Last modified by Peytience S on 2023/10/31 21:07
From version 4.1
edited by Peytience S
on 2023/10/31 21:07
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To version 2.1
edited by christie w
on 2023/02/10 20:56
Change comment: There is no comment for this version

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1 1  **Prior to setting up Direct Deposit you will need the following information:**
2 2  
3 -* You will need to find out from your bank if they will accept the **ACH file**, in **NACHA format**, for processing your Direct Deposit payroll.
4 -** Some banks do not accept the file as they have their own procedure for submitting Direct Depost payroll.
3 +*
4 +** You will need to find out from your bank if they will accept the **ACH file**, in **NACHA format**, for processing your Direct Deposit payroll.
5 +\\Some banks do not accept the file as they have their own procedure for submitting Direct Depost payroll.
5 5  
6 -* Does the bank want the file to contain the **Balancing Entry,** more commonly referred to as the Debit Entry. This is not common as most banks will want the entry included in the file.
7 -* If your bank will accept the file, you will need to find out **how to submit the file to the bank**, for example upload the file on a secure website, and how many days in advance of the pay date they would need the file submitted for processing on the pay date.
8 -* From your employees, you will need something that has their bank **Routing** and **Account Numbers** on it such as a cancelled check or deposit slip.
9 -* You will need your **Company's Bank Routing** and **Account Number**.
7 +*
8 +** Does the bank want the file to contain the **Balancing Entry,** more commonly referred to as the Debit Entry. This is not common as most banks will want the entry included in the file.
10 10  
11 -There is **no fee** for using the Direct Deposit feature of your payroll program. However, your bank may charge a fee to process the file for you.
10 +*
11 +** If your bank will accept the file, you will need to find out **how to submit the file to the bank**, for example upload the file on a secure website, and how many days in advance of the pay date they would need the file submitted for processing on the pay date.
12 12  
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13 +*
14 +** From your employees, you will need something that has their bank **Routing** and **Account Numbers** on it such as a cancelled check or deposit slip.
14 14  
15 -== Related Pages: ==
16 +*
17 +** You will need your **Company's Bank Routing** and **Account Number**.
16 16  
17 -=== [[Switching an Employee Back to Receive a Printed Check>>doc:Mac.Direct Deposit ».Switching an Employee Back to Receive a Printed Check .WebHome]] ===
18 18  
19 -Learn how to switch an employee from direct deposit back to receiving checks instead.
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21 -
22 -=== [[Adding New Employees for Direct Deposit>>doc:Mac.Direct Deposit ».Adding New Employees for Direct Deposit .WebHome]] ===
23 -
24 -Learn how to add new employees for direct deposits.
25 -
26 -
27 -=== [[Locating the ACH File for Direct Deposit to Submit to Bank>>doc:Mac.Direct Deposit ».Locating the ACH File for Direct Deposit to Submit to Bank .WebHome]] ===
28 -
29 -Read on where you can find the ACH File for direct deposit that is needed for submission to the bank.
30 -
31 -
32 -=== [[Direct Deposit into Multiple Accounts>>doc:Mac.Direct Deposit ».Direct Deposit into Multiple Accounts .WebHome]] ===
33 -
34 -FAQ: Can employees have the check deposited into multiple accounts such as savings and checking?
35 -
36 -
37 -=== [[Printing Check Stub for Direct Deposit Employees>>doc:Mac.Direct Deposit ».Printing Check Stub for Direct Deposit Employees .WebHome]] ===
38 -
39 -Learn how to print a check stub for employees who opt to have direct deposits.
20 +There is **no fee** for using the Direct Deposit feature of your payroll program. However, your bank may charge a fee to process the file for you.