Settlement is an automatic process. Repayments are taken from your paycheck before your remaining pay is distributed to your chosen bank accounts

• Automatic Deduction: On payday, myFlexPay automatically deducts the total amount you transferred (plus fees) from your paycheck. This payment election appears in your Payment Information, on your Workday payslips.  

• Savings Account Contributions: If you have set up a a savings account, any amounts you chose to save will also be deducted at this time. This payment election will be included in the overall deduction amount to myFlexPay, each payday.  

• Payday Deposit: Once your early transfers are repaid, the rest of your paycheck is deposited into your bank account as usual.

• Carry Over: If your paycheck doesn't cover the full amount of your transfers, the remaining balance will carry over and be deducted from your next paycheck.

Example Settlement:

• Net Paycheck: $500

• Early Transfers: -$100

• Transfer Fees: -$3.29

• Save Account Contribution: -$20

• Payday Deposit: $376.71

• Carried Over: $0