Pay Employees Faster

This secure method of electronically depositing funds into employees’ bank accounts is the fastest way to make their paycheck or pension payments available to them.

Electronic Direct Deposit for Payroll

Electronic Direct Deposit for Payroll is the most modern and convenient way to pay your employees and pension retirees. 
 

Benefits of Payroll Services

There are so many advantages to implementing Direct Deposit for both you and your employees. Regardless of the size of your company or industry, TowneBank can help you set up an electronic payroll disbursement program that will perfectly match your unique business needs. 

Here are some of the benefits of Electronic Direct Deposit for Payroll:

Avoid Paper Check Issues
Avoid Paper Check Issues
Save time and cost by eliminating paper checks. Spend less time researching and replacing lost checks. Minimize account number exposure and potential check fraud.
Improve Employee Morale
Improve Employee Morale
Because their paycheck funds are available to employees more quickly and conveniently, employees are happier and more productive.
Make Payroll Adjustments Easily
Make Payroll Adjustments Easily
Direct Deposit lets you process electronic payroll changes, instead of being forced to process retroactive adjustments after a paper check has been issued.
Maximize Your Time
Maximize Your Time
Greatly reduce the time your staff spends preparing each payroll period. Direct Deposit also simplifies company bookkeeping.
Save On Payroll Processing Costs
Save On Payroll Processing Costs
Greatly reduce the time your staff spends preparing each payroll period. Direct Deposit also simplifies company bookkeeping.

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