Expense Report Reimbursements/Payments FAQs
Why should I sign up for direct deposit of my expense reimbursements?
Direct deposit is a more secure method of payment. Direct deposit also allows for quicker access to your money.
How do I sign up for direct deposit for my expense reimbursements?
Please complete the Authorization for Employee Expense Reimbursement Direct Deposit form and submit to Accounts Payable.
Why is direct deposit more secure?
Checks can get lost in the mail and they may not be able to tracked or traced. Direct deposit transactions have an electronic trail that can be traced by the sender's bank.
Why is direct deposit faster?
Funds are transfered directly from CMU's bank account to the recipient's bank account. Funds are typically available upon deposit and deposits typically reach the recipient's bank within two to five buisness days after the payment is sent. The employee does not need to wait for the check to arrive in the mail or need to make a trip to the bank to deposit the check. Additionally, there is no time to wait for the check to clear.
I have already signed up for direct deposit through Workday. Shouldn't this information apply to my expense report as well?
No. Payroll and Accounts Payable utilized separate forms, process, and systems which are unique to each specialized area. Bank information must be provided separately to each department utilizing the appropriate form. In addition, if you change your bank information, you must complete new forms for both Payroll and Accounts Payable in order for each department to update their respective system.
If I sign up for direct deposit, how will I know when funds are received and what those funds are for?
As long as the Accounts Payable department has a current and valid email address on file, you will receive an email notification at the time payment is initiated, which inclues the details of each transaction.
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