![]() Paper checks require writing, signing, mailing to the recipient and depositing into a bank. Eliminates paper checks: Direct deposit is a much easier way to make payments.Benefits of Using Direct Depositĭirect deposit payroll can benefit both the employer and the employee. When money is transferred electronically, it is encrypted with bank-level encryption, ensuring a secure transaction. With ACH, personal information, such as your bank account number, routing number and other personal information, is protected. The ACH network processes billions of payments each year, including online bill pay, transferring funds from Venmo and PayPal as well as direct deposit. ACH stands for automated clearing house network. Direct deposit is a secure process that allows an employer to transfer funds from the business’s bank account to the employees’ bank accounts.ĭirect deposit or direct payment is also known as ACH. It is an electronic transfer of funds from one bank account to another. Direct deposit allows you to skip the trip to the bank and directly deposit paychecks to the recipient’s checking or savings account. ![]()
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