Common use of Direct Transfer of Funds Clause in Contracts

Direct Transfer of Funds. The District agrees to make available direct deposit of payroll to designated local commercial banks and savings and loan associations. A list of all sources of pay and payroll deductions shall be provided to those teachers who authorize direct transfer of funds.

Direct Transfer of Funds. The District agrees to make available direct deposit of payroll to designated local commercial banks and savings and loan associations. A list of all sources of pay and payroll deductions shall be provided to those teachers licensed staff who authorize direct transfer of funds.