['Compensation']

['Compensation', 'Payroll']

11/11/2025

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REGSENSE
Topic Search
Compensation - Compensation
State Info

State Info

Direct deposit provisions - New Mexico

RegSense State Info New Mexico Compensation Payroll Compensation Best Results HR Management English Focus Area Human Resources

State law in New Mexico allows for direct deposit and other methods of electronic payment, but employees must give authorization in writing.

For state employees, payment via direct deposit is the default, although the Department of Finance and Administration (DFA) must allow exemptions. Upon hire, state employees must submit either a declination form or a direct deposit authorization form.

Related information

Compensation ezExplanation
Payroll ezExplanation
Fair Labor Standards Act (FLSA) ezExplanation

Citations

N.M.S.A. Sec. 50-4-2
N.M.S.A. Sec. 10-7-2
2.20.7.9 NMAC
15 USC 1693 et seq. — Electronic Funds Transfer Act (EFTA)
12 CFR Part 1005 — Electronic Fund Transfers (Regulation E)
FOH Chapter 30 RECORDS, MINIMUM WAGE, AND PAYMENT OF WAGES (U.S. DOL – page 11, Sec. 30c)
29 CFR 531.35 — “Free and clear” payment; “kickbacks”

['Compensation']

['Compensation', 'Payroll']

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