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Level 1

Employees have notice that their payroll deposit timing has changed.

Has Quickbooks made any changes on how the funding happens on payday? My employees are noticing that on the morning of payday their deposit will show as pending in their account, but the funds are not available.  It's not till much later in the day that the funds are available to pull.  This is something new that has taken place the last 2 pay dates. They used to be able to withdraw funds as soon as the bank opens that day. 

 

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QuickBooks Team

Employees have notice that their payroll deposit timing has changed.

Hi, CountingOSEFC.


Glad you dropped by the Community space. I want to share some information about your payroll direct deposit.


Approved direct deposit is sent by QuickBooks to the bank 2 days before the pay date. This is to ensure your employees are able to receive their pay on time.


The time of funding varies depending on the financial institution where the funds are being deposited, and how long it takes for them to process electronic deposits. I suggest contacting your bank and verifying if there are changes made when it comes to their funding process.


For more information about QuickBooks Direct Deposit, take a look at this article: https://community.intuit.com/articles/1762942.


That should be it. If there’s anything else you need, please let me know. I’ll be here to help. Enjoy your day!

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