Direct deposit of employees pay is becoming the most convenient and cost effective way of getting your wages to your employees. As an employer with direct deposit you no longer have to be around to sign cheques or have the cost of sending cheques to workers whether they are across town, out of town, in another province or territory or in another country. This direct deposit works for all of your employees providing the have their own bank account.
A1 Payroll Service has a solution for direct deposit even if you have employees who do not have a bank account. We are the only payroll outsourcing Company that we are aware of that can provide your employees with an ATM card where we can direct deposit their wages on to their ATM card in the same manner as if your employees have a bank account.
E-mail money transfers may be another method of paying wages to your employees. E-mail money transfers do have restrictions and may not be a suitable method for most employers. First e-mail transfers are restricted by Interact, the restriction is that the total limit of e-mail transfers done in one day is restricted to $1,000.00. Secondly your employee must have access to the internet and must have an e-mail account and internet banking.
