Payroll Direct Deposit

The mounting cost of handling paper transactions has laid the groundwork for the success of Direct Deposit. Direct Deposit benefits companies with reduced payment processing costs and operating efficiencies. The benefits of Direct Deposit to companies include:

• More efficient reconcilement through batch processing versus single entry check processing
• Elimination of lost checks and resulting stop payment charges and handling associated with replacement checks
• Elimination of critical delivery costs such as expensive overnight delivery, since funds are automatically deposited
• Elimination of special check handling, such as vacation checks, since deposits are made when the employees are away from work
• Reduced storage and security of checks because check stock is not required for the payroll earnings record
• Reduced employee lost time commonly experienced with long lunch hours on pay days
• Valuable low cost employee benefit

With Direct Deposit, businesses can save more than $1.25 on each payroll check processed. Up to 25% of all employees take time to deposit their payroll checks on payday.  American companies could increase productivity by $3-5 billion if all employees used Direct Deposit

PayCard

• Complete your payroll process more quickly.
• Save money on checks, envelopes, and ink.
• Have the security of knowing that you're payroll checks cannot be copied or used for any other type of fraudulant activity.
• Provide a convenient, safe solution for your employees to receive their wages and use their cash.
• The product is FDIC Insured.
• Click Here to view and print a flyer about PayCard
• Click Here to view and print a brochure about PayCard

Stop in to your local branch or contact Amy Homich (616-887-2338 or ) TODAY to get signed up or for more information.

*Some restrictions may apply.  Contact local branch or Amy Homich for all details.