What does "deposit order" mean?

The term "deposit order" means the sequence in which the funds are deposited into each account when you want it into more than one bank account. For instance, you might have your paycheck split with a certain amount going into your savings account first, followed by the remaining amount deposited into your checking account.

You typically get to assign a priority number or order to each account. Lower numbers represent higher priority. The accounts are credited with the direct deposit according to their assigned priority. The account with the lowest number (highest priority) receives the funds first, followed by the next account in line, and so on. Any remaining balance after all the prioritized accounts are filled gets deposited into the account designated as the 'balance of net pay' account.

For example, if you have multiple accounts, you can set a deposit order from 1 to 999, where 1 would be the first account to receive funds, and 999 would be the last. This system allows you to automatically allocate your direct deposit according to your financial planning, ensuring that each account receives the appropriate amount of funds based on your preferences.