Setting up Payroll and Direct Deposit

[bking403]

Do you charge a service fee to do direct deposit and what do i need and what is the cost? I go through a third party but we are trying to cut cost now, I just post manually payroll in powerchurch. I been in contact with our bank tand they charge a fee to do ach direct deposit of at least 94.00 a month which i only for 5 employees

[NeilZ]

Do you charge a service fee to do direct deposit and what do i need and what is the cost? I go through a third party but we are trying to cut cost now, I just post manually payroll in powerchurch. I been in contact with our bank tand they charge a fee to do ach direct deposit of at least 94.00 a month which i only for 5 employees

All the Powerchurch program does is provide the ACH file that the bank uses for processing the direct deposit. There is no fee for that. There is no other 'service' provided.

What I did for three employees direct deposit was basically setup the employees as 'vendors' at the bank for a direct payment. Then I would process payroll in Powerchurch as manual checks with check number of EFT, email the paystubs to the employees, keep a copy of the paystubs for my record, and enter the amount of the 'check' as a vendor payment to the bank via the bank's website.

[bking403]

did your bank charge you fees for this as well

[NeilZ]

did your bank charge you fees for this as well

Depending on the bank, you may have fees for use of the online vendor payment system, and a per payment fee. I'm thinking the total was less than $25 a month or so.