Setting up direct deposit for your employees is simple. Here are the steps you will need to take.Choose a direct deposit provider: This entity will handle and house all of the information for your business and your employees. Typically, you have two options for direct deposit providers. You can work with the bank that houses your business bank account or payroll software with direct deposit functionality.Set up your direct deposit service: Once you’ve decided on your direct deposit provider, follow the process for setting up your direct deposit. If you’re going with your bank, you can call them or use your online portal to set up. If you’re using payroll software, it will set up direct deposit for you after you put in your information.Obtain employee direct deposit forms and authorizations: Have your employees fill out their bank account information. Also, make sure to have your employees sign an authorization form that says they give you access to transfer funds electronically to their bank account.Next, determine a regular pay schedule that works best for your company and employees. Communicate that schedule with your employees and payroll administrators.