Working With Direct Deposit Accounts and Your Payment Elections



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Transcription:

Working With Direct Deposit Accounts and This document contains instructions in the following areas for working with your direct deposit accounts and payment elections: Overview Working with Your Direct Deposit Accounts Working with

Overview Within Workday you can easily manage your direct deposit account information as well as tell the system how to distribute payroll payments between different bank accounts, such as checking or savings, and to specify the payment method, such as check or direct deposit. There are many means to get to where you can work with your payment elections. Two methods will be shown in these instructions: using the Related Actions off of your Workday Profile screen and using the Workday Landing Page. Workday Profile Screen Select the related actions icon ->Personal Data ->Maintain Payment Elections Workday Landing Page Click the Pay Worklet -> Actions-> Payment Elections

The Payment Elections window will open. There are two sections: Accounts and Payment Elections Accounts: This section, also referred to as Direct Deposit Accounts, is where you maintain the information about the bank accounts you would like the funds from your paychecks deposited. You must have at least one account setup for direct deposit and to work the next section, Payment Elections. Payment Elections: This section is where you maintain your elections of how the system is to distribute payroll payments between different bank accounts you have setup in the Accounts section (such as checking or savings). Use the instructions on the next pages to work with your accounts and payment elections.

Working with Your Direct Deposit Accounts 1. To add an account click Add Account. To edit an account click Change Account to the right of the account you wish to change. To delete an account click Delete Account to the right of the account you wish to change (see Workday tip below). You may not delete an active account; you must first modify the payment election and remove the account before you can delete it entirely.

Working with Your Direct Deposit Accounts 2. The Account Information screen will appear. Complete or modify the required and optional fields in the Account Information section. NOTE: Please take great care to ensure that you are accurately entering the information. Incorrect information may delay your direct deposits and may cause you to receive a physical pay check until your direct deposit information is accepted by your bank. When finished, click OK to return to the previous screen to work with another account or to change your payment election options.

Working with 1. After you have your accounts setup with your correct banking information you may work with your payment elections, if necessary. To edit payment elections click Change Election to the right of the appropriate Pay Type.

Working with 2. The Payment Election screen will appear. Depending on how you previously setup your payment elections (payment elections will be carried over from HCS) you may see one or multiple Payment Election rows in this screen. To change the parameters of a payment election use the prompt buttons in the Country, Currency, Payment Type, and Account columns NOTES: If you select Check in the Payment Type column the Account column will no longer be accessible. You must have the accounts setup before you are able to select them within the Accounts column. See earlier pages in this document for instructions. Once you have made your selections in the Country, Currency, Payment Type, and Account columns, complete the Balance/Amount/Percent column. If needed, click the plus sign ( Click OK when finished. ) to add another row to handle the balance of your wages.