Deposit Dropdown Format For Free

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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

What should I put for deposit order?

When setting up accounts you will need to choose a dollar amount or percentage, or balance of net pay. The deposit order will indicate which account you would like your money to go to first, second and so on. The balance of net pay account should be set up with a deposit order of 999. Enter your account information.

What is a deposit order?

Order of deposit is meant for those with multiple deposit accounts and is the order in which you want your pay deposited into your accounts. For example, say you want 10% of your pay deposited into your savings account and the balance / remainder of your pay deposited into your checking account.

What do you put for deposit order?

When setting up accounts you will need to choose a dollar amount or percentage, or balance of net pay. The deposit order will indicate which account you would like your money to go to first, second and so on. The balance of net pay account should be set up with a deposit order of 999. Enter your account information.

What is deposit type amount or balance?

- You must choose one account with the Deposit Type of Balance. Balance is the remainder of net pay deposited to an account after the designated amounts and/or. Percentage values have been deposited to the specified bank accounts amounts and/or. Percentage values have been deposited to the specified bank accounts.

What does balance of net pay mean?

The term “balance of net pay” means that if you have only one account set up for direct deposit, the full amount of your pay check will be deposited into that account. If you have multiple accounts set up, this is the last account your check will be deposited into on pay day.

What is priority order for direct deposit?

Enter a priority number for this distribution. During direct deposit processing, distributions are made to accounts in order of their priority number the lower the priority number, the higher the priority.

What does sequence mean on direct deposit?

A percentage of the total pay that should be deposited. If all pay is intended for this bank, then enter 100%. Sequence: Enter a value to indicate the order in which funds should be distributed among the employee's banks.

What do I put for deposit order?

When setting up accounts you will need to choose a dollar amount or percentage, or balance of net pay. The deposit order will indicate which account you would like your money to go to first, second and so on. The balance of net pay account should be set up with a deposit order of 999. Enter your account information.

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