Payroll Discussion about the Direct Deposit Allocations and various important topics, studies, strategies, and general notes are discussed here.
Direct deposit allowances are a collection of information, discussion comments from a Reddit source.
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Direct Deposit Allocations
* * * UPDATE AT THE END * * * Hello everyone, I need help settling a debate. I explain to a friend how my wife’s direct deposit is divided. We get the first $ 300 deposited into Account A, while the rest goes into Account B (usually thousands of dollars).
On some occasions, my wife receives a separate bonus check of around $ 100. This amount is deposited into Account A because it is less than the set allowance of $ 300.
And that’s where my friend has a nervous breakdown. She believes that because we have designated that $ 300 goes to Account A, it should always be $ 300, no more, no less.
She thinks that because the check for $ 100 is not for $ 300, it should go to the remaining account. She firmly maintains that any deviation from what was supposed to be allocated is not allowed and that the company is not following “instructions”.
I believe the money is always deposited in the order of the preferred account “up to” the desired percentage or amount and then to the next account. Let’s say your allowances are Account A of $ 1,000, Account B of $ 600, and the remainder of Account C of $.
Now suppose your take-home pay was only $ 800 for a pay period. I guess that $ 800 goes into account A. His statement “I’m always right” is that the $ 800 goes into account C because he doesn’t follow the “instructions” from account A or B. Who has raison?
I know I am, lol, but I need confirmation from a professional. Thank you!
* * * UPDATE, IT WAS RIGHT! SORTING FROM * * *
So it turns out that his company uses a cloud-based service called Ultipro. If you search online, you will see how on the direct deposit screen they allow you to add accounts without any hierarchy or order preference. Phone fuel and truck.
I had to search for almost an hour through the FAQ pages of various companies that use Ultipro until I could finally find this on the Xerox website: *
Important information regarding the available balance: when you choose “Amount in dollars ”for one account and“ Available balance ”for the other account, make sure that the amount entered for“ Amount in dollars ”is less than your take-home pay.
If your take-home pay is less than the amount entered for “Amount in dollars”, then the entire payment is deposited into the account with the parameter “Available balance”.
* * Example: Employee Bobby Smith creates two direct deposit accounts. He selects “Dollar Amount” for his first account by entering $ 1000 as the deposit amount.
He then selects “Available balance” for his second account. But, since Bobby’s take-home pay is $ 998, no deposit is made to his first account, while the entire $ 998 is deposited to his second account. * Thanks to everyone who commented.
Hope this was a fun thinking exercise. The key to winning any debate is being able to present opposing points of view better than your opponent.
She’s too stubborn to admit she was wrong, but I can sleep well knowing that I was able to prove both sides effectively. Thanks again.
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This thread was originally published on 2021-02-24 14:38:29.
Employees, Customers, and any companies can make use of the Direct Deposit Allocations study which has a detailed view of the Direct deposit allowances with payroll procedures, process, and application.