If your employer uses Paylocity for payroll, you should not be just guessing about when your paycheck will land in your bank account. Instead, you should have a proper understanding of how long does Paylocity take to direct deposit, know what the general timeframes are, and what factors influence it.
The usual time it takes for Paylocity HR and Payroll to process direct deposits is one to two days, but it can vary. Knowing the things we are about to share in this article will help you understand what affects this timeframe and what you can do in case there’s a delay.
There are three stages involved in the payroll process – each with its own timeframe. Understand them, and you’ll have a better idea of when to expect your paycheck to arrive.
- Direct Deposit Setup: It’s the process where an organization sets up a direct deposit for their employees and requires details like account number and routing number. Setting up and activating a direct deposit is a one-time process that takes seven to ten days
- Payroll Processing: Once the direct deposit is set up and activated, the organization begins processing the payroll. This includes calculating employee hours, overtime, taxes, benefits, and deductions. The process can take anywhere from a couple of hours to a week, depending on the number of employees a business has
- Bank Processing: After the calculations are done, the payroll is submitted to the respective bank, which then forwards it using the Automated Clearing House (ACH) network. This process takes one to two business days
Considering the timeframes involved, it typically takes around fifteen days to process a direct deposit for the first time. However, if you have received your salary via Paylocity before, you should receive it in a maximum of two days after your employer has submitted it.
Financial transactions are more complex than we think, and a lot can go wrong, which can lead to delays. That’s why, instead of stressing, you should do the following:
- Check the banking details you’ve provided to ensure there’s no mistake from your side
- Know the maximum timeframe for the transaction and wait for it
- Contact your human resources (HR) department to inquire about any issues they are facing
- Ask your bank if they have encountered any technical issues on their end. Your bank should also be able to help you locate the funds if needed
To conclude, Paylocity processes direct deposits in two days. That means if your paycheck is due on the 30th of every month, your employer needs to submit the payroll details on the 28th in order for you to receive your salary in time.