Direct Deposit
Electronically depositing payroll funds into employee bank accounts has never been easier!
According to the American Banker's Association, employees regularly spend at least twenty minutes of company time each payday to deal with their paycheck.
Direct Deposit is the safest and most efficient way of handling
payroll disbursement.
A check signer does not need to be available on payday.
On payday, employees with direct deposit will receive a voucher
(paycheck stub) detailing their earnings and deductions, just as on a standard check,
except that their funds are already in the bank. No lost checks, wasted
time in teller lines, or worries about confidentiality.
- Convenient, efficient, secure
- Pay may be deposited in any combination of bank, credit union, debit paycheck card, or other institution capable of receiving Federal funds wire
- Eliminate lost, stolen or destroyed checks
- Minimizes check reconciliation
- Pay can be disbursed while Employee or Employer/Signer is vacationing or traveling
- Employer/Signer does not need to be present on payday
- Can be used in combination with any of PPI's other payroll options