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If you participate in Unreimbursed Medical, Dependent Care and/or Premium Reimbursement and have a valid email address, you may be offered direct deposit of all reimbursements. Please check with your employer to see if your plan offers this option.
PROCEDURES FOR DIRECT DEPOSIT
If your plan offers this option, you must first complete a Direct Deposit authorization form. This form must be turned into your Human Resource office. Your HR office will retain the original and forward a copy to us. Once the information is received by SABC and entered into our system, all future request(s) will be reimbursed by direct deposit.
Direct Deposit is only available for checking accounts and you must have a valid email account to sign up for direct deposit.
REQUEST
Request received in our office by 12:00 noon will be scheduled for deposit in your account the next business day as defined by the Federal Reserve. Scheduled, means that the information will be sent through the banking system and will normally post to your account the next business day. You will receive an email confirmation of the transaction, as well as, account balance information. It is your responsibility to:
* Check your account to ensure that the reimbursement was properly credited
* Notify SABC of any email and/or account changes by completing a new authorization
form
* Employees that submit changes must verify the change was received and implemented
before the next transaction
Should you have any questions, please contact SABC or your Human Resource office.
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