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Answered 2011-01-25 19:11:55

just inform them of your account number and bank name and branch ask for direct deposit

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Your employer should have their records electronically stored. The 401K is usually with a separate company anyhow. You will need to find out who sponsors your 401k and their contact information. Your employer will have access to this.


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as soon as you have all the W2 forms from each employer you had for 2008 you can do it. the sooner the better.


In general, you will sign up for Direct Deposit from your employer.


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As long as your employer will allow it. If you were over/underpaid, how would your employer recall the direct deposit if the account is not in your name? Would you want to risk not having access to your money? Is this depositing money to over child support or something like that?


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Your employer must know which bank, and which account number at that bank, is intended to receive that paycheck. Normally this is done by giving the employer a void cheque, which contains that information. Beyond that, the computers take care of it, much like any other form of data transmission.


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Payroll dates are company/location specific. Hardly any will hand out paychecks on a Saturday as banks are not usually open for depositing/cashing. If your employer offers direct deposit that would be the best way to have your pay done.


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A check is valid when it is dated. If your boss dates a check for next week, and deposits it today, regardless of the date, it can be cashed upon demand. Depending on your location, if he then stops payment, he may have to show just cause and make reparation. The burden is on him.


Mypay is a service provided to military service members that allows them to get paid and see their financial services online. The government, who is the employer, finances the transaction.