Glossary of Check-initiated Payments

For each approved payroll, Check will initiate one debit payment from the employer's bank account that encompasses the amount for employee pay (excluding manual payments), post-tax deductions managed by Check, and all payroll taxes.

Outside of debit payments to fund payrolls, employers may see other types of collections and refunds.

Bank codes related to payments initiated by Check

For each payment type, employers will see the Partner name followed by the three-letter code.

Code	Payment Type
PCR	Cash requirements debited from employers to fund payrolls
PAY	Payments sent to employees for earnings
CON	Payments sent to contractors for earnings
PTD	Payments sent for post-tax deductions
TRM	Refunds sent to employers for termination of payroll services
TAX	Taxes collected from employers at Quarter-end when the amount owed is greater
TAX	Taxes refunded to employers at Quarter-end when the amount owed is lesser
MQC	Taxes collected from employers who switch payroll providers mid-year
AFR	Taxes refunded to employers when filings are not successful due to incomplete tax IDs
VPR	Taxes refunded to employers due to voided payrolls
RFD	Refunds sent to employers for overpayment
COL	Collection debited from employers for underpayment
PRENOTE	Prenote for validating bank account information