Rise has two financial options for employee payments
The below tutorial assumes you are changing an employee from Cheque to Direct Deposit, but the first three instructions would apply equally to changing a Direct Deposit to Cheque. For Cheques we require no additional information beyond the one setting (Payment Delivery Method is Cheque).
Once the primary bank account has been set up, you can specify a second or second and third account. Each additional account will allow you to portion off a dollar value or percentage of the pay into the additional account, and any remaining amounts after the calculations are complete will go to the primary account.
The bottom of a cheque always has all of the information we need to enter an employee's bank account information into the Rise system. Below we outline what the long string of numbers represents.
Look to the top right to find the Cheque Number. This number will also be at the start of the string of numbers at the bottom of the cheque. For our purposes, this is irrelevant information - you can cross it out or just keep this in mind.
The second portion of this string will be the Transit Number. This represents the branch this bank account is located at. It will be five digits. After entering this number into the Rise software, you can verify that the branch information we list matches the branch information on the cheque.
The third portion of this string will be the Route Number. This represents the bank this account is with and it will always be three digits. After entering this number into the Rise software, you can verify that the branch information we list matches the branch information on the cheque.
The final piece of information that we require for payroll is the Account Number. The account number varies in length. In general, if it isn't part of the cheque number, route number, or transit number, it is the account number. Some banks (e.g. TD Canada Trust) include part of the transit number in the account number again - include all of the information as it appears when entering it into Rise.