Setting up direct deposit into a new bank account in Dayforce involves a few steps. Here's a general guide, though specific steps may vary slightly depending on your organization's configuration:
- Log In: Start by logging into your Dayforce account using your username and password.
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Navigate to the Direct Deposit Section:
- On the Dayforce home screen, locate the menu (often represented by three horizontal lines or a similar icon) and click on it.
- Select Profile & Settings or Profile from the dropdown menu.
- Click on Forms or Direct Deposit under the Payroll section.
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Add a New Bank Account:
- Click on the option to Add Account or Add New.
- You will be prompted to enter your Wealthsimple Cash account details. This typically includes:
- Bank Name (Wealthsimple Investments Inc.)
- Account Type (Chequing)
- Institution Number (703)
- Account Number (8 digits)
- Branch ID / Transit Number (00001)
- Routing Number (if applicable)(070300001)
- Set Deposit Amounts: Decide how you want your pay to be distributed. You can choose to deposit all of your paycheque into one account or split it between multiple accounts. If you are splitting deposits, specify the amount or percentage for each account.
- Review and Confirm: Carefully review the information you have entered to ensure it is correct. Confirm your changes by clicking Save or Submit.
- Verification (if required): Some banks or employers might require you to verify the new account by confirming small test deposits. If this is the case, follow the instructions provided to complete the verification process.
- Confirmation and Notifications: You should receive a confirmation message indicating that your direct deposit information has been updated. You may also receive an email notification about the changes.
- Processing Time: It may take one or two payroll cycles for the new direct deposit information to take effect. Check with your HR or payroll department if you need more specific information regarding the timing.
If you encounter any difficulties or the steps look different based on your company's specific Dayforce setup, we recommend contacting your HR department or Dayforce administrator for further assistance.
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