How does Direct Deposit (ACH) work?
You provide us with specific account numbers for both your business and your employees. We work with the bank to process the Direct Deposit transactions along with your payroll. This requires two business days between input and check date to process via the Automated Clearing House (ACH) system established under Federal Banking Laws. Stephens & Company adheres to this two-day requirement.
Related Questions
- Why when I do a Direct Deposit payroll and process half of it one day, and finish it off the next day -- all of my DD info does not show on my ACH file! What happened?
- What do I need to do to get set up to receive payment via Direct Deposit (ACH or EFT) rather than paper check? Is there a fee for Direct Deposit?
- When I process a Direct Deposit (DD) payroll, why is my ACH (automated clearing house) file incomplete?
