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How do I sign up for Direct Deposit?

Kristen

There are two ways you can sign up for direct deposit. 

 

Set it up using Direct Deposit Switch 

This is the fastest and easiest way to move your direct deposit to CapWay. Simply sign into the app then:

  • Tap Account in the main menu at the bottom of your screen
  • Tap on “Add Funds"
  • Tap on "Direct Deposit"
  • Tap "Continue" when the popup appears.
  • Follow the steps, which include searching for your employer and entering the login credentials used to access your employer payroll portal. 
  • Then complete the remaining steps to indicate your preferences and update your direct deposit information with your employer.

Set up Direct Deposit with your employer:

 

Reach out to your employer (Human Resources department) and  provide them with your routing and account number which you can find in the app. Sign in, then:

  • Tap Account in main menu at bottom of screen
  • Tap on Virtual Card or choose Card Settings from the submenu under Account at the top of the page
  • You’ll be prompted to enter your 4-digit PIN (or create one if you haven’t already)
  • At the bottom of the Card Settings page, tap on Card Details

Then, simply toggle on the See Account Details option to view your account and routing numbers.

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The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. Account holders will be allowed to overdraw their account up to $25 on debit card purchases. Debit cards will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

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