Cash Management

ACH Payroll Services

Let Direct Deposit of Payroll Work for You

Alta Alliance Bank's ACH Direct Deposit of Payroll service offers your business the convenience, security, and reliability of automatically depositing payroll directly into employee checking or savings accounts without the use of paper checks.

How Does It Work?

Our ACH Direct Deposit of Payroll service electronically credits employees' salaries to their bank accounts via the ACH network. Employees complete a form authorizing you to make payroll deposits directly to their accounts. At the end of each pay period, you transfer individual payroll amounts to Alta Alliance Bank, which then processes the information through the ACH network and credits their accounts.

Benefits of Direct Deposit of Payroll:

  • Direct Deposit decreases check processing costs. With Direct Deposit, businesses reduce the cumulative costs of issuing paper checks and realize significant savings in their payroll expenses. As a result, the United States Federal government estimates that Direct Deposit saves millions in payroll costs annually.
  • Saves time and increases productivity. Direct Deposit of payroll eliminates the need for employees to go to the bank to cash or deposit their paychecks, which saves time and potentially increases the productivity of your business.
  • Convenience to employees. Employees enjoy the convenience and security of having their payroll check consistently deposited directly into their account even if they are away due to travel, vacation or illness.
  • Reduces administrative costs. Tasks such as processing and reconciling checks and replacing lost, stolen or stale-dated checks are eliminated with Direct Deposit, reducing your administrative costs.
  • Strengthens company relations with employees. Businesses enjoy enhanced employee relationships by offering a more efficient, reliable, and expedited payroll alternative through Direct Deposit.

For more information, contact your Alta Alliance Bank Relationship Manager.