What do you put for amount on direct deposit?

Choose Amount, Percent or Balance • If you are entering Direct Deposit information for the first time, you must select Balance for Deposit Type. Use this field to determine what order you would like deposits made.

What is the flat dollar amount?

A flat dollar represents a fixed dollar amount, generally in the context of fees or commissions paid for services. It may also go by the terms flat fee or flat rate. Contracts that specify flat dollar amounts rather than percentage-based fees remove the size of the transaction from the fee equation.

What does amount type flat mean?

Amount Type – Used to indicate whether the deposit is a flat dollar amount, a percentage of your net pay, or a remainder of net pay after a set live check amount. Use Flat to indicate that the entered amount is a flat deposit amount. Use Percent to indicate that the entered amount is a percentage of your net pay.

What does Amount percent mean for direct deposit?

Deposit Type: Amount, Balance, or Percent Balance means the whole balance or the remaining balance (if you have more than one account) of your check will go to that account.

Does account type matter for direct deposit?

As long as the routing and account numbers match up with your name it will usually be deposited. The only exception to this would be the operating procedures of your bank, which in general will accept it and process it as normal.

What is priority for direct deposit?

Setting the “Priority” for your Payroll Direct Deposit: The priority will determine how direct deposit will be completed, up to the maximum of your Net Pay. When setting up multiple accounts for direct deposit, the account with the Highest priority (1 being the highest) will receive payment first.

What does 999 mean for direct deposit?

o Your “Balance of Net Pay” account will be assigned the Priority Value of ‘999’ (the highest Deposit Order value) so that all other allocations are processed before that one.

How do I set up direct deposit?

How to Set Up Direct Deposit
  1. Get a direct deposit form from your employer.
  2. Fill in account information.
  3. Confirm the deposit amount.
  4. Attach a voided check or deposit slip, if required.
  5. Submit the form.