Unique Bank Codes for Payment Types

Different payment types will now have unique transaction descriptions in employers’ bank statements, giving customers better visibility into their money movement. For example, employers will see the description "[Partner Payroll Name] TAX" as the description on their bank statements for upcoming Q2 variance collection and refund transactions. 

The full range of payment types and the associated descriptions is available in our Glossary. The Glossary will empower your Support teams to promptly address any inquiries from employers regarding payment types; additionally, we recommend sharing the glossary with your employers through another visible product surface for their convenience.

Stay tuned for additional enhancements as we make the payment experience at Check more simple and intuitive!

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