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What is a pre-note?

pre-note
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What is a pre-note?

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A pre-note is a zero-dollar test transaction initiated electronically to your bank account when your account information is initially set up by OSC. A pre-note confirms that OSC has entered your account information correctly.

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A pre-note is a zero dollar transaction sent to the company’s account and the employee’s account. This test assures Sage Software and the Peachtree Direct Deposit customer that all account and routing information is correct. Sage Software requires a pre-note for each company account and each employee account.

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A pre-note is a wire transaction in which your name, social security number, checking/savings account number and bank routing number are verified with your banking institution. A pre-note is required on all new direct deposit requests in order to authorize the posting of direct deposits to your account. After I sign up, when does direct deposit start? Once the pre-note is verified (usually the first pay period following application), direct deposit will begin with the next scheduled pay period. What if I think my net pay is incorrect? If you have any questions concerning your pay, please contact the Payroll Department as soon as possible. What happens when payday falls on a holiday? If a payday falls on either a banking holiday or Augusta State University scheduled holiday all direct deposits will be effective the day before. The effective date of your direct deposit is always the same date that is printed on the pay advice. How do I change financial institutions or account after I am

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