Direct Deposit
Choices and Flexibility
for Employers and Employees
Traverse Direct Deposit makes
payday easier for everyone. Your employees don't
need to worry about getting their cheques to
the bank on time—and standing in line when they
get there. Direct Deposit, a Traverse Payroll
companion module, makes life a whole lot easier.
Give your employees another benefit: peace of
mind. They'll know that their cheques will be
deposited directly to their bank account. And,
you'll get more productivity on payday.
With Traverse Direct Deposit,
you can give employees the choice of whether or
not to participate. They can also choose to have
a portion of their pay deposited to their
accounts and receive the remainder as a live
check, and they may elect to split deposit
amounts between six different bank accounts in
up to six different banks.
The employee direct deposit
setup form allows you to choose the type of
account (cheqeuing, savings, cheque), account
number to deposit to, routing code, and percent
to deposit to each account. If you wish, you can
also split the deposit by amount instead of
percent. |