Direct Deposit

The Direct Deposit screen displays your current account information (what already exists in the system), and/or pending account information (information is pending if you have not executed the Activate Pending Employee Bank Information utility in Costpoint Payroll).

Current information displays in either the Current Account Information table or in the Pending Account Information table. Pending information displays only in the Pending Account Information table. The Current Account Information table and the Pending Account Information table provide different snapshots of your direct deposit information.

You can update existing account information or make changes/additions to accounts, depending on the table. The pending accounts will replace the current accounts after your payroll administrator executes the Activate Pending Employee Bank Information utility in Costpoint Payroll.

Use this screen to view and update existing account information (Summary page), update existing account information and add new information. The number of direct deposit accounts you can have is determined by the Manage Taxable Entity Settings screen.

You can also access this screen as a tab on the Life Events/New Hires screen when a when a life event is in process.