PayCard program begins August 1

Paper checks are expensive, less secure and less environmentally friendly than electronic payment systems, which have the additional benefit of immediate delivery. For these reasons and more MSU has been working on a university-wide payroll debit card program for employees that still receive paper checks. There will be no change for those already signed up for direct deposit.creditcard

Beginning August 1, 2015, employees that receive paper checks will choose between receiving payment through PayCard or direct deposit. Either of these payment options can be requested through Employee Self Service in EBS. After a request for the PayCard, MSUFCU will contact the employee for further information, instructions and the out-of-office delivery of the PayCard. These employees will continue to receive paper checks until a PayCard account has been set up and processed through Payroll, which can take 2-3 weeks.

After August 1, new employees will not have the option of paper checks.

The PayCard program works similarly to direct deposit, except money is deposited onto a single card instead of in a bank. This card is a VISA debit card – it can be used as payment at stores and can withdraw money from ATMs. There is no fee for starting the PayCard account or withdrawing from an MSUFCU or other CO-OP ATM.

MSU Payroll will communicate with all employees currently receiving paper checks and will support them in their transition to either direct deposit or the PayCard.  This process will occur over the course of a few months in order to best serve transitioning employees.

The most recommended form of payment is direct deposit, which is the most secure.

More specific information related to the PayCard is available from the MSU Payroll Office website. Questions or concerns can be directed to the MSU Payroll Office at 517-355-5010 or via email at payroll@msu.edu.

Leave a Reply

Your email address will not be published. Required fields are marked *