Including a Savings Transfer in Your Paycheck Series

Overview

If your employer splits your direct deposit between accounts—sending part of your paycheck to savings—you can include that transfer in your Paycheck Series.

This lets you:

Track both deposits accurately
Keep your Spending Plan clean
Automatically record the transfer each pay period

Once set up, both the checking deposit and savings transfer are created automatically when the Series matches a transaction.

How it Works

When you add a transfer as a split in your Paycheck Series, Quicken automatically creates:

A deposit reminder in your checking account (net pay after deductions and transfer)
A transfer reminder in your savings account

Each is tracked independently, so:

Your checking account shows exactly what was deposited
Your savings account shows the incoming transfer

No manual entry is required.

How Transfers Affect Your Spending Plan

Transfers between your own accounts are excluded from your Spending Plan and reports.

This prevents:

Inflated income totals
Distorted budget calculations

Your Spending Plan will show only the net deposit into checking—the amount available to spend.

Add a Savings Transfer to Your Splits

Follow the same steps used to set up paycheck splits.

When assigning splits:

Add your gross income and deductions as usual
Select + Split to add a new row
In Category, select your savings account (this creates a transfer)
Enter the transfer amount
Set the final Personal Income row to Overflow
Confirm Left to Split = $0.00
Select Continue, then Create or Update

Your savings transfer will now be included automatically in future paychecks.

Example

Maria is paid biweekly and automatically transfers part of her paycheck to savings.

Gross pay: $2,400.00

Category	Amount
Personal Income	+$2,400.00
Federal tax	$240.00
State tax	$96.00
Social Security	$148.80
Medicare	$34.80
Transfer: Joint Savings	$300.00
Personal Income (Overflow)	Overflow

Net deposit into checking (Series amount): $1,580.40

The math:
$2,400.00 − $818.60 (taxes/deductions) − $300.00 (transfer) = $1,580.40

Left to Split = $0.00 ✓

Quicken creates:

A $1,580.40 deposit in checking
A $300.00 transfer to savings

Maria’s Spending Plan reflects $1,580.40 (available to spend), while her savings account shows the $300.00 transfer.

Tips

Expect two reminders
You’ll see one for the checking deposit and one for the savings transfer. This is expected—not a duplicate.
Transfer amount changed?
Update the split amount to match your new direct deposit setup.
Multiple savings accounts?
Add multiple transfer rows—each creates its own reminder.
Using percentages?
If your employer splits by percentage, use a typical dollar amount and rely on Overflow to adjust for variations.
Transfer not appearing?
Confirm the split row is linked to the correct account and that the account is connected.