Use instant bank verification (IBV) to connect your bank account

Instant bank verification (IBV) (through a third-party service called Plaid) allows you to bypass the test deposit step while connecting your company bank account to your Gusto account. 

This connection also allows Gusto to verify your bank account balance in real-time prior to funding payroll, which helps keep your company on a faster direct deposit speed, and avoid debit failure fees

We do not store your bank account’s username and password, and all of your bank credentials are encrypted.