Our Direct Deposit service offers your business an efficient way to handle payroll distribution as well as providing a valuable benefit to your employees. This service allows you to deposit your employees' pay directly into their checking or savings account at the financial institution of their choice.

How It Works

It's easy to get started with Direct Deposit:

Collect the relevant bank account information for your participating employees.
Combine this information with each employee's pay amount and send it to BB&T electronically at least two days before the scheduled payday.
On the morning of payday, the funds are waiting for your employees in their bank accounts.

Options

Choose from these options for data transmission:

Data Transmission: Transmit a formatted file directly to BB&T from your mainframe.
Vendor Payroll: BB&T will work with any third party payroll service to enable them to transmit the Direct Deposit data to BB&T.

Benefits

Company Benefits

Eliminate the expenses for stop payment orders and reissuing lost or stolen paychecks.
Reduce the costs associated with reconciliation, postage and check printing.
Simplify the distribution of payroll to offsite employees.
Eliminate the special handling of absent employees' checks.
Provide an excellent addition to your employee benefits package.
Direct Deposit may also be used to deposit expense reimbursements, pension payments, dividends and other disbursements.
Direct Deposit can usually be implemented at your company within 45 days of requesting the service from BB&T.

Employee Benefits

Eliminate extra trips to the bank.
Provide the security of knowing pay is deposited even when the employee is out of the office.
Give employees the flexibility to split deposits between a checking and savings account at the financial institution of his or her choice.