Introduction   |   Benefits   |   How It Works   |   Fast Facts   |   FAQ

 

Introduction to Direct Deposit

Of all the ACH applications your financial institution offers, Direct Deposit is likely to be among the most talked about, and the most popular. The benefits of a Direct Deposit program are extensive for your business and individual customers alike - it's safe and confidential, saving time for individual customers, while helping your business customers meet their bottom-line business objectives.

Three out of four employees who are offered Direct Deposit use it, and their satisfaction rate is 97%

Explore this section to discover how to talk about Direct Deposit to your internal staff members, individual customers, and business customers, as well as get answers to the most common questions asked about the program.

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Benefits

Find out how Direct Deposit reduces costs for your business customers, while streamlining your individual customer account management processes.
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How it Works

View every step in the process for both your business and individual customers, from initial authorization to payday confirmation.
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Fast Facts

Companies of all sizes can benefit from Direct Deposit. In fact, small and medium sized businesses are adopting it rapidly.
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FAQ

Get answers to frequently asked questions about Direct Deposit.
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What People are Saying

"With Direct Deposit, you don't have to spend time or effort cashing checks. It's completely secure. The funds come in as cash--there's no time wasted having the checks clear, and the money earns interest right away. There are no fees, and it avoids the possibility of theft or loss of checks."

- Jordan Goodman,
author of Everyone's Money Book

For More Than Payroll

Your individual customers associate Direct Deposit with their payroll, but let them know that it can be used for many other types of payments, including:

  • Annuities
  • Bonuses and commissions
  • Dividend and interest payments
  • Pensions
  • Travel expenses
  • Tax refunds
  • Social Security or other government payment