Direct Deposit Services are a fast, efficient, and secure way to make payments. With these services, funds can be electronically transferred from an employer or other paying institution directly into your bank account. The deposit is made automatically on the payment date you specify, eliminating the need for paper checks and providing direct access to funds in as little as one business day – often faster than traditional payment methods. It also helps cut costs associated with check processing, saving time and money for both employers and employees.