Applies to: Accountant Partners
Required role: Partner admin. Staff users and client logins cannot see the Manage Expedited Direct Deposit page.
Expedited Direct Deposit lets accountant partners move their clients from standard 4-day direct deposit timing to faster 3-day or 2-day timing. Partner admins turn on Expedited Direct Deposit themselves from Settings > Manage Expedited Direct Deposit. You do not need to contact Partner Onboarding to turn on Expedited Direct Deposit.
Note: By offering Expedited Direct Deposit, your firm assumes financial risk when a client's direct deposit collection fails. You agree to the terms in the Advisor/Agency Subscription Agreement.
Already using Expedited Direct Deposit? Nothing changes for partners who already have Expedited Direct Deposit turned on. You can keep managing client timing on the Manage Expedited Direct Deposit page.
Overview: Steps to Turn On Expedited Direct Deposit
Complete Identity Verification and Beneficial Ownership Information (IDV/BOI) for your firm.
Accept the Expedited Direct Deposit terms on the Manage Expedited Direct Deposit page. Expedited Direct Deposit turns on right away.
Set each eligible client's direct deposit timing to 2-day, 3-day, or 4-day.
Optional: Request the 4-day rule exemption so new clients can use 2-day timing before their first 4-day direct deposit.
Step 1: Complete Identity Verification and Beneficial Ownership Information
Your firm must complete Identity Verification (IDV) and Beneficial Ownership Information (BOI — verification of each person who owns 25% or more of your firm, plus a signed certification) before you can turn on Expedited Direct Deposit. Until IDV/BOI is complete, the Manage Expedited Direct Deposit page is locked. The locked page shows what is still needed, and the client table is read-only.
Complete Identity Verification
Go to Partners > Overview > Verify Identity.
Follow the prompts to verify your identity.
Tip: If your photo ID is under review, no action is needed. You can continue to Beneficial Ownership Information once the review is complete.
Complete Beneficial Ownership Information
After Identity Verification is complete, finish Beneficial Ownership Information on the same verification page.
Add each owner with 25% or more ownership of your firm and verify each owner.
Check the certification box.
When Business Owner Verification is approved, the page shows the message "Your business owner verification has been approved!" with a link to Manage Expedited Direct Deposit.
If you open Settings > Manage Expedited Direct Deposit before IDV/BOI is complete, the banner at the top of the page tells you which step is still needed and links you to it.
Step 2: Accept the Expedited Direct Deposit Terms
Once your firm's IDV/BOI is complete, the Manage Expedited Direct Deposit page shows the Expedited Direct Deposit acknowledgment.
Go to Settings > Manage Expedited Direct Deposit.
Read the Expedited Direct Deposit terms.
Check the acknowledgment checkbox.
Leave the Request 2-day timing for new clients who have not yet completed a 4-day direct deposit payroll checkbox checked if you want to request the 4-day rule exemption (see Step 4). Uncheck it if you do not want to request the exemption now.
Click Accept.
Expedited Direct Deposit turns on immediately after you click Accept. The page reloads with the client table unlocked. You do not need to log out or wait for Partner Onboarding.
Step 3: Set Each Client's Direct Deposit Timing
After Expedited Direct Deposit is turned on, you can set direct deposit timing for each eligible client on the Manage Expedited Direct Deposit page. Your own firm also appears in the client list, so you can set your firm's timing too.
Go to Settings > Manage Expedited Direct Deposit.
Find the client in the client table.
Choose 2-Day, 3-Day, or 4-Day from the client's timing dropdown.
Click Save.
Which clients are eligible for expedited timing? A client is eligible for 2-day or 3-day timing after completing at least one successful standard 4-day direct deposit payroll. A client without a successful 4-day direct deposit payroll stays on 4-day timing unless your firm's 4-day rule exemption is approved (see Step 4).
Failed collections: If a client has a failed direct deposit or tax collection, Patriot automatically moves that client back to 4-day timing until the client meets the requirements for expedited timing again.
Step 4: Request the 4-Day Rule Exemption for New Clients (Optional)
By default, each client becomes eligible for 2-day direct deposit after one successful 4-day direct deposit. The 4-day rule exemption lets your new clients use 2-day timing before they complete a 4-day direct deposit payroll. Patriot's Risk team reviews every 4-day rule exemption request.
Option A: Request the exemption when you accept the terms
On the Expedited Direct Deposit acknowledgment, leave Request 2-day timing for new clients who have not yet completed a 4-day direct deposit payroll checked. This checkbox is checked by default.
Click Accept. Expedited Direct Deposit turns on and your exemption request is sent to Patriot's Risk team in one step.
Option B: Request the exemption later
Go to Settings > Manage Expedited Direct Deposit.
Find the card under the page header that explains the 4-day rule.
Click Request an exemption. The page reloads and shows your request as under review.
The Request an exemption button only appears if your firm has not already requested the 4-day rule exemption.
While your exemption request is pending
The Manage Expedited Direct Deposit page shows an "Exemption request under review" banner.
Existing clients who have completed at least one 4-day direct deposit can be updated to expedited timing now.
New clients show "Expedited timing available once exemption is approved" in the client table.
What Happens After Patriot Reviews Your 4-Day Rule Exemption
Your firm's main admin receives an email when Patriot's Risk team approves or denies the 4-day rule exemption request.
Exemption approved: You can manage direct deposit timing for all of your clients, including new clients who have not yet completed a 4-day direct deposit payroll. Go to Settings > Manage Expedited Direct Deposit to set client timing.
Exemption denied: Expedited Direct Deposit stays on for your firm. Each client becomes eligible for 2-day timing after one successful 4-day direct deposit payroll. Contact Patriot's Partners team if you want the exemption request reviewed again.
Need Help with Expedited Direct Deposit?
For more on how 2-day, 3-day, and 4-day timing affect collection and pay dates, see Direct Deposit Funding and Timing Options. For questions about Expedited Direct Deposit for your clients, contact the Partners team at 877-968-7147 Ext. 4, Opt. 2 or [email protected].