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Enjoy Direct Deposit
Our online service, designed for small to medium sized businesses and payroll processors, make direct deposit easy and affordable. PenSoft has partnered to offer secure, convenient, and reliable direct deposit service. It's secure, confidential, reliable, and convenient.
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| Direct Deposit can offer flexibility and freedom; regardless of whether you process payroll for your company or multiple companies. |
Advantages To Your Company |
Increased Productivity. No employee trips to the bank during a workday to cash or deposit paychecks. Employees spend from 8.5 to 24 hours (1 to 3 workdays) each year going to the bank to cash or deposit their paychecks.
Safety & Dependability. With Direct Deposit you are ensured of delivery. And, there are no lost checks to reissue. The Federal Government estimates more than four million paychecks are lost or stolen each year. However, Direct Deposit checks are never lost or stolen because payments are made electronically.
Big Savings. NACHA research shows that with Direct Deposit, businesses can save more than $1.25 on each payroll check processed.
» Eliminates stop payment charges and check reissue costs.
» Reduces the clerical cost for account reconciliation.
» Reduces the cost of administration and operating expenses.
» Reduces remittance processing costs (paper handling) resulting from the absence of the check.
» Possibly reduces bank service charges
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Advantages To Your Employees |
Guaranteed Pay. Your employees know their pay is available on payday, even during vacation, illness, business trips, or whenever they're away.
Security. There are no checks to be lost or stolen.
Savings. Direct Deposit often reduces bank service charges.
Convenience. Reduces the time spent driving to the bank, standing in bank lines, lining up at ATMs, or waiting at drive-up windows. |
SIGN UP NOW! |
Individual Company Transmitter
Multi-Company Transmitter |
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SALES LINE
888-736-7638
- Corporate 757-873-2976 - Support 757-873-1199 - Fax 757-873-1733