What is direct deposit?
Direct deposit is the electronic transfer of your pay to
your checking or savings account at the financial institution (bank, credit
union, or savings and loan) of your choice or to a U.S. Bank Focus® Card. You can deposit fixed dollar
amounts to up to eight accounts (including the Focus Card) and your entire
net pay to your account or a Focus Card.
Over 80% of state employees currently use direct deposit.
The advantages of direct deposit
- It saves time by giving you easy access to your
pay without waiting in line to cash or deposit a check.
- You will receive your pay on payday, even if
you are away from the office. Banks are required to credit your account by
the beginning of the workday on payday.
The funds are available to you immediately.
- If you deposit your pay directly into an
account, the financial institution may reduce or eliminate service charges.
- Direct deposits are not lost, destroyed, or
stolen like paper checks or cash.
- The state saves money when employees use direct deposit or
the Focus Card. We pay less for
printing pay stubs and banking direct deposits than we do for paper
US Bank Focus Cards
State employees have the opportunity to deposit all
or a portion of their pay directly to an electronic payment card: The U.S. Bank Focus Card. You do not need a bank account to have your
pay deposited to a card. It’s not a
credit card, so no credit check or approval is necessary!
Each pay period, the payroll application (OSPA) initiates
an electronic funds transfer to deposit your pay to your card. No more waiting in line to get your check
cashed or paying expensive check-cashing fees. Over a million businesses
worldwide accept the Focus MasterCards.
Need cash? You’ll receive unlimited free cash withdrawals
at U.S. Bank/Money Pass ATM's. You can also receive cash back with your purchase from many merchants,
like supermarkets, without a fee.
Already have direct deposit to a bank account? No problem. You can still choose to load a portion of your pay to an Focus Card. It’s a great way to keep cash for
holidays, vacations, birthdays, and day-to-day expenses separate from the rest
of your money.
Start enjoying electronic payments today! Fill out and print the Pay Card Authorization
Turn it in to your agency’s
main Payroll Office. Once your card
arrives in the mail, simply call the number on the back of your card to
activate it. The next payday after you
receive your card, you’ll have immediate access to your funds on payday.