Spend Less and Grow Your Business
Direct Deposit transfers funds electronically from a business account directly to an employee’s account. By enrolling employees, shareholders, or retirees, you eliminate manual check preparation and record keeping.
Direct Deposit for Business
Direct Deposit frees up time, money and energy to grow your business. Quickly and easily process payroll, while ensuring your cash flow remains consistent and easy to forecast. Whether your business is large or small, electronic transactions increase efficiencies, cost savings and safe transactions.
With Direct Deposit, you can process payroll quickly—even on the same day—allowing for fast reconciliation of any errors and ensuring accurate pay for hourly employees. Regardless of your size – whether you are a 10-person operation or smaller, or a business of more than 100 employees – you can gain from Direct Deposit’s advantages.
Increase Savings for You and Your Employees
Because Direct Deposit eliminates manual check preparation, you save on everything from postage and mailing supplies to staff time and resources. It also can help your employees save: With convenient Split Deposit, they can direct a fixed amount or percentage of their pay into a savings or investment account to help build savings. As the single biggest influence on employees’ use of Direct Deposit, businesses can play a key role in supporting employee financial health.
Build Employee Satisfaction
By offering Direct Deposit as part of your employee benefits offerings, you can help boost employee satisfaction.
Direct Deposit transactions are safe: Unlike a paper check, which passes through many hands, account numbers remain confidential. You also can consult with your financial institution or payroll provider to learn about additional sound business practices to protect sensitive data.
Direct Payment for Business
Direct Payment can be used to make and receive payments. With Direct Payment, you can simplify the payment process for you and your customers, and free up time, money and energy to grow your business.
Good for You; Good for Customers
By implementing Direct Payment in your business, you can automate your accounts payables by making electronic payments to your vendors and service providers. This can allow for better cash flow management and easier reconciliation and reporting.
Additionally, you can use Direct Payment to collect payments from your customers electronically: This saves administrative costs, enables more accurate budgeting, and provides your customers with safe, cost-effective and timely payment options.
Keep Your Business Transactions Secure
Your Direct Payment transactions are safe: Because money is transferred directly between accounts. Direct Payment is a secure method of sending and receiving electronic payments that reduces the risk of fraud and identity theft.
Nacha's ACH Quick Start is a tool for your business to learn how to pay or get paid by other businesses electronically via ACH.
Paying supplier invoices, bills and other business expenses via ACH, as well as getting paid via ACH for the goods and services you sell ― instead of by check ― is safe, reliable and will save your business time and money.
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