Direct deposit is the most common transaction using the ACH Origination network. Direct deposit through Town and Country Bank Midwest's Cash Management allows a business to pay an employee for payroll, expense reimbursements, bonuses, pensions, and dividends to a checking or savings account at a financial institution located in the United States.
- Direct deposit saves the time and cost of making a trip to the bank to deposit funds.
- Direct deposit means there is no chance for a paycheck to be lost or stolen.
- Direct deposit is convenient, safe, and reliable.
This is all easily managed in the Cash Management tab of our Internet Banking. In addition to direct deposit, businesses can also create other types of ACH transactions such as transfers to/from other banks, paying vendors and contractors, collecting rent/dues from customers, and most other transactions accepted on the ACH network.