How does the ACH (Automated Clearing House) know where to send my money?
When you enroll, you complete an Authorization Agreement for Direct Deposit form. You will be providing all information required to enroll in direct deposit and to let Payroll and your bank know of your election to use direct deposit of pay. A bank transit number and your savings or checking account number are required information on the agreement form. They can be found on the bottom of your check or deposit ticket. This number identifies your financial institution for ACH and identifies your account number for use by your bank. What happens if I change banks?Voluntary change: A change in bank is an example of a voluntary change – one that you make. A bank change does affect your original enrollment and will require completion of a new Authorization Agreement for Direct Deposit. The form should be submitted to Payroll immediately so the new information can be used for future direct deposit transmittals. Involuntary change: Another kind of change requiring a new Authorization Agreement
