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If you're a business owner, you know that many of your employees may have trouble finding adequate time to get to the bank to cash their payroll check each pay day. More and more, professional organizations are distributing payroll as Direct Deposit via the Automated Clearing House (ACH). ACH transactions allow you to credit employee accounts directly without cutting payroll checks. This process reduces your overhead while at the same time giving your employees automatic credit to their banking account.
Imagine the amount of goodwill generated by direct deposit ACH. No more waiting for checks to arrive from your payroll provider. No more "guarding the printer" to ensure privacy. No more having employees leave early or arrive late because they "had to go to the bank." Employee's pay will be available to them when their bank opens on pay day morning. What could be easier?
MidSouth Bank has installed the latest in ACH technology. This allows us to create automatic credits on your behalf for posting to an employee's account at any bank, savings and loan, or credit union in the United States. Because of the volume of transactions moving through the ACH, the individual cost is minimal. You can either extract pay information directly from your computer or enter the pay information into a PC software program we will supply for you. Either way, we will generate the transactions on your behalf. Best of all, it's available through MidSouth Bank, part of our overall service package.
Call us today at (337) 237-8343 in Lafayette or (800) 213-BANK (2265) outside Lafayette to schedule a meeting specifically to discuss how direct deposit of payroll can benefit you.