Method Two

Method two requires that more information be reported to the holder of the account to correctly process the automatic deposit. For example, an employee might want to deposit earnings into a credit union account, or pay a credit card balance directly through an automatic deposit. These organizations typically require that a reference number be attached to the transaction to ensure that it is posted to the correct account.

In instances in which payments are made to organizations that require only one reference number, you can use method two to create automatic deposit transactions. For each organization to which you want to deposit earnings, you must enter a bank transit code in UDC 06/BC. The code that you enter in this table should include the account number of the organization in the Description 2 column of the UDC table.

For example, if several employees want to make automatic deposit payments into accounts that are associated with Smith's Mortgage Company, New Zealand Mortgage, and United Visa, you could set up these codes in UDC 06/BC:

Code	Description	Description 2
(The value that you enter in the Bank Trnst No. field on the Automatic Bank Deposit Instruction form for the employee)	(The name of the organization)	(The full account number for the organization. This account number is the same for all of the employees who deposit funds into accounts associated with this organization.)
MG1	Smith's Mortgage Company	12345678901234567
MG2	New Zealand Mortgage	45612378909876541
VS1	United Visa	74185296374185296

After you set up the Bank Transit Codes in UDC 06/BC, you can then enter employee automatic deposit instructions for employees who want to deposit earnings into accounts that are held by these organizations.

You enter the employee's reference number that is associated with that banking organization in the Bank Account Number field on the Employee Auto Deposit Instructions form. You then enter the bank transit code that is associated with the organization in the Bank Trst No. field.

The example illustrates how you might set up automatic deposit instructions for an employee whose automatic deposit preferences require method two.

Employee A wants to deposit earnings into these accounts:

• 300 NZD into the employee's account that is held with United Visa.

• 900 NZD into the employee's account that is held with New Zealand Mortgage.

• The remainder of earnings should be deposited into the employee's standard checking account.

  To accommodate these deposits, you might set up these automatic deposit instructions for employee A:

  Bank Account	Bank Transit Number	Method Code	Transaction Code	Amount or Percent
  7854774	VS1	$	22	300.00
  87632522	MG2	$	22	900.00
  522632115	060287	R	22	Blank

  In this example, the system uses the employee-specific account reference numbers that you entered in the Bank Account fields, along with the organization's account number, which you entered in the Second Description column of UDC 06/BC, to create automatic deposit instructions that include the reference information that is required by each organization to which funds are being deposited.