“SIMPLE, SAFE, CONVENIENT, RELIABLE and EASY”
Direct Deposit is a safe, proven, confidential method of making a payment. Money is electronically transferred from Global CI’s account into an employee’s personal checking or savings account of their choice, without the need for paper checks. And you don’t have to change your present banking relationship to take advantage of this benefit.
Direct Deposit will help you in many ways.
- It saves you trips to your financial institution.
- It saves you time in depositing checks – no long payday lines to wait in.
- It eliminates the possibility of lost, stolen, or forged checks.
- Your money is depositing faster – reduces the possibility of overdrafts.
- You get your money deposited into your account even if you’re on vacation or away from the office on business or illness.
On payday you will receive an earnings statement showing gross salary, taxes, and other deductions, and net pay. Your money will already be in your account. The amount of the deposit will appear on your bank statement. All you need to do is complete a Direct Deposit Authorization form and return it to the Payroll Management department. Forms must be legible and include:
- ABA routing number and account number.
- Copy of voided check for checking accounts or blank deposit slip with ABA routing number and account number for savings accounts. If you are not sure, please have the form reviewed by your financial institution.
- Employees who wish to have the payment deposited into a savings account must verify the transit routing number (9-digit number) with the bank or credit union in which the money should be deposited. Deposit slips do not contain the transit routing number.
WARNING! Please STOP the direct deposit of your pay, BEFORE closing your bank account. There may be a fee assessed for returned funds on closed accounts. Currently, the Global CI Payroll Department offers the direct deposit of earnings into up to TWO financial accounts for Regular, full-time and part-time employees. This account can be either a savings or checking account at a bank, credit union or other financial institution, provided the institution participates in the NACHA network of electronic banking. Although most banks, credit unions or lenders participate in NACHA, some do not. Make sure your financial institution participates in NACHA before requesting the direct deposit of your earnings there.