There are different options available to fund your pays. This article investigates the benefits and drawbacks of using Manual Bank Transfers, Automatic Payments, and Direct Debits. It further investigates pay support options for your consideration.
Updated: May 2025
A bank transfer is an umbrella term for the electronic movement of funds from one bank account to another. You have three options to get funds from your business bank account to the Thankyou Payroll Trust account to fund your employee pays. Each one has different benefits, actions to make them work right, and rules.
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Remember: Regardless of how you choose to fund your pay, when money enters the Thankyou Payroll Trust account and tracked to your client account, it is applied to the next pay that needs to be funded on your dashboard. So make sure you've ordered these pay dates correctly to ensure your payroll runs smoothly. |
*You can't designate a deposit of funds to a specific pay number.
Knowing when to use which transfer option is key to paying your employees on time.
Let's break this down:
*Follow these links to find out How To Set Up Direct Debiting for your Payroll Account, and How To Use Direct Debiting To Fund a Pay.
Pay Support Options
These help you run your pays and cope with the repetitive, but also unforeseen situations that make payroll so interesting.
Let's look at these options and how to fund them:
*Click these links to find out How Pay Automation Works and How to Set this Up for Your Payroll.
This information is here to empower you - equipping you with confidence to stay on top of your pays when life happens. You've got this.