Midwest Bank offers comprehensive payroll services to help meet the unique
needs of your business. Whether you require a completely outsourced solution
or want to keep your payroll processing in-house with an automated payroll
deposit system, we'll help you choose a platform that's cost-effective for you
and flexible for your employees.
This payroll service offers you a safe, convenient method
for eliminating the time-consuming and costly paperwork associated with paying
your employees with checks. Direct deposit will electronically deposit each of
your employees' net pay into a checking or savings account at the financial
institution of their choice. The advantages of direct deposit include:
- Streamlined Payroll Process: Your company saves the time
and expense related to check printing, preparing, signing and distribution.
This service provides peace of mind, knowing that deposits will be processed
accurately, reliably and on time.
- Reduced Costs: Cost
of purchasing check stock as well as the issuing and reconciling of checks is
reduced or eliminated.
- Employee Benefits: Direct
deposit is a low-cost employee benefit that reflects a progressive image of
the employer. Funds are made available to your employees on payday, even if
they are traveling on company business or on vacation.
- Stronger Security: Lost or stolen checks (with resulting
stop payments and reissues) are eliminated, as well as the necessity for
storing blank and canceled checks.
information about payroll services for your business, contact us at
877-505-2265 and we'll connect you with a First Midwest Business