Company payroll bank transactions
We'll initiate 3 separate debit transactions from your company's bank account after each payroll is submitted:
- One for employee pay (who are being paid by direct deposit)
- One for your employee reimbursements
- One for all payroll taxes
These transactions will happen at the same time, 3 business days before payday. Employee pay and reimbursements will be submitted for direct deposit payments, and we'll send your payroll tax amounts to the applicable state and federal agencies.