Direct Deposit
Setting Up Direct Deposits
Please follow the directions below on how to properly set up your direct deposit for consignment payouts.
Important Note
Direct deposit will be referred to in this process as “SimpleACH.” SimpleACH is a component of SimpleConsign, the consignment software system we use at Transitional Design.
Please note
SimpleACH uses a secure third‑party payment processor, ensuring that neither Transitional Design nor SimpleConsign have access to your bank account information.
Direct Deposit FAQ
What are some of the benefits of using direct deposit?
- You’ll have faster access to your payouts. Although they will continue to be processed on the same schedule as before, you will no longer need to wait for a check to be mailed, deposited, and cleared by your bank.
- In addition, you will no longer need to make trips to the bank to deposit a check, nor will you risk incurring any check‑cashing fees from your financial institution.
- Environmentally friendly: This process eliminates the use of paper, ink, and envelopes.
Is there a fee to use direct deposit?
- Yes. The fee for this convenience service is $3.00 per transaction, which covers associated bank charges. By comparison, the processing fee for issuing and mailing a paper check is $5.00.
Is setting up a direct deposit mandatory?
- No, direct deposit is not mandatory. It is an optional service we provide to make payouts more convenient and efficient for our customers.
How long does it typically take for the funds to appear in my bank account?
- Typically, it will take 2 to 5 business days for your payout to appear in your bank account.
- Please note, there may be a delay if a bank holiday falls on or near our scheduled payout date.
How is a direct deposit more secure?
- Direct deposits eliminates the risk of checks being lost or stolen.
- Our consignment system uses a secure bank‑to‑bank payment platform called “Dwolla” to ensure that all digital transfers are protected.
Does anyone at Transitional Design have access to my bank information?
- No one at Transitional Design, nor any team members at SimpleConsign, can view or access your banking information.
- If you need to make any updates to your banking information—such as adding a new account or correcting an error in the account details—please note that only you are authorized to make these changes. Kindly follow the instructions provided above to complete the update.