There are a few ways you can wire funds to Gusto—use the dropdowns below to learn more, or use CMD + F (or CTRL + F) to search for keywords throughout the article.
One-time wire transfers are different from setting up reverse wires in Gusto. If a one-time wire is an option, you'll be prompted about it at the beginning of the run payroll flow.
Once you submit a payroll, we'll provide wire instructions for you to use with your bank. If your wire doesn't meet the requirements below, we may not be able to receive it. If that happens, your team won't be paid on time.
Wire transfer requirements
Heads up: We'll add $5 per wire to your monthly invoice, and additional bank fees may apply.
If you haven’t set up reverse wire but you need to send a wire, you’ll need to initiate the wire transfer directly with your bank. We'll add $5 per wire to your monthly invoice, and additional bank fees may apply.
How to initiate the wire transfer directly with your bank
Gusto will prompt you at the begging of a payroll run if a one-time wire is an option.
Setting up a reverse wire with your bank authorizes Gusto to withdraw funds from your account by wire transfer (ongoing, versus one-time). 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.