Not just for payroll . Consider using it for income from investments, such as mutual funds, CDs, annuities, etc. With direct deposit, you'll help get your customers moving on the electronic payments highway and remain competitive in the electronic commerce arena.
Direct deposit gives people peace of mind.
Direct deposit improves your cost efficiency. You'll stay competitive With smart cards, cyber payments and virtual banking knocking on your door, direct deposit can help accelerate your electronic payments program and put you one step ahead of your competition. The Financial Management Service is able to issue an ACH payment for less than 2 cents, compared with an average cost of 43 cents per check. If your financial institution has been providing ACH services to your retail customers, you probably already have the hardware and software in place to originate ACH payments. Here are some other tools available to support your sales and promotional efforts.