How Do I Set Up Direct Deposit for My Employees?

* From Date: Thursday, February 15 2007

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.

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