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This document outlines the procedures and options available for employees to add an additional direct deposit account to their existing payroll setup.
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How to fill out direct deposit additional account

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How to fill out Direct Deposit Additional Account

01
Obtain a Direct Deposit Authorization form from your employer or financial institution.
02
Fill out your personal information, including your name, address, and social security number.
03
Indicate the amount or percentage of your paycheck you want to deposit into the additional account.
04
Provide the bank routing number for your additional account.
05
Enter the account number for your additional account.
06
Sign and date the form to authorize the transactions.
07
Submit the completed form to your employer or payroll department.

Who needs Direct Deposit Additional Account?

01
Employees who wish to have their pay split between multiple accounts.
02
Individuals saving money in different accounts for budgeting purposes.
03
Anyone who wants to allocate a portion of their paycheck directly to savings or investment accounts.
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People Also Ask about

Yes, many payroll systems allow you to set up multiple direct deposit accounts. This means that you can have your paycheck split between two or more accounts based on your preferences.
Payments can be divided into multiple accounts, such as a checking account and a savings account.
You can have up to 10 accounts. When managing payment elections, to split your money between multiple accounts, the selection for 'Balance' must be last (on the bottom). 1. From the Workday search bar, enter 'Add Payment Elections' and select the Add Payment Elections task.
What Is Direct Deposit? The term direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the use of an electronic network that allows deposits to take place between banks.

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A Direct Deposit Additional Account refers to an extra bank account where an individual can have their direct deposit payments sent, in addition to their primary account.
Individuals who wish to split their direct deposit wages or benefits between multiple bank accounts may need to file the Direct Deposit Additional Account form.
To fill out the Direct Deposit Additional Account, you typically need to provide your bank account information, including the bank's routing number and your account number, and specify the amount or percentage of funds to be deposited into the additional account.
The purpose of the Direct Deposit Additional Account is to allow individuals to manage their finances by distributing direct payments into more than one account, possibly for savings, expenses, or budgeting.
Information that must be reported includes the bank name, the routing number, account number, type of account (checking or savings), and the specified amount or percentage to be deposited.
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