Sign Up for Direct Deposit Today! It's Fast. It's Simple. It's Secure.
How it Works?
When you enroll in Caltech's Direct Deposit Program, you will receive your payments through Electronic Funds Transfer (EFT). Once an invoice is approved for payment, the funds will be electronically deposited to your designated account within 3 business days. An email with detailed remittance advice is then sent to the email address you've provided for your records at the time of sign up.
Why Choose Direct Deposit?
- It's faster and safer than mailing checks
- No more waiting for the Postal Service
- No more lost checks in the mail
- Money is deposited directly into your bank account
- Funds immediately available for use
- Better cash management and forecasting