- Direct deposit is the most popular form of electronic pay. By depositing wages directly into your employees' bank accounts, employers have a convenient, paper-saving alternative to printed checks.
- Prepaid payroll cards are a great payroll solution for employers with employees who do not have a relationship with a bank. Compared to paper checks, employers have less processing and less paper used in each payroll cycle. For these unbanked/underbanked employees, a prepaid payroll card helps them get fast access to their pay, without the hassle of cashing their paycheck.
Note: Payroll card programs provide many of the same benefits as Direct Deposit. However, the cost savings for these programs will vary based on each employer's specific payroll card program.