Direct Deposit FAQs
Direct deposit delivers your Yale University paycheck into your bank, financial institution, or credit union’s account quickly and safely. Yale University’s bank will send an electronic message to your bank, financial institution or credit union crediting your account with the exact amount of your Yale University Payroll payment. You can deposit your net pay into you checking or savings account in any national bank, credit union or financial institution that is a participating member of the National Automated Clearing House Association (NACHA).
Direct deposit is a confidential way to send and receive payments. Although Yale University does have a limited ability to reverse direct deposit payments made in error, on average, fewer people see your account information with direct deposits than with checks.
You must notify the Employee Service Center at (203) 432-5552 immediately with any changes to your direct deposit. If you fail to notify the Employee Service Center when you change account numbers or close an account, all funds already submitted to the bank will not be available to you until such funds are returned to Yale University from the bank.
The Payroll Department transmits direct deposits to our Automated Clearing House for disbursement to banks at least two days prior to each pay date. Your direct deposit should be posted by end of business on your pay date. If not, please contact your bank directly. Please note:Weekly direct deposits may post on the Friday after the pay date.
Yes. All employees and students that receive payments through the Payroll Department can elect to have their payments direct deposited to their bank accounts.