Step by Step Guide to Modify Direct Deposit Payroll Bank Account in QuickBooks

Direct deposit is the most helpful approach for Payroll Bank Account in QuickBooks to pay your employees with various advantages like paperless transaction, same day deposit, and there is no compelling reason to visit the bank. In the event that you are a QuickBooks client utilizing payroll direct deposit to pay your employees at that point on occasion, you may have to change the bank account from which the assets are deducted to pay your employees. With QuickBooks Desktop Payroll Enhanced, Standard, or Basic version, you can rapidly change the bank account by following a straightforward four-venture strategy that we have referenced in our article. Simply follow the total article and figure out how to change the direct deposit bank account in QuickBooks.

Steps to Change Direct Deposit for Payroll Bank Account in QuickBooks

Prior to changing the direct deposit bank account in QuickBooks, ensure that you have a functioning QuickBooks payroll subscription, direct deposit PIN that you use to run payroll, and most updated payroll tax tables. In the event that you are having any issues updating payroll, at that point you can follow our article on Fix QuickBooks Payroll Update Error 15270 for definite investigating guidelines.

Stage 1: Create a New Bank Account

1. Under the Lists tab, select Charts of Accounts.
2. Click Accounts and hit New.
3. Click Bank and press the Continue button.
4. Now type in your bank account data.
5. Click Save and Close.

When the new account is set up, you should update a similar data under the Account Maintenance part of QuickBooks.

Stage 2: Input the Account Information under the QuickBooks Account Maintenance Section

1. Open QuickBooks, and under the Employees tab select My Payroll Service.
2. Select Accounts/Billing Information and afterward enter your login accreditations to sign in into your Intuit® Account.
3. Now pick the Bank Account Information under the Direct Deposit window and click OK on the popup window.
4. Type your PIN and hit Submit
5. Now type in the data of your new bank account and click Submit.
6. Click Continue on the affirmation window.
7. Now pick the bank account in which you need to get the assets back from Intuit®.

Stage 3: Select the Bank Account for Direct Deposit and Fee Deduction

1. Under the Employees tab, click Send Payroll Data.
2. Pick Preferences under the Send/Receive Data Section.
3. Click the drop down rundown and select the new bank account in the Account Preferences window.
4. Click OK and afterward hit Close under the Send/Receive Data window.

Stage 4: Turn On the New Direct Deposit Bank Account

1. To check the new bank account, QuickBooks pulls out 2 limited quantities from your bank account that you need to enter in the Account Maintenance Page.
2. Click the Employees tab and afterward select My Payroll Services.
3. Click Account/Billing Information and afterward enter your login certifications to sign in into the payroll account.
4. Hit Verify other than the Direct Deposit Bank Account data and type in the 2 sums charged from your bank account.
5. Type the Payroll PIN and hit Submit.

NOTE: You can likewise update the bank account data by presenting a structure to Intuit®. Download the Bank Account Update Form and email it to [email protected] or send it to 877-699-8996 through fax. Recollect that sending the structure through fax takes more time to process and you may need to pay your employees with paper checks if the data isn't updated on your account.

Conclusion

Changing direct deposit or payroll bank account starting with one bank then onto the next is very agreeable in QuickBooks on the off chance that you know the right strategy nonetheless, it may take up to two business days for the process to finish. On the off chance that on the off chance that you are confronting any difficulty changing the direct deposit bank account in QuickBooks then you can generally contact us at our Payroll Helpline Number