Employee EFT

Employee reimbursements through travel or ePro requisitions can be directly deposited into your bank account by means of an electronic funds transfer. Electing to receive payments by EFT provides several benefits:

  • It eliminates both the time needed to mail your payment to you and the risk of sending checks through the U. S. Postal Service.
  • Travelers must produce photo identification in order to pick up travel checks. Receiving payments by EFT eliminates the inconvenience of fitting a trip to pick up your check into your daily schedule.
  • Receiving payments by EFT eliminates the inconvenience of having to schedule time to deposit a physical check into your bank.
  • Because reimbursement EFT uses a different system than Payroll, you may elect to receive payments to a different bank account than the one set up for your monthly paycheck.

To receive reimbursement payments by EFT, complete the EFT Agreement Form.

UNT, UNT Dallas, and UNT System Administration:

  • Deliver the completed form to the University Services Building, 2310 N I35, Denton TX 76205 or by email to entity.vendor@unt.edu.
  • Implementation of your EFT request requires electronic confirmation of your banking information, which may take a week or more. Therefore EFT applications should be submitted as early as possible in order to process your next payment as an EFT.
  • Once established, all future payments from Travel and eProcurement will be made by EFT. Once you elect to be paid by EFT.
  • In order to cancel your EFT service you must complete another EFT Agreement Form. The cancelation option is located at the bottom of the form.
  • If you choose to close the bank account you’ve designated for EFT payments, you must cancel your EFT service to the old financial institution using the EFT Agreement Form (Failure to do so can result in the holding of your funds by your former banking institution.) Then, to establish EFT payments to your new banking institution, you must complete another EFT Agreement Form. NOTE: A change in banking information will require electronic confirmation your new banking information, which may take a week or more. Therefore changes in banking information should be submitted as early as possible in order to process your next payment as an EFT to your new banking institution.
  • With each EFT payment you receive an e-mail will be sent to an address you specify on the EFT Agreement Form noting the amount and the purpose of the payment. (Make sure to adjust the junk mail/”spam” settings for your e-mail account in order to ensure receipt of those e-mails.) You will not receive a hard copy version of this information.

UNT Health Science Center:

Electronic Funds Transfer is not currently available for employee reimbursements, but it is coming soon.