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Myisolved How To Update A Direct Deposit Account

The document provides instructions for accessing and updating direct deposit information in Employee Self-Service. It details how to navigate to the Direct Deposit section, view existing accounts, and add or edit account information. Key steps include selecting the "Direct Deposit" or "Direct Deposit Updates" option, clicking "Add New" to enter routing and account numbers for a new account, and changing an existing account's status to "Inactive" to stop deposits to that account. Employers may require approval of added or changed accounts before the updates take effect.

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806 views6 pages

Myisolved How To Update A Direct Deposit Account

The document provides instructions for accessing and updating direct deposit information in Employee Self-Service. It details how to navigate to the Direct Deposit section, view existing accounts, and add or edit account information. Key steps include selecting the "Direct Deposit" or "Direct Deposit Updates" option, clicking "Add New" to enter routing and account numbers for a new account, and changing an existing account's status to "Inactive" to stop deposits to that account. Employers may require approval of added or changed accounts before the updates take effect.

Uploaded by

api-574282999
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

Direct Deposit – Employee Self-Service

Introduction
The purpose of this article is to review and explain the options under Direct Deposit in Employee Self-Service.

Navigation
In order to view or add/change your Direct Deposit information, log into isolved using your Employee Self-Service email
address and password. Please ensure that passwords are a minimum of 12 characters, at least one lower-case alpha
(a-z), one upper-case alpha (A-Z), one numeric (0-9), and one special character. Spaces are allowed to support the
use of easier to remember passphrases. Going forward, your password will not expire. Passwords may also not
duplicate any of your previous 10 passwords.
If you key in an incorrect password five times, you will be locked out of the system. You will receive a message after
each incorrect attempt indicating the number of tries left. After the fifth incorrect attempt, you will be locked out for 10
minutes. After 10 minutes, please click on the “Forgot Password” link and change your password. If you need access
immediately, you may contact your company’s administrator to unlock your account.

Navigate to Employee Self Service and click on either:


• Direct Deposit
• Direct Deposit Updates
Usually, you will only have one option or the other.

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Direct Deposit – Employee Self-Service

N ote: If you do not have either option, your employer has opted out of this service. In order to make Direct Deposit
changes or additions, you will need to contact your employer directly.

Direct Deposit
If you have the access to Direct Deposit, click on the option to view the information for your direct deposit account(s).

If you have multiple direct deposits, click on the account you want to review to check the details of the direct deposit
account in a different format.

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Direct Deposit – Employee Self-Service

The details include:


• Status
• Account Type
• Sequence
• Remaining Net
• Every Pay
• Amount
• Percent
• Routing Number
• Account Number
• Description
• Is Corporate Account
Since this is a view only screen, you are unable to make any changes. It is for informational purposes only. Contact your
Employer to add or change a direct deposit account.

Direct Deposit Updates


If you have the access to Direct Deposit Updates, click on the option to view, add or change the information your
employer has for your direct deposit account(s).

Add New
If you are adding a new Direct Deposit account, click on the Add New icon on the blue action bar.

Add the following information for your new account:


• S tatus: Options include “Active,” “Prenote” and “Inactive.” Check with your employer to see if you should be
using “Active” or “Prenote” for new direct deposit accounts.
• Account Type: Options include “Checking,” “Savings,” “Pay Card (Checking),” and “Pay Card (Savings).”
• S equence: Options are “Remaining Net” or a number to reflect which direct deposit is first.
Ex ample: Net Pay $800
o Remaining Net: The $800 Net Pay will be added to the account with this sequence.
o 1 and Amount of $500 - $500 of the Net Pay will be added to the account with this sequence, and the
remainder of $300 will be in a check.
o 1 and Amount of $500 and a different account indicating Remaining Net - $500 of the Net Pay will be
added to the account with sequence “1,” and the remaining $300 will be deposited in the account with
the sequence “Remaining Net.”
• Frequency: How often you want funds to go into the account. The default is “Every Pay.”
• Amount: If using a number sequence, you can enter any dollar amount. If your check is less than the dollar
amount indicated, all funds will go to the lowest sequence and up if any funds are remaining.

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Direct Deposit – Employee Self-Service

• P ercent: If using a number sequence, enter a percent of your Net Pay to be deposited in the account. Do not
enter 100%, use Sequence Remaining Net for that option
• Ro uting Number: The nine digit number on the bottom of your check stub. Do not use the number on your
deposit ticket.

• Account Number: The number after the Routing Number.

• D escription: This setting is optional.


• I s Corporate Account: if this option is selected, the bank account entered will be considered a corporate
account.

• Click on the S ave icon.

Edit
If you need to edit existing Direct Deposit information, click on the Edit icon from the blue action bar.

4
Direct Deposit – Employee Self-Service

Change any of the fields above. The only exception is the Account Number, which will be greyed out. However, there is
another field called Update Account Number.

Key the Account Number into this field and click on Save to replace the greyed-out information. This is done to keep
the bank account information secure. The account number will be encrypted and stored in a secure database.

N ote: If the Direct Deposit information has been used to deposit funds previously, it is best to Add New to enter the
new bank information and inactivate the account you no longer wish to use. See instructions for inactivating below.
Ed it is most often used when an error occurs or the bank corrects the information from a prenote.

Edit – Change Status to Inactive


If you no longer wish to use an existing direct deposit account, click on the Edit icon. Using the drop-down menu,
change the S tatus from “Active” or “Prenote” to “Inactive.” Click on the Save icon.

This account will no longer be used for depositing any funds.

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Direct Deposit – Employee Self-Service

Delete
If you wish to delete an account, click on Delete from the blue action bar.

A pop-up box will appear, asking you if you are sure if you want to delete. This is to confirm your decision.

• If you click OK, your Direct Deposit information will be deleted.


• If you click Cancel, your Direct Deposit information will remain in its current status.

Refresh/Cancel
The Refresh and Cancel icons also appear in the blue action bar:

These options are available if:


• Cancel: If you have started to make a change (Edit or Add), and you want to cancel out of it and delete the
information entered.
• Refresh: This option is used if your view of the screen is not proper. It will refresh your browser.

Approval/Rejection
If your employer wishes to approve or reject your Direct Deposit additions or changes, you may receive an email
confirming or denying the change.
Here is an example of an approval email:

N ote: Each employer can customize the verbiage in the approval or rejection email.

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