Premier Pay

Herring Bank Premier Pay can help you manage payroll distribution to your employees.

Struggling to achieve 100% employee direct deposit? With Premier Pay, even employees without a bank account can have their paychecks direct deposited!

As An Employer, Are You Unable To Achieve 100% Direct Deposit Due To Unbanked Employees?

  • Eliminate paper checks
  • Eliminate lost paychecks
  • Eliminate unproductive employee check cashing time
  • Paychecks can be paid to locations anywhere instantly
  • Can be used for expense and travel reimbursement
  • 24 x 7 access to cash at over 1,000,000 ATM & POS terminals
  • Receive pay regardless of your physical location
  • Savings of 1% to 4% per paycheck by not using check cashing centers
  • No need to carry large sums of cash
  • No credit check on employee
  • Can be used for on-line shopping as well as airline reservations and car rentals

Payroll Distribution is designed to enable employers to use direct deposit for their payroll regardless of the number of employees or accounting software. This service is available to your employees even if they do not have a bank account.

Direct Deposit is an electronic transfer of a payment directly into a checking or savings account. Since the funds are transferred electronically through the Federal Reserve, they are safe, secure and confidential. Direct Deposit can be used for more than just payroll. Expense reimbursements, bonuses, commissions, etc. can also be deposited into employee accounts. For employees who do not have checking accounts, a Payroll PayCard can be issued. A PayCard is a Debit MasterCard to which the employee’s paycheck is electronically deposited. The PayCard can be used anywhere MasterCard is accepted and at any ATM worldwide.

Call us today at (855) 352-3772 and speak to a representative about Premier Pay!