Your clients have the option to route their direct deposit to their Currence account. Setting up direct deposit, government benefits, or pension payments to their Currence Reservoir account is a straightforward process. Here's a step-by-step guide to help them through it:
Access Control Panel: Begin by opening your Currence mobile app and entering the Control Panel.
Navigate to My Cash Flow Structure: Within the Control Panel, find and select My Cash Flow Structure from the options provided.
Choose Direct Deposit: Click on Direct Deposit.
Add a New Direct Deposit: To add a new direct deposit, you have two options:
Automated Setup via Atomic: You can opt for an automated setup through Atomic. Currence utilizes Atomic to seamlessly connect your Currence account to your payroll provider. Search for your payroll provider and follow the prompts.
Manual Setup: Alternatively, you can choose to set up direct deposit manually. This typically involves providing your employer, HR department, or payroll provider with a bank verification letter from Currence. They will then make the necessary adjustments to route your payments to your Currence Reservoir. You can retrieve your bank verification from within your Profile. If your employer/payroll provider requires a more robust or signed version of the bank letter, one can be requested, just message us from within your Currence app!
By following these steps, your clients can easily set up their direct deposit, government benefits, or pension payments to be deposited directly into their Currence account, providing you with added convenience and control over their finances.
Currence accounts are classified as checking accounts for banking purposes, even though they are primarily designed for savings. This classification is crucial when filling out forms for direct deposits or incoming transfers, as you should always select "checking" as the account type.