Thinking About Direct Deposit?

Direct Deposit FAQ's

• How does direct deposit work?

  Money is electronically transferred from an employers’ bank account into individual employee accounts on the day pay is due.
  
  

• What are the benefits of direct deposit?

  No more hassle to sign payroll checks, no need to get to the bank “on time”, no more lost paychecks and money is always available on payday!
  
  

• Do all employees have to sign up?

  NO. You can have 1 or 100 employees with direct deposit. Not everyone has to sign up. Anyone that does not wish to have direct deposit will receive a check as normal.
  
  

• How many accounts can deposits be sent to?

  We can transfer deposits into as many as four accounts per employee.
  
  

• How secure are the transactions?

  The transactions are all done through a trusted third party processor of electronic funds transfers.
  
  

• What information will employers need to sign up?

  To sign up for direct deposit employers will need their federal ID number, the payroll bank account number and the routing number that the money will be withdrawn from. There are two forms that must be completed and signed by the employer that require the above information.
  
  

• What information will employees need to sign up?

  For employees to sign up they need the routing number and bank account number they would like their money deposited into. There is a form that must be completed and signed by the employee that requires the above information.
  
  

• Will changing to direct deposit affect my pay schedule?

  Your payroll schedule may change depending on your current schedule. We need 3 days between processing your payroll and your check date to send the EFT files. Contact your payroll specialist for more information on your pay schedule.
  
  

If you still have questions or are interested in signing up for direct deposit please feel free to contact us.