Direct Deposit - Bank Account | Wagepoint

Direct Deposit - Bank Account

The application assumes that all employees are paid by check. So, in order to pay your employees by Direct Deposit, you first need to set it up in the system.

  1. Select "Employee" from the top group of tabs. The page will default to display the "Active" Employee tab.
  2. You will land on the "Person" tab when you click the edit icon, so select "Direct Deposit" to set up your employee's bank account information. 
  3. Select "Add Bank Account" if this is the direct deposit preference for the employee.
  4. The app allows you to break up an employee's paycheck to up to three priorities - identify if it is a "First", "Second" or "Third" priority. For details on splitting employee paychecks click here.
  5. Allocate the "%" or "$" value to the amount to be deposited into the specified account.

  6. To add a bank account, we require three pieces of bank information: bank name, routing number, and account number. We recommend having a voided check or saving deposit slip for reference to ensure you have the correct information on file.

  7. Enter your bank "Routing #" for the banking institution.
  8. Enter the "Bank Name" in the appropriate space.
  9. Enter the "Account #" for the bank account.
  10. Indicate whether it is a "Checking" or "Savings" account.
  11. Click "Save Account" and you can now start paying your employee via Direct Deposit.