Posted By: Anonymous
question about pay stubs - 01/17/08 09:14 PM
Our president in an effort to continue to cut expenses has now directd our HR to not reorder the check blanks that they currently use but rather to simply print our pay stubs on regular copy paper and issue those instead of pay stubs since our payroll is electronially deposited. Now we get what appears to be a check that is unsigned and then it is perforated with the YTD information on the bottom portion. Is it legal for them to use copy paper for our paystubs. I remember last year when I applied for a home loan the loan processor asked me for a pay stub and she specifially said it had to have a perforated edge in order for her to be able to use it. I am all for saving money buy it seems to me that what they are printing would appear no different than something anyone could print on the computer, that is why I assume the loan processor made the stipulation regarding the perforated edge to me last year. So my question is can they do this?
Posted By: #12
Re: question about pay stubs - 01/17/08 09:28 PM
I don't know the answer to your question, but we don't even get paystubs given to us anymore. If we want one, we have to go into the system to print it off ourselves.
Posted By: Bullseye
Re: question about pay stubs - 01/17/08 09:48 PM
Our paystubs are printed on standard copy paper.
Posted By: Anonymous
Re: question about pay stubs - 01/17/08 10:37 PM
My company does the same thing - If I want a printed copy, I print myself on copy paper.
Posted By: rlcarey
Re: question about pay stubs - 01/18/08 05:37 AM
"I remember last year when I applied for a home loan the loan processor asked me for a pay stub and she specifially said it had to have a perforated edge in order for her to be able to use it."
Your loan processor must be related to Fred Flintstone. I haven't seen a automatic deposit paystub like that in fifteen years.
Posted By: Walleye Woman
Re: question about pay stubs - 01/18/08 05:40 PM
Both mine and my husband's paystubs are copies. I have never seen a perforated paystub.
Posted By: BurntSienna
Re: question about pay stubs - 01/18/08 05:49 PM
Here, and at my last company, my automatic deposit pay stubs were on regular copy paper, no perforations. I wouldn't worry about it.
Posted By: RobinB
Re: question about pay stubs - 01/18/08 07:33 PM
"I remember last year when I applied for a home loan the loan processor asked me for a pay stub and she specifially said it had to have a perforated edge in order for her to be able to use it."
Your loan processor must be related to Fred Flintstone. I haven't seen a automatic deposit paystub like that in fifteen years.
I agree. Some of my customers even have to print out their own paystubs and present them for loan processing.
Posted By: Anonymous
Re: question about pay stubs - 01/18/08 08:53 PM
How much is your boss actually saving? Sounds like there are going to be a lot of questions and upset? employees; hardly worth what s/he might be saving.
Tell your bank to cut out one golf tournament per year, that will cover the money you're looking to save.
Posted By: Milby
Re: question about pay stubs - 01/22/08 06:10 PM
I used to get an electornic copy of my paystub only. I did not have an issue with getting my mortgage.
Current company gives the perforated one as well. It gets shredded without being opened as it is available online. Waste of paper and money.