Direct deposit is safe, confidential, efficient—and required—for all current MIT employees and students who will be receiving disbursements from the Institute.

Set up bank account(s)

To receive your MIT pay, you must open a bank account within the United States at a financial institution that accepts Automated Clearing House (ACH) transactions. If you do not currently have a bank account, you may find that the MIT Federal Credit Union is a convenient option. The account and direct deposit services are fee-free for MIT employees and students.

Provide bank routing number(s)

You will need your bank Routing Transit Number (RTN) and checking or savings account number to set up your direct deposit. If you have a checking account, the first nine digits at the bottom left corner of your checks typically are the RTN.

Your account number is also on the bottom of your check, but you may find it easier to locate it on your bank statement. If you have a savings account or you are having trouble identifying your RTN, you should contact your bank directly to confirm these numbers.

Once you have your account and RTN numbers, go to Atlas, select “About Me,” and click on the “Direct Deposit Preferences” link under “Money Matters.” Next, select “Set Up Your Account” and follow the on-screen instructions. You also have the option of using a paper form to set up your direct deposit account(s).

Note that although you will have the option of designating up to two deposit accounts to receive your pay, you can use only one of those accounts at a time for expense reimbursements (travel expenses, for example). 

Update account information

You can update your direct deposit bank information—including adding a second deposit account—at any time on Atlas using a computer on which you have an MIT Certificate. You also can update your information using the paper form.

Access funds

With direct deposit, you can access your pay earlier than in the days of paper checks. Typically, your bank will credit your account on payday, and most banks will give you access to your salary payment on payday morning.

The Details

Set up bank account(s)

To receive your MIT pay, you must open a bank account within the United States at a financial institution that accepts Automated Clearing House (ACH) transactions. If you do not currently have a bank account, you may find that the MIT Federal Credit Union is a convenient option. The account and direct deposit services are fee-free for MIT employees and students.

Provide bank routing number(s)

You will need your bank Routing Transit Number (RTN) and checking or savings account number to set up your direct deposit. If you have a checking account, the first nine digits at the bottom left corner of your checks typically are the RTN.

Your account number is also on the bottom of your check, but you may find it easier to locate it on your bank statement. If you have a savings account or you are having trouble identifying your RTN, you should contact your bank directly to confirm these numbers.

Once you have your account and RTN numbers, go to Atlas, select “About Me,” and click on the “Direct Deposit Preferences” link under “Money Matters.” Next, select “Set Up Your Account” and follow the on-screen instructions. You also have the option of using a paper form to set up your direct deposit account(s).

Note that although you will have the option of designating up to two deposit accounts to receive your pay, you can use only one of those accounts at a time for expense reimbursements (travel expenses, for example). 

Update account information

You can update your direct deposit bank information—including adding a second deposit account—at any time on Atlas using a computer on which you have an MIT Certificate. You also can update your information using the paper form.

Access funds

With direct deposit, you can access your pay earlier than in the days of paper checks. Typically, your bank will credit your account on payday, and most banks will give you access to your salary payment on payday morning.

Did You Know?

You can customize your direct deposit preferences online to add an additional account.
Research and teaching assistant stipends are considered earned income and are subject to income tax withholding requirements.
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