United States Direct Deposit Payroll Processing
Managing payroll and all the paperwork that comes with it is a tedious, time-consuming task
that is also complicated and error-prone. In fact, one third of small businesses get fined each
year as a result of incorrect filing/paying of taxes.
A direct deposit is the deposit of money by an employer (Payer) directly to an employee’s (Payee’s) bank account. In the United States, all transactions are uploaded to NACHA (National Automated Clearing House) to process all credit (deposit) and debit (withdrawal) transactions coming through banks, credit unions, and third party processors.
Replacing printed checks with direct deposit to employees’ bank accounts is the most efficient
way for your business to operate. In addition to a paperless payroll system being environmentally friendly; it is also a more secure, reliable, convenient, and affordable way to pay employee wages. Plus, your employees will be thrilled to see funds available immediately on pay day, without payroll mistakes (due to human error) and the risk of lost/stolen cheques and/or fraud.
Start moving your business towards becoming paperless by choosing direct deposit to process
your employees’ payroll. All you need is your employees’ direct deposit information and/or a void check; this includes a 9-digit routing number and a bank account number (both of which are standard with a US Bank Account) …We will help you do the rest.
More Solutions for Businesses in the United States
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