Treasury Management Services

Automated Clearing House (ACH) Direct Deposit

How it works
  1. You obtain authorization from your employees to directly deposit their check, along with their bank information.
  2. Using the above information, you build an ACH file in the standard NACHA format, which includes the payment amount and employee information.
  3. Your company then provides the payroll information to Compass at least one to two business days prior to the pay date.
  4. This information can be sent to Compass electronically through Compass e-Access®, Compass e-Transmit®, Secure FTP or a third party vendor.
  5. The funds are disbursed on the date specified according to the instructions you've provided.

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