Direct Deposit

MelonPays offers the option of direct deposit which is a safe, fast, and confidential way to receive payments automatically. It saves employers and employees time and money.

Direct Deposit Benefits

  • MelonPays provides unlimited direct deposit transactions of employee's net pay or partial pay to any participating ACH financial institution in the country. Direct Deposit is a great method of paying employees as the money is automatically deposited in a designated bank account or across many different bank accounts.
  • With direct deposit, there are fewer checks to print and store.
  • Facsimile signature security isn't necessary with direct deposit since no signatures are required.
  • Lost and stolen checks are eliminated.
  • Cuts down costs for your company.
    • Typically it costs more to process a paper check through your company or organization's account than a direct deposit transaction
  • Reduces errors because of less manual handling than a check.
  • Account reconciliation is simplified.
    • Your company or organization's account statement will have a single dollar amount for the total amount of the direct deposit transactions, versus individual check amounts to reconcile.
  • Less risk.
    • The chance of having a problem with a check is 20 times greater than with direct deposit.
  • Saves your company money.
    • Companies report savings of more than 40 cents in processing costs for each paper check converted to direct deposit.
  • Helps your company attract the top employees.
    • Direct deposit adds one more incentive to competitively attract employees.
  • Administration costs can be lowered.