Direct Deposit Services. In order to enable Sage to provide direct deposit of employee payroll amounts, you authorize Sage to process Electronic Funds Transfer (“EFT”) transactions (and such other payment methods as Sage may require) one or more banking days prior to your check date, to transfer such amounts from your accounts as are necessary to pay your direct deposit employees. Such amounts are to be held in an account established by Sage until your check date, when funds shall be deposited to employee accounts as specified.
Direct Deposit Services. For added convenience and protection, the Bank offers Direct Deposit services to your checking or statement savings account. This service ensures the safe deposit of your Social Security, payroll, or other checks - even when you are away from home. Certificate and passbook accounts are not currently eligible for direct deposits or pre-authorized automatic transfers ("PATs" a/k/a ACH items).
Direct Deposit Services. The Bank Depository must be able to provide direct deposit of employee payroll earnings using the Automated Clearing House system, with the information provided by the City to the Depository through either magnetic tape, floppy diskette, internet or internal modem transfer. The City maintains a bi-weekly payroll schedule with payday on every other Friday. Information will be transmitted to the Depository on the Wednesday preceding the Friday pay date. Employee earnings must be credited to their designated account(s) and available for their use by 8:00 a.m. on the appropriate Friday pay date. While the City does not require 100% participation in the direct deposit program, those employees choosing this method of payment must be allowed to make deposits into multiple accounts of their choice and be able to change the deposit location as frequently as City policy allows. (Note the City recognizes the normal schedule referenced above may have to be altered slightly due to holidays.) G). NIGHT DEPOSITORY SERVICES - The Bank Depository will make available night depository services for evening and weekend events involving the collection of City funds, the location of which will be established by mutual agreement between the City and the Depository.
Direct Deposit Services. Direct Deposit Services must be separately selected and licensed by you during the set-up process or afterwards as an add-on to your license to payroll software and is used to disburse payroll to Customer’s employees, agents, and xxxxxxxxxxx.Xxxxxx deposit instructions are sent by PSPL at the direction of Customer.
Direct Deposit Services
