|Drop-down menu that indicates whether the account is a checking account or a savings account.
|Priority in which the direct deposits are deposited for the specified account. The highest priority direct deposit is filled first, followed by the next. If the employee's available funds cannot fill all the deposit accounts, the lower priority accounts are not filled. Similarly, if all funds are filled with additional funds left over, the employee receives a paper check for the additional funds.
|Name on Account
|Name that appears on the bank's records for the specified account.
|Number used to identify the employee's direct deposit account. If the employee is using a Payentry® debit card, there is no account number.
|Amount of money that the employee deposits into the specified account. This value can be a percentage or a flat amount, depending on what was specified in the Payment Type field.
Method in which payments are calculated. There are four options:
- Flat Dollar Amount (or remainder of net pay if it is less than the amount)—The amount specified is the amount of money that will be deposited into the specified account. Any additional funds are deposited into the next account by priority, or issued as a paper check. If, for example, you specify an amount of $100, and earn $150, then only $100 is deposited into the account. If you were paid $75, then all $75 would be deposited into the specified account.
- Flat Dollar Amount (or 0 if remainder of net pay is less than the amount)—The amount specified is the amount of funds that will be deposited into the specified account. However, if the funds to deposit are less than the amount, then nothing will be deposited. For example, if you specify an amount of $100 and earn $150, then $100 is deposited. If you earned $75, then no money would be deposited.
- Percentage of net pay to be deposited—The amount entered is a percentage of the employee's pay that will be deposited into the specified account. For example, if you have an amount of 10, then 10% of the employee's pay will deposit into the account. If the employee earned $150, then $15 would be deposited into the account.
- All Except a Specific Amount—All of the remaining pay will be deposited except for the amount specified. For example, if you specify an amount of $10 and earn $150, then $140 would be deposited into the account specified.