Direct Deposit Instructions

1. If you are completing this form online, click in each box and type in the required information as outlined below.  When finished, print the completed form and then sign and date on the lines provided at the bottom of the form.  An original signature is required on each form submitted.  You may also print the blank form and complete by hand.  Please print legibly if you are completing this form by hand.

2. Check the appropriate box at the top of the form, indicating whether you are an employee of Drexel University or Drexel University College of Medicine.

3. Enter your name and your University ID number on the lines provided.

4. Each of the four sets of blocks on the form represents a different bank account.  Employees may elect to have their paycheck deposited in up to four different accounts.  However, the full amount of your paycheck must be deposited between the four accounts. You cannot receive a check and a direct deposit on the same payday.  Since some employees’ net pay varies from pay period to pay period, it is not always possible to specify a deposit amount that will ensure a full deposit.  Therefore, the bank account listed in the first set of blocks on the form will be used to deposit your remaining net pay after all other partial deposits have been made.  If you are only signing up for deposit into one account, you must use this section to identify that account.  The remaining three sets of blocks allow you to specify a dollar amount (not a percentage) that you would like to have deposited to that account.

5. For each account, enter your bank’s transit number.  The transit number is usually the first nine digits on the lower left-hand corner of your check.  Occasionally, a bank will specify a different series of numbers to use for direct deposit (ACH) transactions.  These are listed under the bank’s name and address on your checks.  If so, please use these numbers instead.  If you are depositing into a savings account, please contact your bank for their transit number.  The numbers on your deposit slips may not be correct for direct deposit purposes.

6. Enter the name and phone number of your bank in the next box.  It may be necessary for Payroll to contact your bank if there are questions concerning the proper set up of your direct deposit.

7. Enter your bank account number in the box provided.  These are usually the next series of numbers at the bottom of the check, after the transit numbers.  The last few digits on the right at the bottom of the check are the check number.  They are identical to the check number printed on the top right corner of the check.  Be careful not to include them as part of your account number on the form.

8. In the next block, you may specify a dollar amount to be deposited into this account.  As noted above, the net amount of your check will be deposited into the first account listed, so you may only specify partial amounts on the last three accounts.

9. Check the box in the next section indicating whether the numbers listed are for a Savings or a Checking account.

10. For each account listed, please indicate whether you are starting a new deposit, changing the amount of the partial deposit, or stopping your existing direct deposit.  Attach a copy of a check, or other verification from your bank for each account listed.  Deposit slips are not acceptable verification.

11. Provide your daytime telephone number at the bottom of the form, sign, date and return to the address indicated.

Note:

All new direct deposits are subject to verification and usually take two full pay periods to become active.  You will continue to receive paper pay checks until your direct deposit becomes active.  You should always verify the available balance in your bank account before authorizing any payments or withdrawals.