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Direct Deposit

Direct deposit provides you and your employees with a money-management tool that is
reliable, simple and convenient. Using direct deposit allows your employees to electronically
deposit their paycheck into their checking and savings accounts without leaving work on payday.

What are the benefits of Direct Deposit?

Security - Eliminate worry about lost or stolen paychecks

Convenience - Eliminate the need to wait in bank lines

Delivery - Eliminate remote employee delivery concerns

Simplicity - Getting started with Direct Deposit is easy

Flexibility - A paycheck can be deposited into four accounts

Reliability - Federal banking regulations ensure that your employee's monies
                           are properly handled and deposited into the designated accounts on
                            time,  correctly, and confidentially.

 

How long does it take for Direct Deposit to process?

Direct deposit processing falls in the normal time frame of the employer's payroll process
cycle. If you process your payroll on Wednesday, and your payday is Friday, your
employees' monies will be available in their accounts on Friday.

How does an employee know how much money was deposited to his or her bank account?

CBS Payroll's paycheck stub conveniently lists the accounts and the monies that were
deposited to each account.

How do we get Direct Deposit started?

If you are currently a client, contact your payroll specialist.

If you are not a client, click here for more information.

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