Employees and contractors have the option to split their direct deposit between up to ten bank accounts.
In your Justworks account, navigate to "Account settings," and then edit your "Bank Account". On this page, you'll be presented with the option to add multiple bank accounts for your payments.
You can add up to ten bank accounts on this screen. You’ll have to enter in the account and routing numbers of your additional accounts, which can only be checking or savings accounts. At this time, there’s no option to add brokerage or similar accounts.
There is also the option to enter a nickname for each account, though that is not required.
Additionally, you can choose to split your deposit based on percentage, or based on a flat dollar amount. If you enter the amounts based on percentages, they’ll have to add up to an even 100%. You’ll be unable to save the information you’ve entered otherwise.
When you split based off of flat amounts, you have the option to designate amounts for each account, or leave some fields blank. For example, if you leave your primary amount blank and designate amounts for secondary bank account(s), any amount beyond what’s you’ve designated will go the primary account.
If you do designate dollar amounts in each bank account, any overflow amount will go back to the primary account listed.
Once you submit your preferences, you’ll see your bank accounts listed under in your Account Settings page:
You can also expect an email confirming the change. You won’t have to take any action here, but we want to give you a heads up nevertheless.
Will all types of payments be split?
No, not all payments will be split between multiple accounts. Find a list of applicable payments below.
Payments that will be split between the multiple accounts:
- Salary (biweekly or semimonthly)
- Wages (weekly or biweekly)
- Contractor Pay
- Bonus / Commission
- Salary off-cycle
- Paycheck tips
- Owner’s Draw
Payments that will only go to the primary account:
- Expense Reimbursement
- Misc Non-taxable
- Retroactive Severance
- Taxable Moving
- Vendor Payment
- Supplemental - Other pay type.
When will changes take effect?
When adding additional bank accounts, it may take up to one pay cycle for changes to take effect, based on how soon your next payday is.
If you're unsure when you may see the updates reflected, please reach out to our Customer Success team and we'd be happy to help.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.