What is Direct Deposit?

Whether one-time or recurring, direct deposits are commonly used to disburse payroll, pension, and Social Security payments, as well as tax refunds and investment dividends.

Direct deposits are made through the Automated Clearing House (ACH) network, a nationwide batch-oriented electronic funds transfer system governed by the NACHA operating rules which provide for the interbank clearing of electronic payments for participating depository financial institutions.

Why use Direct Deposit?

The advantages of using direct deposit include:

• Security
  Because you're not issuing paper checks, they can't be lost, forged or stolen.
• Speed
  Funds are transferred quickly so you can immediately track funds instead of waiting for checks to clear.
• Efficiency
  Eliminates the manual, error-prone process of issuing and tracking paper checks.

The Direct Deposit Solution:

ACH Universal™ allows you participate in your bank's direct deposit program. Designated a Microsoft Certified Solution, this client-side software enables you to create and transmit direct deposit files to your bank - securely, automatically and error-free.

For information about ACH Universal, Treasury Software's direct deposit solution, and other award-winning cash management and electronic payment software, call 866-226-5732.

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