PSA Payroll - Direct Deposit: How to send an employee's net pay to more than one bank account

How to send an employee's net pay to more than one bank account

Employees can choose to have their net pay allocated to different bank accounts by percentage or amount. The software allows unlimited direct deposit accounts for an employee.

Choose ACH File, then enter a line for each bank account to which the employee would like to send their pay.  

If you choose the percentage method, the total percentage must equal 100%. (shown above)

For Amount Distributions, the last bank account in the list will receive any balance that remains. (shown below)  For example, if an employee wants $10.00 to go to their checking, $20 to Savings, they can direct the remainder to go to a third account without specifying the amount. You must enter an amount on at least one line.

 

Related Articles

How to file a Pre-note for Direct Deposit Employee

Print Paper Check for Direct Deposit Employee

Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.