To confirm, the direct deposit limits are based on the net amount that will be deposited into each employees' account, correct? As in, I should be referring to the net amount of the direct deposit when comparing that to the limits set for each employee/aggregate?

So, for example.. If I have one employee who is going to be paid $50k this pay period, but the direct deposit limit is $40k, and the employee has asked for $35k (ignoring all other taxes for sake of simplicity) to be withheld for fed taxes, would this be OK?  The direct deposit would only be for $15k, which is below the $40k limit