How Do I Set Up Direct Deposit for My Employees?

Do you give your employees the option of directly depositing their paychecks into their bank accounts? If not, why not? It’s easy to set up and a nice perk.

Simply ask your payroll processing company for their standard form.  Each employee will complete the form and attach a voided check or savings account deposit slip. Your company’s bookkeeper, controller, or accountant will also need to submit a form to your payroll processor with your company’s bank account information.