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Employee Check Cashing Policy
The privilege of check cashing is a service offered to University faculty and
staff in accordance with the following policies:
- A valid University ID is required to cash all checks
- Personal checks from employees written to the University for cash-
$100.00 per day limit
- University of St Thomas employee payroll/credit union checks cashed-
(Dollar limit subject to available cash on hand)
- University of St Thomas reimbursement/cash advance checks cashed-
(Dollar limit subject to available cash on hand)
- No third party checks will be cashed
Employee Returned/Dishonored Check Policy
Returned/dishonored checks are taken seriously
at the University. According to
Minnesota Statutes 609.535 and 332.50
writing a returned or dishonored check is a misdemeanor. Therefore, the
University will address returned/dishonored checks in accordance with the
following procedures:
- A $30.00 charge will be added for each
returned/dishonored check
- Returned/dishonored check(s) to be
replaced within 30 days of date on returned check letter via payroll
deduction, cash, or money order
- If returned/dishonored check not replaced
within 30 days of the date on returned check letter; the balance will be
turned over to a third-party collection agency and reported to a credit
bureau
- Refer to Minnesota Statutes 609.535
Issuance of Dishonored Checks and Minnesota statutes 332.50 Worthless
Check Collections; excerpts of which address acts constituting a
misdemeanor
One returned/dishonored check;
- A letter will be sent to the employee
notifying them of the returned/dishonored check
Two or more returned /dishonored checks;
- A
letter will be sent to the employee notifying them of the
returned/dishonored check. A copy of the letter will also be sent to:
Public Safety
Human Resources to be included in the employee's personnel file
- Check cashing privileges will be suspended
- Policy violations will be addressed in accordance with the University's
Discipline
and Corrective Action policy
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