|
Have You Signed Up For Direct Deposit?
|
|
|
|
Have You Signed Up For Direct Deposit?
|
|
|
You may have heard about a new service being offered on campus called Direct Deposit (aka the Electronic Funds Transfer Program or EFT). This new service enables UC Davis faculty and staff to have expense reimbursements deposited directly into their bank accounts. Students can use the program to receive direct deposit payments for financial aid or other money the University owes them. Debuted early in Winter quarter, there are now more than 2000 people using the system. What's New?
Up until just a few weeks ago, when faculty and staff were owed reimbursements for travel or other expenses, they had only one option: fill out a departmental reimbursement form, submit the receipts to their administrative staff, obtain proper signatures, and several days later make a trip to the bank to deposit their reimbursement checks. Now, with the direct deposit service in place, we still have that option and we still need to submit the form and receipts to the administrative staff, but we can also save ourselves much precious time and what often amounts to an inconvenient trek to the bank. By signing up for the new service, we indicate that all our reimbursement checks should be deposited directly into our bank account.Students who opt to use the service no longer have to wait in long lines for checks. Further, they can see the list of deposits made to their account via EFT for the year or perhaps even longer. Launching the New Service
In January, 2000, Tony Flores, former Associate Vice Chancellor of Finance, identified the need for an EFT program and initiated the project. Working with Lana Moffitt, director, IET-Information Resources, Flores pulled together a project team of eight programmers -- three from IET and five from DaFIS -- and two project managers from IET. The service was launched as a pilot in winter 2001 and is now open to all faculty, students, and staff. Programmers, led by Mark Youngs (DaFIS), spent 2,700 hours completing the project.With the new Associate Vice Chancellor of Finance, Michael Allred, at the helm, the project team is conducting feasibility studies of additional enhancements which could ease workflow for administrative users and campus affiliates such as students, faculty, staff, and vendors. 1,200 Students Already Enrolled
"Currently, this program is most popular with students, with more than 1200 already enrolled," says Ray Reveles, project manager. "Students like the program because they can use it to collect their financial aid, something they usually have to wait in long lines to collect every quarter -- especially in the Fall." How Do I Enroll?
Signing up for the service is easy. Go to the Direct Deposit Web site. There you will receive step-by-step instructions.Before you begin, be sure to have the following information close at hand:
For help or more information
Faculty and staff: email the project team at eft-info@ucdavis.edu.Students: email Student Accounting at stdtaccts@ucdavis.edu. |
|
|
