You need to have strong security measures in place to protect this sensitive information because you need your employees’ bank routing and account information to set up direct deposit.
Changing banking institutions means beginning over.
Changing banking institutions may also end up being a hassle, since it means changing direct deposit information, so your entire workers will have to submit brand new authorization kinds.
There is no “stop re payment” option.
Though it’s simple to use direct deposit which will make re re payments, you cannot place an end from the re re re payment if you make a mistake when calculating employee hours like you can with a paper check which might be an issue. Read more