Update your financial details – Employee Portal

Where can I update my bank and other financial details?

When your circumstances change, you can quickly and easily update your financial details on hand from your Employee App or Portal.

Details that can be updated from the Financial Details page include:

Updating your primary bank account and adding additional accounts to split your pay.
Superannuation, including Super Salary Sacrifice.
Paying additional tax.
A list of all your current and historical deductions.

If you are looking for information on how to update your ATO/ TFN declaration details, please refer to our article on Edit your ATO Documents.

Locate your financial details

When managing your financial details, it’s really important to ensure that everything is in order so that you get paid correctly and on time.

Staying organised with your finances can make a huge difference, giving you peace of mind and helping you avoid any hiccups when receiving your pay.

To update your financial details:

Navigate to the main menu, then select View Profile.
Select Financial Details.
From the Financial Details page, you can update a range of details. We will look at each of them in the sections below.

Note: When updating any confidential details from your profile, as part of ATO requirements, you will be required to verify your identity using a verification code. If the verification code is not entered within 5 minutes, it will expire, and a new code will be required to be sent.

Bank accounts

You can easily edit your existing account details whenever necessary or add any additional accounts to split your financial activities effectively.

To edit your primary bank account for your pay:

Enter the new Account Name, BSB and Account Number.
Scroll to the bottom and select Update.

Additional accounts can be added so that your pay can automatically be split into multiple accounts. This may be beneficial if you want to split your pay between savings and your everyday account or budget for fortnightly pay.

To add additional bank accounts:

Select + Add the primary bank account details right below. Enter the details of your secondary bank account (Account Name, BSB and Account Number).
In the Account Amount column, select either:
- A specific amount ($) - The total amount to be sent to your additional account.
- A percentage (%) - The percentage of your pay to be sent to your additional account.

Note: The funds in your additional account will be taken first, and any remaining pay will be sent to your primary account.

For example, if your pay is $200, and you have set up an additional account to receive $75.

This means $75 will be paid to your additional account, and the remaining $125 will be paid to your primary account.

Additional tax

You also have the ability to pay additional tax each pay period.

This could be for personal reasons such as 'forced' savings at tax time or due to an external payment to prevent having a tax bill.

Note: All amounts are reported to the tax office, and your bill/refund will be determined by the Australian Tax Office (ATO).

Superannuation and contributions

You can update your super fund details and set up additional contributions, whether you've switched funds, had a provider change, or just want to grow your retirement savings a little faster. foundU makes it easy to keep everything up to date.

Note: If you or your employer update your superannuation details, you may receive a Call-to-Action card on your profile notifying you of the change. If you receive this notification, select the card and review the details to ensure they are correct.

For full step-by-step instructions, check out our dedicated article Understand and manage your superannuation.

Deductions

If your employer has assigned you a deduction, you'll be able to see this at the bottom of this menu.

From this menu, you will be able to see:

Deduction - The name of the deduction.
Method - What type of deduction it is, this can either be:
- One-off - Deduction that occurs once.
- Instalments - An ongoing deduction that ends once a repayment amount is reached.
- Recurring - An ongoing deduction without an end.
Start - Date the deduction starts.
End - How many pay periods until the deduction ends.
Per pay - Amount to be deducted per pay period.
Total - The total amount to be repaid.

Contact: If you have any questions about your pay or deductions, please speak with your manager, as deductions are 'view only' from this menu.

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