Square Payroll: Team Members can now split their direct deposit between two different bank accounts

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Hi Seller Community!

I’m excited to announce that team members paid through Square Payroll can now opt to split their direct deposit paycheck between two different bank accounts. This feature is available to both W-2 employees and 1099 contractors. We recommend sharing this resource with your team members so they can select their preference.

I am a team member. How does this feature work?

1. Team members will need to log into their Square Payroll employee dashboard and navigate to the Linked account tab. If you are using the Team App, tap More >  Linked accounts.
2. Click Add account to add your bank account type, account holder name, account number, and routing number.
3. Press Save. 

Next, you can choose how you to split your paycheck between your accounts:

1. From your Square Payroll employee dashboard,  navigate to the Deposits & transfers tab. If you are using the Team App,  tap More >  Deposits & transfers.
2. Select Change next to Deposit destination and toggle on Split direct deposit. 
3. Indicate the linked account you wish to split your paycheck to and the percentage of your net pay you want routed to your second bank account. 
4. Press Save.

Keep in mind: 

• The maximum number of bank accounts you can send your paycheck to is two. Any changes to direct deposit will not impact the current pay period and will go into effect in the following pay cycle. 
• The ability to split your paycheck between a bank account and your Cash App is not available at this time

You can learn more about how to split your paycheck in your team member dashboard or on the Team App in our Support Center. Let us know if you have any questions below!