Suggestion - Deposit Options - Multiple Accounts

Like Square, my employer offers direct deposit as a way to receive my paycheck each month. They also allow for several accounts to receive a potion (either % or Amount) of the direct deposit. This is all set-up ahead of time and easily updated only as necessary.

 

For example, I have 25% going to a savings account automatically, every time there is a direct deposit. My employeer allows 5 such direct deposit accounts to receive a portion of my pay.

 

For small businesses, this would be great. For example, I know approximately 7% of our income is actually just taxes we collect. It would be nice if I can have 7% of my deposits, automatically to a savings account specifically for the taxes we collect. The more options the better.

1,086 Views
Message 1 of 2
Report
1 REPLY 1
Admin

Hey there @lockedin! That is a great suggestion! Currently there aren't any foreseeable future plans on this. But we'll pass this feedback along to the appropriate teams. 

 

Thanks for your post! 

nika
Beta Community Manager, Square
Join the Beta Community
Evaluate | Influence | Engage


1,079 Views
Message 2 of 2
Report