What bank details do employers need?

If you’ve recently begun a new job or opened a new bank account, you’ll want to make sure your salary is correctly deposited into your bank account.

Here’s what you need to do.

Before you’re paid

Depending on your employer, you may have to fill out a direct deposit authorization form or contact the person who manages your payroll. You’ll need to give them:

You may also need to attach a voided check or deposit slip.

Typically, you have to choose a deposit amount if the form has the option to split money between several accounts. For example, 80% into a checking account and 20% into a savings account.

If you’re an HSBC customer, you can find these details through online banking and mobile banking.

It’s worth getting in touch with the person that manages your payroll several days before you’re due to get paid to make sure they have the correct details on file.

After you’re paid

You can see whether your pay has gone into your account, and how much, by checking your account online or through your mobile banking app.

It’s also a good idea to check your pay slip to make sure the amount matches the amount you received and that you’ve got the correct withholding status.

If anything doesn’t look right, get in touch with either your employer, your bank, or both.