Why should I use direct deposit?
- Direct Deposit provides you with the convenience of having your paycheck electronically deposited directly into your bank account so that your paycheck is available immediately on payday.
- Direct Deposit is paperless - you receive an email notification that your pay has processed and that your pay stub information is available to review through Banweb prior to the deposit on payday.
When do I need to sign up?
Now. Banweb allows you to enter your bank account information until 5 or 6 days prior to the current month pay day. If entered beyond that, your information will be in place for the following pay cycle.
How do I sign up for direct deposit?
To sign up for Direct Deposit:
- Go to Banweb and enter your information securely online. Simply log in, select Employee Services, click on Pay Information and then on Direct Deposit Allocation.
- There are three bold headings on the Direct Deposit Allocation page.
- The first is Pay Distribution as of (last paid date). This section will show your most recent payment and the date of that payment.
- The second is Proposed Pay Distribution. This section is where you will enter your information.
- Just below the heading is the (+) Add New button. Open the pull-down menus for Account Type, Amount and Priority, to the see options for each.
- Select an Account Type; select an Amount (only one account may be set to ‘Remaining’); and select a Priority (the account set to ‘Remaining’ must be the last priority).
- The third heading on the page, Reimbursements, Student Refunds, etc., would be where you enter your information for payments from the University other than payroll, if any. You may enter only one account in this section.
How do I make changes to my direct deposit?
To change your Direct Deposit information:
- Go to Banweb and update your information securely online. Simply log in, select Employee Services, click on Pay Information and then on Direct Deposit Allocation.
- You will see the Direct Deposit Allocation page with the three bold headings.
- The first is Pay Distribution as of (last paid date). This section will show your most recent payment and the date of that payment.
- The second is Proposed Pay Distribution. This section is where you will make your changes.
- Just below the heading is the (+) Add New button. To activate the (-) Delete button, select the check-box to the left of your bank’s name.
- Select an Account Type; select an Amount (only one account may be set to ‘Remaining’); and select a Priority (the account set to ‘Remaining’ must be the last priority) for each account you set up.
- The third heading on the page, Reimbursements, Student Refunds, etc., would be where you change your information for payments from the University other than payroll, if any. You may enter only one account in this section.
What happens if my bank returns my direct deposit?
Bank Return: If a bank returns funds to PSU, employees will have a 3-business-day window to update their banking details. If the issue is not resolved, a paper check will be generated. It's important to note that we won't be able to re-deposit a payment if a paper check has been issued.