Payroll and Customer Payments Made Easier

Payroll and Payments are offered to you through our Business Cash Management product. There are no separate monthly fees for members who want to use Customer Payments, Payroll and/or Tax Payments services. Pay once monthly for all of your ACH needs.

Payroll: Electronically transfer payroll to any financial institution

• Common Use: Direct Deposit
• Reduce fraud - Lost and stolen checks are eliminated and there is less potential for counterfeit checks, stolen checks or signature plates, altered amounts, and forged signatures.
• Account Reconciliation is simplified - business or organization’s account statement will have a single dollar amount for the total amount of the Direct Deposit transactions, versus individual check amounts to reconcile.
• Reduce Errors - According to DirectDeposit.org, the chance of having a problem with a check is 20 times greater than with Direct Deposit.¹
• Decrease administration costs - eliminates manual check preparation; businesses report savings of more than 40 cents in processing costs for each paper check converted to direct deposit. 

Customer Payments: Electronically "pull" funds from a customer’s account at any financial institution

• Common Uses: Membership Dues, Monthly Rent from Apartments/Senior Living, Payment Plans
• Payments can be one-time or recurring.
• Businesses can receive their customer payments on a predetermined date reducing late fees and delinquent payments.
• The timing of receivables is more predictable and reliable, allowing for more accurate cash flow forecasting and investments.
• Helps eliminate the manual, labor-intensive process of handling payments made by check and improves your payment operations saving time and improving efficiencies.
• Reduces processing costs - Direct Payment saves business customers/members an average of 11.5 cents per payment (versus checks) due to reduced processing costs.²
• Enhances customer service - customers will appreciate having a payment option that is reliable, accurate, on time and confidential
• Eighty-four percent of ACH Payment users are very satisfied with this payment option.
• Customers offered ACH Payment option will be more likely to continue using the services with a convenient payment plan in place.

Tax Payments:
Electronically transfer your business tax payments directly to the EFTPS Portal (Electronic Federal Tax Payment System)..

¹www.directdeposit.org

²www.directpayment.org