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Financial State of the District
Departments:
Direct Deposit of Payroll Required after August 1, 2003
Direct deposit of pay has been steadily increasing in the District and now almost three-quarters of the District payroll is being deposited electronically. In order to reduce the administrative burden caused by the exception processing of the remaining checks, direct deposit of pay will be required of all employees after August 1, 2003 unless the employee is not eligible to have a bank account. In cases of extreme hardship, an exception may be requested in writing from the Denver Public Schools Disbursing Manager.
The DPS direct deposit program has been very successful in large part to the support it has received from local banks and savings institutions. Wells Fargo, UMB Bank and the DPS Credit Union all offer free checking and waiver of maintenance fees for DPS employees who sign up for direct deposit of pay. Of course, employees may have their pay deposited to any bank they choose.
DPS employees currently enrolled in direct deposit enjoy peace of mind knowing their pay will be in their account on payday and avoid worries about mail delays, address changes and paydays falling on school holidays or the very day you happen to be out of town.
Direct deposit forms will be available through each school/department office with the April/May payrolls. These forms may also be obtained by going to the Disbursing Office web page on the DPS website and downloading the forms under "Direct Deposit is mandatory?" Completed forms should be returned to the Disbursing Office.
Comment or questions about this new policy should be directed to Jack Warren at 720-423-3720 in the Disbursing Office.