Current Accounts Subtask

This subtask displays if current direct deposit account information exists in the system.

Contents

Field Description
Priority

This field displays the rank/order number in which the direct deposit account is listed.

Routing Transit #

This field displays the financial institution's nine-digit routing transit number.

Financial Institution

This field displays the name of the institution to which payments will be directed.

Account #

This field displays your account number from your financial institution.

Type

This field displays a description of the type of account to which the payments will be forwarded.

Usage

From the drop-down list, select if the account will be used for payroll deposits or health savings account (HSA) deposits. Valid options are Payroll or HSA. This drop-down list is available only if the Allow HSA Account Selection in Direct Deposit check box is selected on the Manage Taxable Entity Settings screen. The value will default to Payroll when the field is not editable.

Method

This field displays the method that you have requested be used to divide your pay between (selected) financial institutions. Method options are:

  • Fixed Amount
  • Percentage
  • Net Pay
  • Inactive

Net Pay is where the remaining (leftover) money should go.

Pct/Amount

This field displays the dollar amount or percent to be forwarded to your bank account.

The changes you enter will not be activated until they have been tested with your financial institution.