Setting up a reverse wire with your bank authorizes Gusto to withdraw funds from your account via wire transfer. If you’re running 2 day payroll, we may ask you to set up reverse wire to allow us to pay your team and your taxes on time.
Once you've turned on the reverse wire feature in Gusto, run payroll as normal—we'll let you know before each payroll submission if we're going to use a reverse wire to debit the bank account.
Before we can debit funds via reverse wire (drawdown), you have to set up a few things with your bank.
For more information on how to process reverse wire payrolls, click the dropdown below.
A reverse wire debit is a way for us to withdraw money from your bank account using a wire transfer. If you've been asked to set up reverse wire and were running next-day payroll, you'll be moved to 2-day payroll ongoing.
Please note, some banks do not support reverse wires, so this feature is not available for all customers.
How to activate the reverse wire feature
How to process a reverse wire payroll
Once you've activated the reverse wire feature in your account, navigate to the Payroll section and run payroll as normal. If we're going to use a reverse wire to debit your bank account, we'll notify you before you submit the payroll.
Cost of a reverse wire
Your bank may charge a fee for the reverse wire transfer, the fee amount varies by bank but is usually $15-$30. Contact your bank for exact pricing. Gusto is not responsible for any fee your bank charges.