May 11, 2014

Paycards: Just the facts

As the University of Colorado moves to replace paper paychecks with paycards on July 1, there are a few major facts to know:

Fact 1: Paycards will only be sent to employees who currently are mailed paper paychecks.

Fact 2: If you have direct deposit, nothing will change. Your pay will continue to be deposited into your bank account.

Fact 3: If you don’t want a paycard, sign up for direct deposit. Just fill out this form and mail it to Employee Services.

Fact 4: If you’ll be getting a paycard soon, you can find out how paycards work, see any related fees, and find bank and ATM locations and more on the paycard Web page.