How can I split my direct deposit through my employer?
You can split your direct deposit between two bank accounts directly in the app using the Split Direct Deposit feature. To help you understand where your paycheck will go on payday, we’ve introduced a new setting called Direct Deposit. Here, you can update your direct deposit location(s).
You can also update your Automatic Savings, now renamed Split Direct Deposit. This allows you to send a portion of your remainder pay to a separate bank account on payday. We aim to help you take advantage of this feature and achieve your savings goals.
The functionality of DailyPay on payday remains unchanged.
When Split Direct Deposit is enabled, the earnings you choose to set aside as Savings are not included in your available earnings balance, but instead are reserved to be sent to a second bank account on payday, other than your primary bank account.
The rest of your paycheck goes to your designated primary bank account on file, as per normal DailyPay process.
Check out this article to learn more about Split Direct Deposit.