Business Banking

eBanking - Direct Deposit for Payroll

Save time and money with electronic payment (ACH) services from Chemical Bank. Any employer, large or small, can offer employees the option of having their payroll automatically deposited into an account at the financial institution of their choice. Direct Deposit is a convenient payroll option that is advantageous to both employers and employees.

As an employer, you'll find Direct Deposit:

  • economical - it is usually less expensive than issuing payroll checks
  • useful - it helps you to predict cash requirements more accurately and manage your cash flow
  • practical - it saves you time and eliminates the difficulty of distributing paychecks to multiple locations
  • easy-to-use - payroll instructions can be transmitted with a few clicks of your mouse
  • beneficial to your employees, as well saving them from the inconvenience of making trips to the bank

Transaction Type
Transmission Day
System Cut-Off Times
Transfers or Bill Payments
Same Day as the Effective Entry Date
8:00 PM (ET)
Wires
Same Day as the Effective Entry Date
2:30 PM (ET)

ACH Transactions

  • Payroll
  • ACH Payments
  • ACH Receipts
  • Tax Payments

  • 2 Business Days before the Effective Entry Date
  • 2 Business Days before the Effective Entry Date
  • 1 Business Days before the Effective Entry Date
  • 1- 2 Business Days before the Effective Entry Date
 
3:00 PM (ET)
Positive Pay
On each Business Day
10:00 AM (ET)

For more information about electronic payment (ACH) services, stop in or call any Chemical Bank Location. One of our representatives will visit you at your business to show you exactly how the system works and will answer all of your questions

Additional Costs and Fees Apply

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