What do the direct deposit priorities mean?
Priority 1 is the first amount that will come out of your paycheck and be deposited into the first account. Any remaining pay will be distributed among the lower priorities. Your “remaining pay” account will always be your lowest priority. If you wish to have money deposited into each account every month and you do not assign amounts/percentages that are higher than your actual net pay, then the priorities do not matter. For example: Employee’s Net Pay: $1,000 • Priority 1: 100 dollars (monetary amount) • Priority 2: 10 percent (of total net pay) • Priority 3: remaining pay In the above example, $100 will be deducted from your pay and deposited into the first account. Then 10% of your total net pay ($100) will be deposited into your second account. The remaining pay ($800) will be deposited into the third account. *Note: If you switch the priority of 1 and 2, the pay would still be distributed the same ($100 into each account and remaining pay in the 3rd account). Examples where priori
