Overview

Setting up direct deposit into a new bank account in BambooHR involves a few steps. Here's a general guide, though specific steps may vary slightly depending on your organization's configuration.

Setting up direct deposit with BambooHR

1. Log in: Log in to your BambooHR account.
2. Go to the direct deposit section:
   1. On the BambooHR home screen, look for the My Info tab or menu
   2. From the dropdown menu, select Pay Info or Payment Information
3. Add a new bank account:
   1. You should see an option to manage your direct deposit information
   2. Click on Add Account or Update Direct Deposit
   3. Enter your Wealthsimple chequing account details, including:
      • Account type: Chequing
      • Institution number: 703
      • Account number: 8 digits
4. Set deposit amounts: Decide how to distribute your paycheque. You can deposit all of it into one account or split it between multiple accounts. Allocate the correct percentages or amounts to your new bank account.
5. Review and confirm: Carefully review the information you have entered to ensure it is correct. Confirm your changes by clicking Save or Submit.
6. Verification (if required): Some banks or employers might require you to verify the new account. If this is the case, follow the instructions provided to complete the verification process.
7. 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.

Where to go for help

If you have any issues or your BambooHR interface looks different, contact your HR department or BambooHR administrator for help with your organization's specific setup.