Adding/Updating Direct Deposit Information

As an employee you are responsible for ensuring your direct deposit information is up-to-date.  This ensures that your net pay is deposited to the correct bank account.

Providing your direct deposit information means:

  • You do not need to come to HR to pick up your pay cheque
  • You do not have to worry about lost or stale dated cheques
  • You will receive your pay in your bank account on the payment date

How to add a direct deposit account in Workday

  1. Log into Workday using your University of Waterloo Identity and Access Management (WatIAM) user ID and password.
  2. Click on the Pay application and navigate to Payment Elections under Actions
  3. Click on Add if you are setting up your direct deposit information, or Edit if you want to update the information that currently exists.
  4. Enter or update your
    • Account Nickname (optional)
    • Account Type (Chequing or Savings)
    • Bank Name
    • Institution Number/Bank ID (3 digits)
    • Account Number (7-12 digits)
    • Branch ID (5 digits)
    Cheque example
  5. Click OK to save. Once the account has been added, you may use it to make payment elections.

IMPORTANT: Entering incorrect direct deposit information can result in a delay in receipt of your payment.  The University of Waterloo is not liable for any misdirected funds where payment was deposited based on inaccurate or incomplete information provided by an employee.