Federal Banking regulations require that the university notify an employee before reversing direct deposit funds from their bank account.
To reverse a direct deposit complete the Payment Election Reversal Form and submit it to Payroll Services within 5 business days of payday.
See Also
Difference Between a Refund and a Reversal Transaction 2023Why Hasn't My Direct Deposit Gone Through Yet?Can companies reverse a wire transfer? - TrustpairWhat is a payment reversal (and ways to avoid them)The form includes three options available when reversing a direct deposit.
- Option 1: Reverse the direct deposit and issue a replacement check immediately. If this option is selected you will also need to submit a manual check request form with the direct deposit reversal form.
- Option 2: Reverse the direct deposit and issue a replacement check after receiving confirmation from the university’s bank is received. It may take 3 – 5 banking days to receive confirmation from the bank. If this option is selected you will also need to complete a manual check request form with the direct deposit reversal form.
- Option 3: Reverse the direct deposit and do not issue a replacement check.
Got Questions?
Contact Payroll Services
payroll@wustl.edu
(314) 935-9835
Email Payroll Services
