Direct Deposit


R

Rob Peterson

We process payroll for some of our accounting clients. We are thinking of
offering direct deposit to a company with about 75 employees. Twenty of them
would do the direct dep. What is a typical startup and ongoing charge?
Thanks.
rob
 
Ad

Advertisements

P

Paul A Thomas

Rob Peterson said:
We process payroll for some of our accounting clients.
We are thinking of offering direct deposit to a company
with about 75 employees. Twenty of them would do the
direct dep. What is a typical startup and ongoing charge?

Direct Deposit isn't any more complex from your end (processing) than say,
printing the check. Yes, you still print a pay stub, but the act of direct
deposit is simple if the software is set up right.

the fees I've found to be problematic for the client have all been at the
bank end (the client/employer bank). The fees have ranged to reasonable to
quite high depending on the bank's charges and the number of people that
participate in the program and also bank with them.

So be aware of that end of the expense equation.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Direct Deposit? 6
Direct Costs 1
Payroll Direct Deposits 6
Payroll direct deposit 0
QB and Direct Deposit 3
Direct Deposit Dates 3
Direct deposit info 9
Direct Deposit Report 0

Top