Direct Deposit ACH
- BDS Direct Deposit or ACH (Automated Clearing House) allows your entity to transfer its employee’s pay directly to their bank accounts.
- This module does need to be activate by Banyon. Please call 800-229-1130 if you have purchased and want to get this activated.
- ACH file produced by BDS is in accordance with the NACHA specification and widely used by all banks.
- Depending on how direct the transfer of ACH information is made from your bank to the Federal Reserve, and also depending on the type of software your bank is using to read/process the file, your ACH setup can vary significantly.