The safe, reliable way to get all your employees on direct deposit.
Payroll checks are the most commonly used transaction to perpetrate a fraud. Direct deposit of payroll eliminates the paper, and therefore, the opportunity for fraud.
Employees are provided with their pay stubs detailing tax withholdings and other pertinent payroll information
Employee pay is processed directly into their banking account of choice
Direct Deposit files are submitted two business days prior to the effective payroll date and the bank ensures that payroll is met by placing a hold on your account balance of equal value until the payroll is processed
These balances are included in your average daily collected balance that offsets the fee for the package services
Eliminates the need to reissue checks, place stop payments and perform reconciliation
Your employees receive instant gratification on paydays versus having to go to the bank and wait for the item to clear or possibly pay a fee to cash the check