Direct Deposit for Businesses

Spend less - and grow your business

Direct Deposit via ACH transfers funds electronically from your business account directly to your employees’ accounts. Enroll your employees, shareholders, or retirees and eliminate manual check preparation and record keeping.

When you use Direct Deposit, you free up time, money and energy to grow your business. Quickly and easily make payments, 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--and they are good for the environment.

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.

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.

In addition to payroll, Direct Deposit can be used for:

• Annuities
• Bonuses and commissions
• Child support payments
• Dividend and interest payments
• Pension/401(k) disbursements
• Social Security and other government payments
• Tax and other refunds
• Travel and other employee expense reimbursements

Build Employee Satisfaction

By offering Direct Deposit as part of your employee benefits offerings, you can help boost employee satisfaction. 87 percent of employees are highly satisfied with their decision to use Direct Deposit and employees paid by Direct Deposit rate their employer a 9 out of 10 for their employers’ support of the service.


Your Direct Deposit transactions are safe: Unlike a paper check, which passes through many hands, account numbers remain confidential. You can also consult with your financial institution or payroll provider to learn about additional sound business practices to protect sensitive data.

Calculate Savings


Visit our calculator for a quick estimate of the savings your business can achieve.

Get Started

Contact your financial institution or payroll provider to set up Direct Deposit. Most business software packages now include it as a standard feature.


Use these resources to help educate staff and promote Direct Deposit within your business.

Sample Content

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Many companies offer payroll cards to employees who do not have bank accounts, and use their Direct Deposit via ACH program to fund the cards. Talk to your financial institution or payroll provider for more information.
No. Direct Deposit has been used in countries around the world for decades because it is convenient, safe, and environmentally friendly, and the number of users continues to grow.
Direct Deposit via ACH is widely used. More than 80 percent of working Americans receive their pay via Direct Deposit. 97% of people who use Direct Deposit via ACH are very satisfied with it.


Employees can view their Direct Deposit transactions on their online banking service and on monthly account statements. Check with your financial institution or payroll provider for electronic or paper-based options for reporting gross, deduction, and net amount details to your employees.
Some states allow companies to mandate Direct Deposit of payroll. Contact your state's labor department for details.
Your financial institution or payroll provider will provide what you need to start offering Direct Deposit. Most business software packages now include Direct Deposit via ACH as a standard feature.
No. In fact, most companies recoup any Direct Deposit start-up costs in savings and increased productivity in the first year of use. Your company should also realize reductions in printing, postage, and error resolution costs.


Using Direct Deposit reduces the risk of fraud by eliminating the use of paper checks that could be altered or counterfeited. Unlike a paper check that bears your account number for all to see, when you use Direct Deposit your account number remains confidential to your financial institution or payroll provider. Make sure that the computer you use to initiate your Direct Deposit has the most recent versions of anti-virus and anti-malware software and all updates loaded, and avoid using that computer for personal emails, surfing the Internet, and social networking. Talk to your financial institution or payroll provider to learn about additional sound business practices to protect your sensitive data.
Direct Deposit is appropriate for a company of any size. Whether you have 10, 10,000 or 100,000 employees, shareholders, or retirees, Direct Deposit via ACH streamlines payment processing and saves time and money.
Direct Deposit via ACH is a much greater asset than check "float." The savings from Direct Deposit add to your company's bottom line, and administrative costs can be reduced by more than 50 percent a year. With advances in technology and payment processing, check float is quickly becoming a thing of the past.
Problems with Direct Deposit are rare. Work directly with your financial institution or payroll provider to resolve any problems. Employees may verify their deposit by calling their financial institution or checking their account online.