Paying employees by direct deposit is the safest way to ensure paychecks are delivered on-time, whle also saving yourself the hassle of printing and delivering paychecks, personally. Payment can be split across multiple bank accounts, and employees have the option to add their own bank info. Need to apply for direct deposit? Here's how→
Direct deposit vs paper check
When processing a pay run, workers whose bank information hasn't been setup will have "Paper Check" listed below their name. For these workers, you must print and distribute checks yourself.
Let workers enter their bank information themselves
Employees and contractors can enter and update their bank information themselves in their OnPay online portal. They're also able to split their direct deposit across multiple bank accounts, either by percentage, flat amount, or both. See how→
Entering worker bank information
In the worker's profile, scroll to the Direct Deposit tile and Click to edit.
Under "Enable Direct Deposit?" select Enabled.
Important:
If you don't see an option to enable direct deposit, you may need to apply for direct deposit. Direct deposit requires a risk assessment of your company, and the primary signer of the agreements.
Enter the Routing and Account numbers provided by the employee. You can also invite your employees to enter this info themselves.
Note:
If this is a savings account, be sure to indicate that here.
Once you've entered the bank info, click Add Account.
Updating worker bank account info
Go to the worker's profile, and click Direct Deposit.
Click Edit Accounts to update an employee's bank info.
To make changes to an employee's bank account information, you'll need to verify your identity by following the link emailed to you, and entering a verification code on your screen.
Splitting Direct Deposit across Multiple Bank Accounts
If a worker would like their pay deposited to multiple accounts, you can add as many additional accounts as needed. You can also control how the check is split, using percentages, flat amounts, or both.
Go to the worker's profile, and click Direct Deposit.
Click Edit Accounts.
Click Split Check.
After entering the routing and account numbers for the worker's additional bank account, scroll down to choose whether to split "By Percent", or "By Dollar Amount".
Enter the amount of their check to be deposited in this account each pay period, and click Save.
Split Check by Percentage
Split Check by Dollar Amount
When you've finished entering the bank info, click Save.
Risk assessment required
Direct deposit requires a risk assessment of your company and the primary signer of the agreements before it can be enabled in OnPay.