Beginning January, 2016, Principal is changing the minimum payment threshold to $1,000 for paper check processing.
If you have not switched to direct deposit and your compensation doesn’t reach this minimum during the year, you will be paid on the last statement of the year, regardless of the amount. To avoid delays in receiving any payment owed, take action now and switch to direct deposit. There are no minimum payments that are processed via direct deposit. Now is the perfect time to switch to direct deposit. It’s fast, simple, and secure.