By implementing direct deposit of your payroll, you will enjoy the greater convenience and additional cost savings by writing and reconciling fewer payroll checks. Your employees will benefit from the predictability and conveniences of electronic deposit.
The fees vary depending on the number of entries you originate. Our current fee structure is as follows:
- 1-20 entries: $5.00
- 21-50 entries: $10.00
- 51-100 entries: $20.00
- 101 and over: $30.00
The fee will be deducted from your account automatically every payroll.
Our ACH Department will gladly assist you with setting up your Payroll Direct Deposit. They will discuss processing options available and provide you with authorization forms for each of your employees.
For more information contact one of our Relationship Bankers.