I appreciate the detailed information that you gave regarding your concern with updating your bank account for direct deposit.
If you're trying to change your company's bank account to be used in direct deposit, you'll need to submit a Direct Deposit Bank Account Change form since you've mentioned that the bank was sold out and changed its name. You can access that through this link: Bank Account Change Form.
However, if you're trying to change the employees bank information for direct deposit, you can update that by following these steps:
Go to Employees and select Employee Center to open your employee list.
Select the employee's name.
Press on the Payroll Info tab.
Hit on the Direct Deposit button.
In the Direct Deposit window, select Use Direct Deposit for [employee's name].
Select to deposit the paycheck into one or two accounts.
Enter the employee's financial institution information (Bank Name, Routing No., Account No., and Account Type).
Tick on OK to save the information.
Key in your direct deposit PIN when prompted.
You need to edit the bank account info before you create a paycheck for the employee. The paychecks you've made before you update the employee's account will be deposited to the old bank account. To avoid this, you can delete and recreate the paychecks before sending them to Intuit, or you can perform these steps:
Open the paycheck and go to the Paycheck Detail window.
Uncheck the Use Direct Deposit option on the paycheck details.
Select on Save or Save & Close.
Once done, open the paycheck again and select Use Direct Deposit. Be sure to select Save.
Keep me posted on how it goes, @Skylinelandscaping. I'll be around to help if there's anything else that you need. Take care!