Submitting a request to pay a Bonus
1First, we need to know who is to receive a bonus.
2Next, for each person we need to know how much the bonus will be for each individual and whether it is a gross or net amount.An important distinction to make is whether the amount you are providing us is the gross amount (which means before taxes come out) or a net amount (which means after taxes come out).
3Next, we need to know when you would like to individual(s) to receive their bonus.Note: if the bonuses are to be direct deposited then we need the bonus information 2 banking days prior to the Bonus date to allow the banks to complete the ACH process.
4Finally, we need to know how you would like them to receive their bonus.1. Have they already received it and we are just recording it after the fact?
2. Do you wish them to receive a check from us?
3. Do you wish them to receive a direct deposit from us?
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