Setting Up Direct Deposit in Patriot Software

July 16, 2019

ahambach

Background

As a Patriot Software Payroll customer, you can offer direct deposit as an affordable, convenient way to deposit employee pay directly into their own bank accounts without the need to print paper paychecks.  For more info, see Direct Deposit – FAQs

How to Add Direct Deposit in Patriot Software

If you are a new customer, setting up your account in the payroll wizard, you will be asked how you want to pay your employees:  

  1. With handwritten or printed checks
  2. With direct deposit
  3. With a combination of paychecks and direct deposit

After you have completed the setup wizard, you can sign up for direct deposit by going to Settings > Payment Settings > Direct Deposit Settings.

Here’s a closer look at the signup process:

Step 1:  Verify Your Personal Identity

Enter your own personal information as the business owner or officer.  You will need to enter your name, home address, Social Security Number, date of birth, and government issued ID information.  We use this information to confirm “you are who you say you are.” If you have already been approved for Full-Service Payroll Tax Service, you have already completed this step, and won’t see it again.

Step 2:  Additional Company Information

  • Enter your business NAICS code.  This is a 6-digit number that identifies your business industry.  You can search for your code on the NAICS website
  • Enter your business website address, if you have one.
  • Confirm the contact information is correct.
  • Enter additional contact information if there are others at your business who are authorized to discuss direct deposit issues with Patriot Software.

Step 3:  Verify Your Bank Account

Patriot uses Plaid to instantly verify the bank account you want to use for direct deposit ACH withdrawals.  If you have already completed this step as a Full-Service Payroll customer for tax payments, you will skip this step. You will use the same bank account for both direct deposit and tax payments.  If you choose to manually verify your bank account by having Patriot deposit and withdraw a small amount of pennies, you will need to enter the penny amount in order to continue your direct deposit application.

Step 4:  Upload Documents

Upload Bank Statement: You will need to upload a copy of your commercial/business bank account statement.  You may not use a personal bank account for direct deposit.

Upload Proof of Federal EIN:  You will need to upload documentation confirming your 9-digit business federal employee identification number. 

Step 5: Application Acknowledgement

Check the box to affirm you have the authority to submit your business direct deposit application.

Once you have submitted your direct deposit application, our underwriting team will review the information you have submitted within 10 business days.  Realistically, you will hear from us sooner to confirm your approval for direct deposit.  If you have questions, please email directdeposit@patriotsoftware.com.

 

Once you have been approved, you will need to add your employee direct deposit account information on their records, and begin to run payrolls.  

See the help articles:

Direct Deposit Funding and Timing Options
Adding Employee Direct Deposit Info in Patriot Software   
Using Direct Deposit in a Payroll

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