Drawdown Update - Netchex

Important Change Information for Drawdown Clients – Action Required

Netchex is changing bank providers. Here’s what you need to know.

Effective August 1, 2022, we are very pleased to announce Netchex is partnering with Chase Bank to service all our client banking activity. Here’s ALL THE INFORMATION our clients need to know in order to ensure a quick and painless transition.        

Who this affects: 

Netchex client funding via drawdown wire

What are we doing:  

Netchex is switching to Chase Bank for all payroll functions.  

Your action needed: 

Notify your financial institution to authorize our new Chase account to process a drawdown for your payroll funding.  

Bank Name: CHASE BANK 

Account Number: 833930008  

Routing Number: 021000021  

ACH ID or Merchant ID: 9539775001  

Account Name: S&W Payroll 

Address: New York, New York 

Phone Number: 866-954-3718 

Deadline: 

Please contact your bank no later than July 28th, and email [email protected] once the setup is complete.  

Starting August 1, 2022 drawdown requests will be initiated with our new Chase Bank account. Contact [email protected] with any questions or concerns.

Important Netchex Resources: