With Deluxe Payroll, your employees can elect to have their paycheck deposited directly into a bank account rather than receiving a physical, paper check. By setting up direct deposit, their net pay is electronically transferred into the bank or banks of their choice. These funds are available immediately on the pay date. While the funds are deposited directly into the employee account(s) the employees’ paystubs have an itemized listing of all paycheck details.
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