I've been using QB Payroll for some time, but have always printed paper checks for the employees.
We'll be switching to direct deposit (yay!) but I can't find any information about a prenote time frame.
If I have everyone's bank information in time for my next payroll process, can they be done via direct deposit?
Or do they need one more round of paper checks while Intuit pings the accounts?
Hello there, @ekileen.
Thanks for reaching out to us about setting up direct deposit. I can share some insights about the prenote time frame.
Intuit will make 2 small debits (less than a dollar) on your account within two banking days of the Direct Deposit activation process. This is done to verify that you're the authorized user and if the account is ready for payroll transactions and fees.
To start using the service, make sure to enter these test debits. Here's how:
You will also have to set up your employee's bank account information in QuickBooks:
You should be able to process Direct Deposit after verifying your bank and setting up your employee's bank information, ekileen.
Please take note that you must send the Direct Deposit to Intuit before 5 pm PST, two banking days before the check date. That way, your employees will receive their pay on time. To know more about direct deposit processing timeline, I recommend checking the link.
That should do it, ekileen. Let me know if you have follow up questions about direct deposit. I'm still here to provide answers. Have a good one!