PayMaster Services - Direct DepositPayMaster Services
Direct Deposit
Our direct deposit service removes costly checks from your payroll process. Let your employees enjoy the convenience and security of direct deposit. Employees net check can be deposited in one account, or split to an unlimited number of accounts; even in different banks.
Click here for a sample of our standard Direct Deposit report.
PayMaster also offers your unbanked employees the option of a PayMaster PayCard. Employers can now achieve cost savings similar to those already realized with the use of direct deposit.
Some of the main advantages of having your employees paid through an electronic means are;- Reduction or elimination of bank service fees and account reconciliation costs
- Avoidance of stop payment fees for lost/stolen paychecks
- Minimization of exposure to paycheck fraud by decreasing the number of paper paychecks produced