What Is a Prenote?

 Photo Courtesy: Comstock Images/Getty Images

When you start working for a new employer, you usually have the option of selecting which method you want to receive your payment. For example, it could be through direct deposit or an actual, physical paycheck. Many people choose the former because of the convenience it offers.

If you decide to go the direct deposit route, there will likely be a necessary prenotification process. Also known as a "prenote", this is an essential part of payment verification that ensures you will receive your funds through direct deposits.