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Finance and Administration

Direct Deposit Program

Who is eligible for direct deposit?

All Pace University employees are eligible to sign up for direct deposit. If you do not have a bank account we would remind you that the BankMobile Vibe Account can be used as a checking account through BankMobile Disbursements, making access to your net pay as simple as visiting any Allpoint Network ATM machine or thousands of others in the area.

To sign up for direct deposit, please follow the instructions at the bottom of this page.


Academic Federal Credit Union

You can also elect the option of direct deposit from the Academic Federal Credit Union.

The Academic Federal Credit Union is affiliated with Pace University since 1976. Staff members, their spouse and children are eligible to join.

Please contact the Academic Credit Union at (914) 923-3608.


Change of Account Information for Direct Deposit

After a change of account information for direct deposit, the interim paycheck will either be mailed to your permanent address or send to your department.

If you need further assistance locating your check during this transition please contact the Payroll department for further assistance at (914) 923-2898.


The Benefits of Direct Deposit

The benefits of Direct Deposit are many and varied, but for starters, they include the following:

Direct Deposit is simple.

  • Once you have signed up for Direct Deposit, you don't have to go to the bank to deposit checks.
  • Your money is automatically deposited into your account on time, every time - and you don't have to be at work - or even in town!

Direct Deposit is safe.

  • Direct Deposit payments never get lost.
  • Direct Deposit is confidential. Money is transferred electronically and passes through fewer hands than a check.
  • Problems with Direct Deposit, which are rare, are quickly resolved.
  • A high percentage of identity theft starts with someone seeing your personal financial information on a paper check, billing statement, or bank account statement. Once electronic payments are set up, the money travels electronically, greatly reducing the number of people who see your personal information.

Direct Deposit is smart.

  • Direct Deposit gives you access to your money earlier than check deposits. There is no waiting for checks to clear.
  • Direct Deposit puts you in charge of your money. Financial planners recommend Direct Deposit as one step towards gaining control of your finances.
  • Direct Deposit is a smart way to help the environment – it reduces use of paper and also saves fuel and CO2 omissions by reducing trips to the bank to deposit checks.

Direct Deposit is free.

  • There is no fee to enroll.

Direct Deposit is Easy.

With 6 Simple Steps you can sign-up for direct deposit... Signing up for Direct Deposit using employee Self-Service via the Pace Portal. Log in to Pace portal.

  • Select > Faculty or Staff
  • Click > Employee Information and Pay Advice
  • Select > Employee Information and Pay Advice
  • > Self Service Update for Direct Deposit

Please see instructions on how to add direct deposit information.

Enter:

  1. Bank Rounting number
  2. Account number
  3. Account type
  4. Percent or Amount allocation
  5. Select > Payroll Deposit
  6. Click > Save

Note:

  • All new records will have a status of pre-note to be verified with the bank, and will take effect the next available pay period. Please note that the pre-note process may take 1-2 pay periods before any changes take effect.
  • In the interim checks will be mailed to your (PR) home address on file.

If you have any questions, please email the Payroll Department or call at (914)-923-2898.