Managing Your Direct Deposit Accounts

Get the most out of your paycheck by setting up multiple accounts through direct deposit. Here's how it works:
Sarah's entire paycheck (after taxes and deductions) currently goes into her checking account with Bank of America. Sarah wants to help her son save for a car, so she sets up an additional account through payroll's direct deposit option and elects to contribute a set amount of $100 every time she gets paid. Sarah has the option to choose to elect that deduction in a percentage amount as well.

What's Next?
Sarah logs into her account on ess.nslijweb.com, goes into the personal information section, then finds the direct deposit tab under payroll and compensation.
Sarah's direct deposit information pops up - which will show her current checking account, routing and account number, deposit type, amount, and deposit order. She chooses $100 to savings and the balance to her checking. At the bottom of this screen is a button "add account". Here she can add her bank information (whatever bank she has an account with), authorize and submit. 

Where'd Her Money Go?
Sarah makes $2,000 per paycheck. With her second account set up as a savings account - $100 goes into her designated account for her son and the remaining "balance" of $1,900 goes into her general checking account with Bank of America. Sounds straight forward - right?

Keeping Going
Sarah uses her personal credit card to by office supplies and spends $200 at Staples. She submits her receipt to Accounts Payable and is reimbursed through direct deposit 6 to 8 weeks later. $100 goes to her savings account and $100 goes to her checking account. She questions where is my full reimbursement when looking at her checking account statement - she forgets her extra account is designated through Accounts Payable in addition to Payroll.

More
If she spent $101 at Staples - $100 would go to her savings account and the "balance" of $1 to her checking. That's because under the "Deposit Type" tab in the Direct Deposit setup she designates her checking as the "balance" account.

Hope this rather lengthy explanation helps you understand a bit more about how to manage multiple accounts in your direct deposit. Happy saving!