Make managing your payroll easier and lower processing costs with Wilson & Muir's Direct Deposit. When you use Direct Deposit, you replace your paper checks with low cost, electronic payments and provide another valuable benefit to your employees.

What is Direct Deposit?

Direct Deposit is an electronic transfer and deposit of your employees' net pay to their bank account anywhere in the U.S. through the Automated Clearing House (ACH) system.

How does Direct Deposit work?

1. You (or your payroll processor) provide the bank with your employees' net pay information through our Online Banking.
2. We process ACH credit entries based on your instructions. Many of our customers find the most efficient system is to generate ACH files through Online Banking.
3. Your employees' net pay is deposited automatically into their accounts when the bank opens on pay day and is immediately available as cash.
4. Your business account is debited for the total net pay amount.

Benefits of Payroll Direct Deposit for Businesses

• Reduce costs associated with printing, signing, distributing, reconciling, and storing checks.
• Simplify accounting by eliminating the need to maintain a separate payroll account.
• Eliminate the possibility of lost, stolen, delayed, or forged checks.
• Increase employee productivity since your employees will not need to leave work to deposit their checks.
• Provide a service many employees have come to expect.

Should my business use Payroll Direct Deposit?

Direct Deposit is a good fit for your business if you:

• Want to streamline payroll and reduce exposure to check fraud.
• Want to eliminate costs associated with maintaining and reconciling a separate payroll account.
• Have employees who travel frequently and/or go to the bank on company time to deposit their checks.