Compete with the “big guys” – Offer Payroll Direct Deposit to your employees.
American employees spend anywhere from eight-and-a-half to 24 hours each year running to the bank to deposit their paychecks. The cost to employers is between $3 and 5 billion annually in lost productivity.
With direct deposit, employees will still receive a pay stub detailing their net pay and deductions. Also, money is automatically and safely deposited into their personal accounts, with no fear of them being misplaced, stolen or damaged. Their money will be there even if they are not. Your employees will love you for it.
Direct deposit is one of the most popular and cheapest of the benefits requested by employees.
Many businesses are struggling to find ways to cut costs. Direct Deposit service can save as much as 50% of payroll and administrative costs.
HOW YOU ASK?
Direct Deposit is a three-step operation:
- you create the direct deposit batch using the EFT for Windows Software
- you transmit it to us via secure internet connection or modem for processing
- you provide your employees with a pay stub on payday.
IT’S THAT SIMPLE.