Over the next few months, the Finance office will be introducing some efficiency initiatives to better serve the campus community and streamline operations.
The first of these is direct deposit for all faculty and staff reimbursements, which has the following advantages:
- No need to call/come to the Finance office to pick up a check.
- No need to make a deposit either; the money will be in your account.
- Reimbursements will be faster.
- You will receive an automated email when a payment has been processed.
- Payment will usually appear in your account the next banking day.
- There would be no lost/expired checks (also, no unclaimed funds to remit to the State).
- All costs associated with labor, check stock, printing, mailing etc. will be eliminated.
For those now receiving payroll direct deposit, we believe that we can transfer information into the reimbursement system. If payroll is directed to multiple accounts, we will select the “remaining balance” bank account designated in the payroll system, which can be changed if needed.
Please contact Jennifer Seely, Senior Accountant (jaseely@owu.edu), x3353 or Alesha Showman, Staff Accountant (aashowma@owu.edu), x3366 if you have any questions.
Thank you.
—
John Lahey
Interim Chief Financial Officer