Direct Deposit

					Benefits of Direct Deposit of Payroll
	The day after your payroll is processed CASA gives our clients two options: (All CASA Payrolls are delivered next day after processing.) Option 1 Upon delivery of the payroll our client is given full control as to whether or not to instruct CASA to transmit their direct deposit file to their bank. (The client must call CASA prior to their banks predetermined deadline for receipt of transmission.) THE CLIENT CONTROLS THE PROCESSING OF DIRECT DEPOSIT. Option 2 The client has given CASA the authorization to AUTOMATICALLY process the direct deposit file. THE CLIENT HAS SET-UP THE DIRECT DEPOSIT TO BE PROCESSED AUTOMATICALLY BY CASA.				To the Employer: Service can be offered as an additional employee benefit Eliminates security and storage of blank checks and the need to buy and inventory checks Eliminates storage of canceled checks Solves payroll distribution problems Lowers payroll department costs for salaries and fringe benefits Reduces employee’s lost time for cashing checks on payday No confusing special arrangements to handle checks for people absent due to vacation, illness, etc. No lost or stolen paychecks resulting in stop payment and reissue orders With some applications, eliminates postage charges to mail checks No reconcilement costs because there is no reconcilement To the Employee: No more special trips to the bank and waiting in long lines to cash or deposit paychecks No more special trips to the bank and waiting in long lines to cash or deposit paychecks No possibility that a paycheck may be lost or stolen Payroll information is more confidential since tellers, grocery clerks, etc. no longer see the employee’s paycheck Encourages savings since employees may split their pay between a checking and savings account Funds are available immediately on payday Employees may have their net pay deposited in the financial institution of their choice Opportunities for special services such as free checking