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Centralized Direct Deposit &
Official Checks/Positive Pay |
The following is a short list of the forms contained in this package and general
explanations about procedures:
The Funding Authorization ACH:
You are giving information and authorization for direct deposit funds, official
checks funds and/or tax filing funds to be taken from your payroll account and dispersed
for payments.
Payroll/HR and Electronic Funds Transfer Services Agreement:
This details our risk management controls with respect to the electronic money movement
services provided to you.
Employee Authorization Form –Direct Deposit:
The main purpose of this form is to give you the authority to take the money back
out of their account if you make a payroll error, and over pay them. Your employees
should complete this form, and attach a "void" check for account and routing number
verification. (Deposit tickets often have the wrong routing/transit number).
Stop Payment/Reversal Form – Direct Deposit and Official Checks:
If you make an error on your payroll, you can fax us the attached form with information
from your payroll registers. We will handle it from there, initiating the appropriate
transactions, and letting you know the status of them upon settlement.
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