Payroll

Direct deposit, in plain English.

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Direct deposit pays employees by electronic transfer to a bank account. It replaces paper cheques, eliminates lost-cheque reissues, and clears faster. Workzoom Payroll integrates direct deposit with Canadian, US, and Bahamian banks natively, including same-day clearing and multi-account splits.

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.

  1. Bank detail changes accepted after the file cut-off, so pay lands in a closed account.
  2. No pre-note or validation step, so a wrong account number surfaces only when the payment fails.
  3. Payroll calendars built without the clearing lead time, leaving no margin for a failed submission.
  • 2000 Running payroll since Workzoom has run Canadian payroll for 25+ years.
  • Canadian data residency AWS Canada (ca-central-1). Canadian customer data stays in Canada.
  • SOC 2-aligned controls Encrypted at rest, role-based access, immutable audit logs.
  • 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.

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Related terms.

Questions about Direct deposit

Direct deposit pays employees by electronic transfer to a bank account. It replaces paper cheques, eliminates lost-cheque reissues, and clears faster. Workzoom Payroll integrates direct deposit with Canadian, US, and Bahamian banks natively, including same-day clearing and multi-account splits.
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.
Bank detail changes accepted after the file cut-off, so pay lands in a closed account.
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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.

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