Configure a Funding Bank Account for Canadian Payroll

In Dayforce, you can add the bank account that you use to pay your Canadian employees via direct deposit. For an overview about funding Canadian payroll, see Funding Canadian Payroll.

Role feature access: Org Setup > Org Setup > Org Payroll Setup > Legal Entity

You must set up a default bank account, and add additional bank accounts if needed. Each account is identified by its unique payroll service identifier (PSID).

To identify a bank account to use for Canadian payroll:

1. Go to Org Setup > Org Payroll Setup > Legal Entity and select your Canadian legal entity.
2. Click the Customer Funding Identifiers tab.
3. Click Add.
4. If you are setting up an additional bank account, make sure the checkbox in the Is Default column is cleared.
5. If you are setting up a default bank account, select the checkbox in the Is Default column.
5. Enter a name, description, and reference code.
6. In the Funding Identifier field, enter the bank account's unique PSID.
7. In the Effective Start field, enter a date when the funding identifier becomes active.
8. In the Bank Account Setting section for the selected funding identifier, click Add.
9. Enter a name and, optionally, a description for the bank account.
10. In the Effective Start field, enter a date when the bank account becomes active.
11. In the Payroll Check and Direct Deposit tab for the selected bank account setting, select Customer in the Direct Deposit Payment drop-down list.
12. Note: If you do not see the pane that contains the Payroll Check and Direct Deposit tab, the panel might be minimized and hidden onscreen. To expand the pane, mouse-over the top edge of the pane to show the handle icon . Click and drag the handle to adjust the size of the pane.
12. Select the bank account you want to use in the Customer Bank Account for Direct Deposit Payment drop-down list. The bank accounts in the list are set up in Payroll Setup > Bank Accounts.
13. In the System Fields section, select the options that apply to the bank account. See the reference table below for more information.
14. In the Customer Bank Transfer Fields section, enter the required information in the Originators ID and Destination Data Center fields. See the reference table below for more information.
15. Click Save.

You are now ready to start processing pay runs and pay employees.

Also see Overriding Customer Funding Identifiers in Canadian Legal Entities.

System Fields Reference

Checkbox options in the System Fields section

Checkbox	Description
Override Legal Entity Name	Allows you to use another name for the legal entity in the transactions sent to Dayforce Link or the customer bank. Whether this override is required is determined by the bank’s entry in the Certified Bank Listing or by Dayforce Link. When you select the checkbox, enter the new name in the Legal Entity Name field.
Suppress Employee Name in Direct Deposit File	Replaces the employee names in the electronic funds transfer and Dayforce Direct Deposit files with the text "Employee Name".

Customer Bank Transfer Fields Reference

Fields in the Customer Bank Transfer Fields section

Field	Description
Require Balancing Record	The Electronic Fund Transfer (EFT) file includes a balancing record (a debit record with total amounts for all of the credit details in the direct deposits.)
CAN EFT Recipient ID	An identification ID provided by Dayforce Link that identifies where the fund transfers are processed. This field supports up to eight alphanumeric characters.
Company Identification Prefix	The prefix provided by Dayforce Link from the customer’s bank. This field only supports a single alphanumeric character
Originators ID	An identification ID issued by the financial institution to your organization when the bank account is approved for direct deposit transfers. This field supports up to ten alphanumeric characters.
Destination Data Center	A unique code issued by the financial institution that identifies the destination of the direct deposit file. This field supports up to five alphanumeric characters.