Employees have the option of splitting their payments between two separate bank accounts.
How Do I Add a Second Account?
In your Justworks account, navigate to "Account settings" and then edit your "Bank Account". Here, you'll be presented with the option to add a second bank account for your payments.
After clicking "add optional account to split deposits", you'll be presented with a screen where you can add the details of your second bank account.
You can enter amounts as either a percentage or flat dollar amount. When adding a second bank account, you'll be prompted to enter the amount you want to be deposited into that account per payment. Any remaining funds will be deposited into your primary account. Not sure where to find this information? You can check out our article on "Setting Up Direct Deposit."
Will all types of payments be split?
No, not all payments will be split between two accounts. Find a list of applicable payments below.
Payments that will be split between the two accounts:
- Salary (biweekly or semimonthly)
- Wages (every 2 weeks)
- Contractor Pay
- Supplemental Pay (i.e. Bonus or 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
Important: If an employee receives two payments on the same day and one is such that will not be split into two accounts, neither payment will be split and both will go to the primary account.
Splitting your payments into more than two bank accounts:
NOTE: This section only refers to Justworks customers participating in the beta for 3 or more bank accounts.
If you’d like to add another bank account to split your direct deposit, you can do so from the ‘Account Settings’ area of your account. Click on the blue pencil next to ‘bank account.’
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.
You also have the option to enter a nickname for each account, though that is not required.
As always, you have the option 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 bank or leave some 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.
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.