In order to pay your employees, you'll need to have a designated bank account to withdraw funds for Payroll. The next step of the Get Started tab is adding a bank account:
- Click on Get Started on the left side, then click on Step 3: Setup Bank account
- You will be redirected and asked to add a bank account. Click on the Add Bank Account button on the right-hand side
- Use the drop-down menu to select the Bank name
- Continue entering the company banking information (be sure to review for accuracy)
- You will also be asked to agree to the Pre-Authorized Debit Plan Agreement (which allows us to move funds out of and into the account)
- Click Save
- To verify the banking information, A micro deposit will be sent to the account you have entered. It can take up to 3 business days for the deposit to appear in the account. Once you receive the micro deposit, log back into Knit and click on Get Started tab on the left side
- Click on Step 8: Verify Bank Account
- Click on the 3 action dots on the far right-hand side and select Verify Account
- Enter the amount of the micro deposit and click Verify
- Bank setup is now complete and Payroll funds can be processed through the account