OSU FIS 404: Arranging for Automated Clearing House (ACH) Payments

OSU employee reimbursements can now be deposited directly into the employee’s bank account via automatic clearing house processing.

1. Employees may sign up for Direct Deposit Online via OSU Online Services and selecting Personal Information, and View or Update Direct Deposit Authorization.  There are two sections – the top section is for Student Accounts/Employee Payables, and the bottom section is for Payroll.  No attachment is required for online setup.  Alternatively, employees may complete the Direct Deposit Authorization form (pdf format) and submit it to Accounts Payable with a voided check or deposit slip.  Reimbursements may be deposited to either your checking or savings account.
2. There is a required prenote process that verifies with the bank the employee-supplied banking information.  This process can take 2-3 weeks.  Payments will continue to be made by check until this process is complete.
3. Once the prenote is completed, payments will be direct deposited to the bank account.  The employee receives an email notification of the direct deposit when the transfer of funds is made.
4. The employee is responsible for keeping his/her email address and banking information current.  Submit a new Employee Reimbursement Direct Deposit Authorization form (mark change at the top) to update information.  This information cannot be updated by telephone.

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