Can an employer allow direct deposit to only one bank? and World Bank/IMF 2009 Annual Meetings Development Committee

Can an employer allow direct deposit to only one bank?

I work for a mid-size bank, but do my primary banking at a credit union. Our CEO recently alerted all employees that starting 10 / 1 that they will only do direct deposit to our own bank. If you do not change your direct deposit you will be mailed a paper check.

Can an employer (a bank) limit where you can send your direct deposit?


bank best answer:

Answer by Huntsman
I've heard worse. Yes they can limit what bank you use.
Some companies will only let you put it in their debit card
And you have to pay to get cash out of it at an ATM

bank

World Bank/IMF 2009 Annual Meetings Development Committee


Image by World Bank Photo Collection
October 5 2009. World Bank/IMF Annual Meetings. Istanbul, Turkey. Development Committee(DC) meeting. At the table DC Chair, Minister Agustin Carstens; World Bank President Robert Zoeelick; IMF Managing Director Dominique Strauss-Kahn. Photo: Simone D. McCourtie / World Bank

Photo ID: 100509-DC130a World Bank

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