-
Time and Costs Savings: You'll save time and costs associated with account and check reconciliation. Reduces time to process payroll and eliminates lost or stolen check costs.
-
Enhanced Employee Relations: A reliable method of payroll disbursement. Employees can split payroll into two accounts or more.
-
Improve Cash Flow Forecasting: You'll know in advance when each disbursement will be made from your account. This may help to minimize borrowing and may take advantage of other discounts.
-
Convenient Efficient Processing: You submit payment data to Minster Bank two days before settlement date. Your account at Minster Bank will be debited for the total amount of the disbursements.