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.