NOTE: This section has been revised to reflect Key Bank’s policies concerning the cashing of NYS payroll checks.
Key Bank will provide check cashing services to State employees free of charge (regardless of whether they have an account at Key Bank or not) at all branches throughout New York State on payday. During a check cashing transaction, the teller will require two forms of identification: a primary identification such as a NY Drivers License, Passport, NY DMV ID, or Sheriff’s ID; and a secondary identification such as a NYS Employee ID.
The current State policy regarding when paychecks may be presented for payment remains the same; that is, Wednesday for Administrative payrolls and Thursday for Institution payrolls. Consistent with this policy, the Division of the Treasury advises agencies that paychecks “are not to be cashed until the day dated.”
Direct deposit is a safe, reliable and cost-effective alternative to receiving a payroll check. Agencies should encourage employees to participate in direct deposit by promoting its many benefits, including: ease-of-use, improved confidentiality and security, and timely access to funds.