Multiple Direct Deposit Examples:

The following are examples illustrating how the distribution of net pay is affected by deposit order.  (You may also download this page in a printable pdf format.)

Assume that this employee receives \$1,000.01 of monthly net pay:

Scenario #1 –

Employee wants \$500 to go to a savings accounts and the rest to go to a checking account at the same institution:

 Deposit Order Transit # Account # Account Type Balance Account Amount % 1 073913755 555555 Savings (blank) \$500 0 2 073913755 66666 Checking √ 0 0

Result: \$500 will be deposited to Savings first.  The remaining \$500.01 net pay deposits to Checking.  If the net pay is under \$500 then the entire amount deposits to Savings.

Scenario #2 –

Employee wants to divide paycheck 50/50 by percentage between savings and checking accounts at different institutions:

 Deposit Order Transit # Account # Account Type Balance Account Amount % 1 273975098 555555 Savings (blank) 0 50% 2 073913755 66666 Checking √ 0 0

Result:  \$500.00 (50%) of net pay will be deposited to Savings first.  The remaining \$500.01 net pay will go to Checking.

Scenario #3 –

Employee wants to divide paycheck between three accounts by amount:  \$300 to savings, \$400 to checking, and the balance to a different  checking account.

 Deposit Order Transit # Account # Account Type Balance Account Amount % 1 273975098 555555 Savings (blank) \$300 0 2 073913755 66666 Checking (blank) \$400 0 3 073000545 98765432 Checking √ 0 0

Result:  \$300 will be deposited to Savings first, \$400 to the 66666 checking account next, and the remaining net pay will go to the Balance checking account last.  If this employee was paid \$625, the first \$300 deposits to savings and the remaining \$325 would go to the 66666 checking account.  Nothing would go to the balance account.

Scenario #4 –

Employee wants to divide paycheck among three accounts by amount and percentage:  \$300 to savings, 10% to checking, and the balance to a different  checking account.

 Deposit Order Transit # Account # Account Type Balance Account Amount % 1 273975098 555555 Savings (blank) \$300 0 2 073913755 66666 Checking (blank) 0 10 3 073000545 98765432 Checking √ 0 0

Result:  \$300 will be deposited to Savings first, 10% (\$100.00) of total net pay will go to the 66666 checking account, and the remaining net pay will go to the Balance account.

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