Last modified by Peytience S on 2023/10/31 21:07
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1 **Prior to setting up Direct Deposit you will need the following information:**
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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.
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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**.
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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.
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15 == Related Pages: ==
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17 === [[Switching an Employee Back to Receive a Printed Check>>doc:Mac.Direct Deposit ».Switching an Employee Back to Receive a Printed Check .WebHome]] ===
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19 Learn how to switch an employee from direct deposit back to receiving checks instead.
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22 === [[Adding New Employees for Direct Deposit>>doc:Mac.Direct Deposit ».Adding New Employees for Direct Deposit .WebHome]] ===
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24 Learn how to add new employees for direct deposits.
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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]] ===
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29 Read on where you can find the ACH File for direct deposit that is needed for submission to the bank.
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32 === [[Direct Deposit into Multiple Accounts>>doc:Mac.Direct Deposit ».Direct Deposit into Multiple Accounts .WebHome]] ===
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34 FAQ: Can employees have the check deposited into multiple accounts such as savings and checking?
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37 === [[Printing Check Stub for Direct Deposit Employees>>doc:Mac.Direct Deposit ».Printing Check Stub for Direct Deposit Employees .WebHome]] ===
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39 Learn how to print a check stub for employees who opt to have direct deposits.