By implementing a direct-deposit plan, there are enormous savings to be had in time, money, and natural resources.
Because of how this accounting is processed, you no longer need to perform bank reconciliation. In addition, banking fees are dramatically reduced. Moreover, with no paper check to be copied or stolen, fraud is eliminated. Both of these mean less time and money spent by you.
Environmentally, it should be noted that doing all of this electronically, paper and ink are saved. This is good for you, and the environment.
A direct deposit system has many advantages to employees, as well.
Perhaps the greatest advantage for them is that they now do not have to spend their valuable personal time driving to a bank, and then waiting in line.
In addition, for your employees who do not bank in a traditional manner, we have a new option that has benefits for them, and you: VISA™ payroll cards.