Direct Deposit Payroll
Direct Deposit Payroll enables businesses to originate ACH credit transactions to pay employees electronically. The benefits of direct deposit payroll are many, the largest of which is there are no checks to be lost or stolen. In addition, employees do not have to go to their bank to cash or deposit their check, which can often eat up their break time and encroach into business time as well. Check stock expense is reduced and efficiencies are gained by eliminating the time it takes to print and sign checks. Studies show that a business can save as much as $157 per employee each year with Direct Deposit Payroll. Direct Deposit Payroll is a desired employee benefit that can be delivered easily using our user-friendly internet cash management system, Business Smart Online. This program can also be used for other types of employee payments such as commissions/bonuses and expense reimbursements.