Skip to main content

 

 

YOURPEOPLE, INC.

Why do I need to upload a voided check for Zenefits payroll setup

For Administrators and Employees

Zenefits Payroll wants to eliminate any potential for misused or incorrectly entered banking information, and relies on a two-step process to verify your payroll bank account. The voided check helps to confirm that you're the owner of the account you've provided. In order to comply with banking regulations, Know Your Business (KYB) and Know your Customer (KYC) requirements have to be validated. We do this to ensure fraudsters have not gained access to your information, as well as, to validate the bank account information we have on file.

Using the copy of a voided business check (or bank statement, if you would prefer not to use a voided check, or don't have paper corporate checks) that you provide for that account, Zenefits Payroll can:

  • confirm that it's a business checking account (not a personal one), and that you're the owner on the account.
  • verify that the routing and account numbers you provide are valid and for your account.
  • ensure that the voided check/bank documentation address matches an address in Zenefits.
  • Was this article helpful?