Direct Deposit

The easiest and most convenient way for you to make deposits

Most of us have accidentally lost a paycheck, through carelessness, a mail glitch or pair of undisputed pants tossed too quickly in the laundry. There is an increasingly popular solution to the problem of lost checks: Direct Deposit

Benefits for the employer
  • Even if the employer is not in town, the employee will receive their payment on time without having to sign the checks.
  • The employees won't have to ask for permission to deposit their checks, since this represents time and money for the company.
  • The risks for a fraud on your company accounts are less since they are not able to see your account number.
  • Avoid paying extra to FedEx or messengers by sending the payroll when it's not on time.
  • Can make your payroll way before ahead of time.
Benefits for the employee
  • There are no checks to be lost or stolen.
  • Payments reach your account the day the check is issued - even if you are out of town, sick, or unable to get to your financial institution.
  • Many banks offer free or lower-cost checking for customers with direct deposit because it saves them the cost of processing paper checks.
  • Direct deposit can help you avoid bouncing checks because the deposit is direct and on time.
  • Can save you trips to the bank and help you avoid long lines at tellers or ATMs.
  • The federal government and many employers will deposit your check a day early if the regular payday falls on a holiday.
Setting up Direct Deposit

Establishing direct deposit of your paycheck requires you to go through your employer, who will have the paperwork needed to set it up. Your employer will want your social security number and a voided check from your checkbook containing your bank's routing number (a number assigned by the federal reserve to identify your bank) and your account number. The routing number is the first set of numbers on the bottom left of your check and is followed by your account number.

The Voucher System

It may take a pay period or two for direct deposit to kick in. After it does, instead of your regular paycheck, you will receive a voucher from your employer stating how much was deposited to your account. The voucher will look similar to a real check, with all the same information on taxes, benefits, and other deductions that were on your paycheck.

Arranging direct deposit of most federal paychecks may be done over the phone or at your local federal building. The agency - whether it's Social Security, Veterans Administration or some other branch - will need your checking account number and your bank's routing number. You will get a follow-up letter confirming the change in your method of payment.

You will not, however, get a voided check or voucher each month Federal payees must call their banks to verify direct deposit of their checks.

We have a very professional approach designed to provide the best service at the most reasonable rates. Our staff includes certified public accountants and other professional accountants with over 10 years of experience in the field. Our accountants have the education and expertise to help your business succeed. Our bilingual staff will become part of your team when you take part of our firm.