Direct Deposit: Options Defined

Status

• Active: Will send a live direct deposit without testing the validity of the account.
• Prenote: Will test the banking information to ensure validity. The account status will change to Active once the verification has been completed.
• During the prenote timeframe, the employee will receive a live check. Prenote should be used whenever possible to verify the information is accurate.
• Inactive: Will retain the information; however, no funds will be transferred to this account.

Account Type

• Checking Account, PrePaid Card or Savings Account: assign the account type from the employee banking documentation.

Sequence

• 1, 2, 3 (Numbered): Used for partial direct deposits, by order of importance. One being first.
• Remaining Net: One direct deposit account for the entire employee net pay. The last account to receive the remaining net pay after numbered sequence.

Remaining Information

• Input the Description. This is not required; however, it can assist with identifying each account.