When Patriot moves money to or from a bank account, the description that appears on the bank statement depends on the type of transaction. Use the reference below to identify what each description means.
Employee and contractor payments: The description shows the employer’s DBA name (truncated to 16 characters), not Patriot. This is because the funds are coming from the employer, not from Patriot.
Collections from the employer: The description includes Patriot Software’s name because Patriot is the originator of the ACH debit and will be the temporary receiver of the money before distribution to employees.
Description Reference
Transaction type | Description shown on bank statement |
Penny verifications |
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Tax collections |
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Direct deposit collections from employer |
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Direct deposit prefund collections from employer |
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Direct deposit employee payments |
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Contractor direct deposit collections from employer |
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Wire variance collections and refunds |
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Also see: Setting up Direct Deposit in Payroll