|This article is for Drake Accounting 2018. To view this article for Drake Accounting 2019, click here.|
Enter direct deposit information for the employee on the Direct Deposit tab.
Be sure that each field with aicon is completed, as these are required entries.
|See "Direct Deposit Overview" for more information about setting up and transmitting direct deposit.|
Kotapay (formerly InterceptEFT) is Drake’s agent for direct deposit.
You must call them (866) 431-9926 and establish your account prior to using the Direct Deposit feature.
Drake has established a special fee schedule with Kotapay for our clients.
It’s important that you identify yourself as a Drake client whenever you communicate with Kotapay.
If the direct deposit will be split between two accounts at the same bank, enter the bank routing number select the Use Same Routing Number check box.
The Checking Routing Number will be automatically entered into the Savings Routing Number field.
Savings Routing Number
Enter the routing number for the bank where the employee’s savings account (or second checking account) is located.
Reenter the routing number in the Retype Bank Routing Number field.
If this account is at the same bank as the checking account used above, select Use Same Routing Number to fill the Savings Routing Number field with the same routing number used for the checking account.
Savings Account Number
Enter the employee’s savings account number for the direct deposit.
If the deposit is to be split between two checking accounts, enter the second checking account information here.
Reenter the account number in the Retype Savings Account Number field.
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