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3993 Huntingdon Pike Suite 110 Huntingdon Valley, PA 19006
Mon - Sat: 9:00 - 17:00
(866) 987-9898
info@exactpayroll.com

Payment Options

We offer a variety of payment options to match your business needs and style.

You can pay via company check, direct deposit, trust check, payroll debit cards, or cash.

Company Check

Live payroll checks can be delivered in various formats. These checks are printed with your company banking information.

  • Top Stub open checks allow you to apply your signature prior to distributing
  • Sealed checks provide a mail ready format allowing quick distribution and mailing
  • Your company logo can be printed on each check
  • Signature options can help save time. Signature option is required for sealed checks
  • Check numbers can be started anywhere and run consecutively

Direct Deposit

Direct deposit removes costly, manually processed paper checks. As a purely electronic method for transferring wages, it reduces human error resulting in a more efficient and accurate payday. Most employees appreciate the convenience, security, and reliability of direct deposit. It provides fast access to cash, eliminates a trip to the bank, and helps employees meet their personal budget needs in a more timely manner.

Our direct deposit service allows employees to have all their wages deposited into one or more checking, savings or money market accounts. Deposits can even be made to a payroll debit card or a child’s account or debit card.

Trust Check

Trust Checks simplify your accounting entries and remove the time consuming task of reconciling your payroll checks. We debit your account once, draw employee payroll checks from our checking account, and ship them to you pre-signed and ready for distribution. The checks still have your company name at the top.

Trust Checks include our Positive Pay feature which allows your company to avoid the fraud risk associated with issuing many checks from your account. We take full responsibility for all unauthorized and fraudulent transactions to our payroll disbursement.

Positive Pay is a cash management service offered providing a deterrent to check fraud by which banks compare a list of our issued checks with checks presented for payment. Suspicious checks are referred back to us for approval prior to being paid.

Payroll Debit Cards

According to the American Payroll Association, four million (4,000,000) paychecks are lost or stolen each year. A Visa-branded debit/payroll card increases efficiency, savings and flexibility for both the employer and employees. Thousands of employers of all sizes offer Visa-branded payroll cards as a way to help meet the diverse needs of their work force.

Visa estimates approximately 80 million people in the U.S. (about 25% of the US population) lack a bank account or access to a payroll debit card. These same workers receive about $1 trillion in annual income. Most of these people rely on cash transactions for everyday purchases. Our guaranteed-issue Visa payroll card offers a safer, more convenient option to paper payroll checks.

Cash

Many cash-based business owners mistakenly believe that a payroll service can’t help because employees are paid cash. In fact, all employers are responsible for reporting wages, withholding and paying taxes and filing returns including accurate W2s and unemployment statements. Employees paid with cash can be issued vouchers summarizing their wages. Vouchers will show all typical wages, taxes and deductions plus a special cash payment notation/deduction denoting the cash payment.