What is direct deposit of payroll?
The direct deposit payroll service allows you to automatically deposit your employees' net pay directly to their checking or savings accounts at any financial institution in the United States.

Who can benefit from direct deposit of payroll?

• Companies that want to eliminate costs associated with maintaining and reconciling a separate payroll account
• Companies that want to provide their employees with a low-cost benefit
• Companies that want a more efficient, secure and reliable method of delivering payroll

How does it work?

• You or your payroll vendor provide Home Federal with your employees’ net pay information via iLINK or Fed Ready File
• According to your instructions, we automatically deposit checks into your employees’ accounts locally or nationally

Benefits to you

• Reduces time and effort spent printing, signing, processing, reconciling and storing checks
• Saves your employees' time by eliminating special trips to the bank to deposit paychecks
• Eliminates the possibility of lost, stolen or forged checks
• Increases the confidentiality of your payroll process