Direct Deposit Transmission Date Entry

Enter the Direct Deposit Transmission Date, which is the day you plan to transmit the direct deposit information to the bank.  You are prompted for the Transmission Date during Permanent Pay Transfer or the first time you enter payroll checks during the pay period.  However, you can also maintain the date during Edit Direct Deposit Control.

Example:

Notes:

• The Transmission Date must be a predetermined number of lead days before the Direct Deposit Effective Date, so the bank has lead time to process the transactions.  The DD-Days Table controls the number of lead days required (usually two).

• Normally, the Transmission Date falls after the Period End Date and before the Check Date, which is usually the same day as the Direct Deposit Effective Date.  Although the Transmission Date is before the Check Date, the bank posts the actual direct deposit transactions into the employees' accounts on the same day (or close to) the Check Date.  For more information about the dates and sequence of events, refer to the Payroll Runbook.

• For more information, refer to the topic, Advanced Feature - Setting Up Direct Deposit.