As announced in the January 2022 edition of the General Ledger Newsletter, JPMorgan Chase has been selected as the University’s new operating bank. In the coming months, we will be transitioning our banking processes to JPMorgan. Please see below for an update about how this change will impact physical paycheck distribution.
Employees Who Receive Physical Paychecks - Please be aware that starting with the July 20 paycheck for biweekly paid employees, and the July 2022 paycheck for monthly paid employees, physical paychecks will be sent directly to your home address on file in HR Self Service, and will not be available for in-person pick-up at your department. Faculty and staff should ensure that their home address is updated and accurate in HR Self Service, by visiting www.princeton.edu/selfservice, and clicking Personal Details, then Addresses. Physical paychecks will be mailed no later than one day prior to the pay date.
We encourage you to consider enrolling in direct deposit for your paycheck. A change to direct deposit would deliver your biweekly or monthly payment directly to your bank account(s). To enroll in direct deposit, please visit HR Self Service, www.princeton.edu/selfservice, and select the Payroll tile, then Direct Deposit. You can also contact the Financial Service Center at firstname.lastname@example.org or 609-258-3080.
Employees Enrolled in Direct Deposit - Your direct deposit will not be impacted by this change. Payroll deposits will continue to be delivered directly to your bank account(s), and no action is required on your part.
We also remind you to be aware of scammers! Be vigilant with your personal information. Please know that no representative from any banking institution will contact you directly to request any banking or payroll information, including login credentials or bank account numbers. If you are contacted by someone claiming to be a bank, and asking for your banking information, please notify the Financial Service Center immediately at 609-258-3080 or email@example.com.