Payroll - Manual Bank Verification Process

Payroll Manual Bank Verification Process

Bank account verification is a crucial security step before processing payroll. While instant verification is available for many banks, some accounts require manual verification through micro-deposits.

Understanding Micro-Deposits

Micro-deposits are small test transactions sent to verify bank account ownership. This verification is required before EasyTeam Payroll can process any withdrawals for payroll and tax payments.

When Is Verification Required?

Bank verification occurs during the payroll onboarding process, immediately after entering bank account details.

How Verification Works

The process involves three small transactions:

• Two small deposits under $1 each

• One withdrawal that removes the deposited amount

These transactions typically appear in your account within 3 business days.

Completing Verification

➡️ Wait for the deposits to appear in your bank account.

➡️ Return to your employer onboarding dashboard.

➡️ Enter the exact amount of each deposit.

💡 Once the amounts are correctly entered, your bank account will be verified automatically.

Alternative Verification Methods

If you encounter issues with micro-deposits, you can verify your account by providing:

• A copy of your ID
• A voided check from the account

Please reach out to our support team at payroll@easyteam.com if you face any issues with automatic or manual bank account verification.

For faster setup, check if your bank supports instant verification during the 'Connect your bank account' step of onboarding. Read more at [EasyTeam Payroll - Setting Up Your Payroll Account](/en/article/easyteam-payroll-setting-up-your-payroll-account-kgxhyt/)

Updated on: 24/11/2024