Direct Deposit Services from a PEO

One of the many payroll services PEO’s offer, direct deposit services are some of the most convenient and popular. If you’ve chosen to use a PEO for your payroll taxes, chances are they also offer direct deposit services. The main benefit of direct deposit services is that they save time; instead of your employees receiving their checks at work on payday and then having to find time to go to the bank and deposit it, your PEO simply transfers money directly into accounts. Not only does this save time, but you and your employees get your money sooner, since the transfer generally occurs at midnight on payday.

Direct deposit services also reduce the possibility of paperwork and mail issues. Although it is rare, mail is sometimes misplaced or even lost; however, direct deposit services eliminate the possibility of lost checks, essentially ensuring that you and your employees will get paid on time. A common misconception with direct deposit services is that it eliminates paperwork altogether; however, most PEO’s still provide a voided check with all the tax and payment information that would be included on a paper paycheck.

A great way to reduce stress and save time, direct deposit services are just one payroll service that a good PEO should offer.