Canada
United States
BahamasPayroll
Direct deposit, in plain English.
Direct deposit pays employees by electronic transfer straight into a bank account instead of a paper cheque, clearing through the national banking system on a set lead time before payday. It removes the cost of printing, distributing, and reissuing lost cheques. Workzoom Payroll runs direct deposit natively across Canadian, US, and Bahamian banks, with multi-account splits configured per employee.
Book a Workzoom walkthrough 26+ years of HR and payroll production. Live in Canada, the US, and the Bahamas.
How Direct deposit works.
Direct deposit moves net pay electronically into an employee bank account through the national clearing system, on a file submitted ahead of the pay date. Every country sets its own file format, lead time, and recall rules, and that lead time is what constrains the payroll calendar. Once a file is submitted, fixing an error usually means a reversal request rather than an edit.
Where Direct deposit goes wrong.
- The most common failure is accepting a bank detail change after the file cut-off, so pay lands in an account the employee already closed.
- Skipping a pre-note or validation step means a wrong account number only surfaces when the payment bounces, days after the file submitted.
- Payroll calendars built without the clearing lead time built in leave no margin to catch and resubmit a failed transfer before payday.
- 2000 Running payroll since Workzoom has run Canadian payroll for 26+ years.
- Canadian hosting on AWS available
- Trusted in production County of Renfrew, Silvera for Seniors, and Cable Bahamas. Built for 50 to 5,000 employees.
In the product
How Direct deposit runs on Workzoom.
Direct deposit is part of the Workzoom Payroll Suite. Workzoom runs HR, workforce, and talent on a single employee record across ten countries: Canada, the United States, the Bahamas, Jamaica, Trinidad and Tobago, Barbados, Antigua and Barbuda, Anguilla, the Cayman Islands, and the United Kingdom. Full gross-to-net payroll runs live in Canada, the United States, and the Bahamas. Pricing starts at $4 per employee per suite per month.
Questions about Direct deposit
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Run HR, payroll, workforce, and talent on one platform.
$4 per employee per suite. 50 to 5,000 employees. Sprint-based, client-paced go-live.
Workzoom works with organizations of 50 or more employees. See our minimums.