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EIU Office of Internal Auditing

#130 - Electronic Funds Transfer Payroll Program

Approved: March 26, 1997

Monitor: Vice President for Business Affairs

All persons newly employed or re-employed by Eastern Illinois University on or after July 1, 1997, shall enroll in the electronic funds transfer (EFT) payroll program, with the exception of students. Enrolled employees shall not revoke participation after July 1, 1997, but may change accounts or banking facilities.

Persons employed prior to July 1, 1997, will be encouraged to participate in the EFT payroll program, but enrollment shall not be required. It is the University's goal to reach 100 percent employee enrollment by July 1, 1999, at which time mandatory participation will be considered.

It shall be the employee's responsibility to notify the Payroll Office when changing accounts or banking facilities. Four to six weeks are required to establish or change EFT service. A paper payroll check will be available in the Cashier's Office during the period required to establish a EFT payroll service for an individual's account.

The University reserves the right to deny EFT payroll service participation in unusual circumstances, in accordance with State of Illinois regulations.

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