Direct Deposit

If your company is configured to do so, you, as an employee, can view and edit your direct deposit information through My Payentry®. You can also add and delete direct deposit information.

 

In this section you can:

 

Image of the Direct Deposits section on the Employee Page

Direct Deposit Dialog:

 

Image of the Add New Direct Deposit Window

Table 2-613: Direct Deposit Section Fields
Field Description
Order 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.
Bank Name of the bank in which the employee's funds are deposited.
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 Amount of money to be deposited into the employee's account. This value can be a dollar amount or a percentage.
Edit Button that allows you to edit the direct deposit information, including its routing and account numbers. If the employee is using a Payentry® debit card, they will be unable to edit much of the information. For more information, see Edit Direct Deposit Information.
Delete Button that deletes the specified account from the list of available accounts. For more information, see Delete a Direct Deposit Account
Add Direct Deposit Button that allows you to add a new direct deposit account to the list of available accounts. For more information, see Add Direct Deposit.
Change Order Button that allows you to reorder the accounts and determine which accounts are filled first. For more information, see Change Order of Direct Deposits.
Account Type Drop-down menu that indicates whether the account is a checking account or a savings account.
Name on Account Name that appears on the bank's records for the specified account.
ABA Routing Number ABA routing number used to identify the specified bank. This number can be found on a check issued for the account.
Amount 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.
Payment Type

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.

 

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