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How do I update my direct deposit information in Workday?

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In Workday, you can view or update your direct deposit information through the current payment elections section. You can specify how you would like your payroll payment and expense reimbursements distributed, including maintaining multiple bank accounts, changing routing information, and dividing your paycheck between multiple bank accounts.
 

To update your Direct Deposit information (Payment Elections)

1. On your Homepage, enter payment elections in the Search Bar and press Enter.Or click on your homepage Pay icon and select the payment elections in the actions area of the screen.
2. If you entered payment elections in the search bar, From the search results, under Tasks and Reports select the Payment Elections link.
3. Your current account information for your pay deposits will appear under Accounts.
4. (Optional) You can change or delete this account using one of the corresponding edit or remove buttons shown below.

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5. If you choose to change your account information, you will need to enter the following information:
  • Account Nickname (optional)
  • Account Type – Savings or Checking
  • Bank Name
  • Institution Number – a 3 digit number
  • Account Number – a long number normally 7 – 9 digits long
  • Branch ID – a 5 digit number
Note: You can find these numbers on your checks if you have a checking account, as shown below.
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6. When you have finished entering the account information, select OK to save your work.
7. (optional) To add another account, select Add Account and enter the information for that account as above.
 

To divide your pay across multiple accounts

Workday allows you to change your payment elections by dividing your pay between multiple bank accounts, if you choose.   You must have at least one bank account assigned to Payroll Payments and one to Expense Payments.

1. On your Homepage, enter payment elections in the Search Bar and press Enter.Or click on your homepage Pay icon and select the payment elections in the actions area of the screen.
2. If you entered payment elections in the search bar, from the search results, under Tasks and Reports select the Payment Elections link.
3. Toward the bottom of the page under Payment Elections, select Edit for the bank account you want to change or add for either Payroll Payments or Expense Payments.The bank account can be the same for both.

4. For Payroll payments, You can choose how you want your pay to be deposited between the available bank accounts:
  • Balance – your whole pay will be deposited in this account.
  • Amount – a dollar amount will go to this account
  • Percent – a percent of your pay will go to this account
Note: Pay attention to error messages to avoid problems such as assigning more than 100% of your pay to the accounts identified.

5. Select OK to save your changes.
6. Repeat steps 3 and 4 for each bank account you need to update.


Other helpful links: 

Related User Guide: Payment Elections (Direct Deposit)
Related Video: Set Up Payment Elections (Banking and Direct Deposit Information) VIDEO
Other User Guides: https://www.algonquincollege.com/workday/employee-self-service-user-guides/

 
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