Employees can easily set up direct deposit ACH authorization for flexible spending accounts and health reimbursement arrangements in MyEnroll.com. Direct Deposit is available for FSA/HRA participation regardless of whether an employer authorizes direct deposit for payroll purposes. ACH allows FSA/HRA reimbursements to automatically be deposited into an approved checking or savings account when claims are processed and reimbursed. Claims are processed every day and reimbursed each Tuesday. Instead of a check being mailed by USPS mail, the funds will be immediately deposited in the authorized account. This feature allows participants to receive reimbursement for eligible expenses quicker.
To set up direct deposit, employees simply login to www.MyEnroll.com. Once logged in, hover over the Employee tab and click on “Manage Direct Deposit (ACH)” under the "Flex Spending Accts." section. Click on the “Set up ACH” tab. Step-by-step instructions for authorizing banking information will be provided. Employees can also print a blank ACH authorization document, and mail or fax the completed form to BAS along with a copy of a cancelled check.
For more information or for help setting up your direct deposit, please contact BAS at 1-800-945-5513 or info@basusa.com.
