Direct Deposit defined

Direct Deposit is a Check Type available to stipulate the form of payment as being made through direct deposit, in which the money is transferred electronically through the electronic funds transfer system of the Automated Clearing House and governed by the National Automated Clearing House Association (NACHA).  Direct Deposit can be set up for vendors in Accounts Payable, and for employees and payees in Payroll.

Steps to Set Up Direct Deposit for a Vendor

Steps to Set Up Direct Deposit for a Payee

Steps to Set Up Direct Deposit for an Employee

Accounts Payable Direct Deposit Setup Checklist

Payroll Direct Deposit Setup Checklist