If the employer does not issue payment stubs, the employee's bank will notify them within two days of receiving the Direct Deposit or will provide them with a telephone number to use to check the status of their deposits. Typically, their payment is available first thing in the morning on payday. Direct Deposit is a confidential way to send and receive payments. Although the company does have a limited ability to reverse your Direct Deposit payment, it can only access funds that were deposited in error, generally when the company has issued the transaction twice or issued a deposit in the wrong amount. On average, fewer people see the account information with Direct Deposit than with checks.
Employees can have their pay deposited into one account or split among several accounts.
This financial flexibility is one of Direct Deposit's best features and ACH Direct is designed to take advantage of this benefit. Employees can decide once how they want their pay divided and you can set ACH Direct up to carry their request out automatically every pay period. You can easily indicate which employees desire Direct Deposit and only the pay data for those employees will be included in the transmission file. ACH Direct provides several options for outputting the file. The most common transmission method is via a modem connection to your bank.