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Direct deposit from the schools?
RefPay hasn't really caught on in these parts yet. (Right now, one school uses it.) I just got an email from our assignor saying that one school is going to direct deposit for all payments.
I'm not sure this is the way to go. Providing our account information is one source -- be it RefPay or whatever else -- is fine, but to multiple schools? I sense a paperwork snowball coming. Anyone else out there do direct deposits with the schools?
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Confidence is a vehicle, not a destination. |
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If you're mainly concerned about the amount of paperwork you'll have to fill out... yeah, that's going to be rather unavoidable. Perhaps you can print up some stickers or labels with your account information on them that you could just attach to the individual schools forms.
If you're concerned about some nefarious employee stealing your bank account information, I'd suggest setting up a separate free starter checking account for the direct deposits, and transferring the payments out of there as soon as they're deposited.... perhaps even at a separate bank from your normal bank if you're ultra-concerned. |
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Not if everyone goes to RefPay or another similar service. I hear it work so well elsewhere; I'd just like to see it here.
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Confidence is a vehicle, not a destination. |
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