Employer Direct Deposit is a convenient, reliable and secure way for businesses to pay their employees. It eliminates the need for paper checks and the associated costs of issuing them. With direct deposit, your business can save time, save money and reduce the risk of lost or misplaced payments. The funds are electronically transferred from the company’s bank account to the employee’s bank account, on the designated day with no additional work required by either party. Direct deposit is fast, efficient and secure – ensuring that every employee gets paid in a timely manner with no exceptions.