Direct Deposit Split Deposit For Financial Institutions
Promote More Saving with Split Deposit
As another valuable benefit, encourage your business customers to offer automatic saving with Split Deposit. Their employees can choose to direct a fixed amount or percentage of their Direct Deposit via ACH payment into one or more checking, savings, or investment accounts each pay period. Since the process is automatic, it’s easy for savings amounts to increase over time and become second nature.
Split Deposit is:
- Simple—easy to set up and use
- Safe—transfers funds securely into multiple accounts
- Smart—helps grow an employees’ savings
- Green—helps protect the environment