Funding Payroll via Wire Transfer

Wire transfers offer a solution for time-sensitive payroll situations, such as missed processing deadlines or failed company debits (e.g., Non-Sufficient Funds - NSF). This method allows for expedited payroll funding. This article reviews important considerations when funding a payroll via wire transfer and how to get started. 

Critical Considerations:

• Exact Amount Required: The wire transfer amount must precisely match the total payroll amount. Discrepancies will lead to reconciliation issues and potential delays.
• Accurate Account Details: Use the unique routing and account details provided by our support team and Check (our payroll processor). Incorrect details can result in lost funds.
• Irrevocability: Wire transfers are initiated by the employer and cannot be reversed. Verify all details before sending to mitigate risks like errors or fraud.
• Additional Fee: Wire transfers incur an extra fee.
  • Learn more about 7shifts Payroll additional fees.
• 24-Hour Window: The wire transfer MUST be sent within 24 hours of receiving the wire request details. Wires outside this window will not be automatically reconciled.

How It Works:

1. Contact 7shifts Support: Reach out to our support team to initiate the wire transfer process.
2. Coordinate with Your Bank: Use the unique routing and account details provided by our team and Check (our payroll processor) to send the exact payroll amount via wire.
   • Important: The wire transfer MUST be sent within 24 hours of receiving the wire request details. Wires outside this window will not be automatically reconciled.