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| BB&T's Direct Deposit service offers 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. |
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| Direct Deposit |
| How It Works |
- Enroll participating employees in Direct Deposit by collecting their relevant bank account information
- 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
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| Options for Data Transmission |
- MAXX ACH: Import files from your payroll system to your PC and transmit them to BB&T in the correct format for Direct Deposit services, or key the payroll information directly into the MAXX software
- 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
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| Company Benefits |
- Eliminates the expense of stop payments and reissues for lost or stolen paychecks
- Reduces costs associated with reconcilement, postage, and check printing
- Simplifies the distribution of payroll to offsite employees
- Eliminates special handling of absent employees' checks
- Provides 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
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| Employee Benefits |
- Eliminates extra trips to the bank
- Provides the security of knowing pay is deposited even when the employee is out of the office
- Gives employees the flexibility to split deposits between a checking and savings account at the financial institution of his or her choice
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| Contact us by Phone |
| For more information call BB&T Treasury Management at 1-800-810-5625 |
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| Send us an Email |
| Feel free to contact us by email |
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