EFT Processing

Direct Deposit

Tri-Mark makes payday profitable for
your employees and you.

Employees can't wait for payday. But do you dread having to write all those checks and, too often, reissue them when they're lost or stolen? Is expense reimbursement a headache waiting to happen?

Direct deposit has major benefits.

Thanks to instant access to cash, convenience and more time, it's no wonder 71% of employees have direct deposit. Today's job candidates have come to expect it. But they're not the only ones who benefit. It offers significant advantages for you too:

Saves you money: A 2009 study by the PayItGreen Alliance shows businesses saved $6.7 billion over the last ten years by switching to direct deposit. Average annual savings per employee, based on a biweekly pay schedule, is $176 thanks to eliminating issuing and reissuing checks and stop payment fees.

• Reduces your risk: No need to worry about the more than four million paychecks lost or stolen each year, or the 2,000 fraudulent checks cashed every day.
• Saves you time: What would you do with all that extra time if you had only one entry on your statement to reconcile? We're sure you'd think of something.
• Improves employee satisfaction: Attract and keep valuable employees by providing a benefit rated as important as a 401K. The Consumer Federation of America revealed in 2008 that 76% of employees who don't have access to direct deposit would use it if they had the option.

Increases productivity: According to NACHA, companies could increase productivity by $3-5 billion if all Americans used direct deposit. Even a small piece of that pie is mighty appetizing.