Direct Deposit

GMS makes payday profitable for your employees and you.

Employees can't wait for payday. But do you dread having to write all those checks and, too often, re-issue them when they're lost or stolen? Is expense reimbursement a headache waiting to happen?

Direct deposit has major benefits.

Thanks to instant access to cash, convenience and more time, it's no wonder 71% of employees have direct deposit. Today's job candidates have come to expect it. But they're not the only ones who benefit. It offers significant advantages for you too:

Saves you money: A 2009 study by the PayItGreen Alliance shows businesses saved $6.7 billion over the last ten years by switching to direct deposit. Average annual savings per employee, based on a bi-weekly pay schedule, is $176 thanks to eliminating issuing and re-issuing checks and stop payment fees.

Reduces your risk: No need to worry about the more than four million paychecks lost or stolen each year, or the 2,000 fraudulent checks cashed every day.

Saves you time: What would you do with all that extra time if you had only one entry on your statement to reconcile? We're sure you'd think of something.

Improves employee satisfaction: Attract and keep valuable employees by providing a benefit rated as important as a 401K. The Consumer Federation of America revealed in 2008 that 76% of employees who don't have access to direct deposit would use it if they had the option.

Increases productivity: According to NACHA, companies could increase productivity by $3-5 billion if all Americans used direct deposit. Even a small piece of that pie is mighty appetizing.

A payroll card that’s loaded with value.

No bank accounts to take advantage of traditional Direct Deposit? No problem. The GMS
handy payroll card is a convenient alternative for paying the more than 25 million workers who have no traditional banking relationship, as well as filling in occasional gaps such as bonuses or final paychecks. Employees get fast access to funds, while you enjoy significant savings. Works like a charm!

With GMS, you can expect the best.

Ask the right questions to make sure your direct deposit partner fits the bill:

It pays to partner with GMS.

Saves you money: Free set-up for starters. Considering some charge as much as $200, free is good.

Keeps it simple: There's a lot to be said for consistency. You pay the same low fee as for Direct Payment.

Predictable fee structure: Enjoy straightforward, affordable pricing with no surprises.

Flexible options to meet your unique requirements: Simply upload a file or we'll maintain the data for you. You can even fax us a simple form. It's your choice. GMS is here to handle your specific funding and timing requirements.

You've got questions, we've got answers: Our experts are always available to make your payroll as easy and timely as possible.

Call GMS at (800) 947-3156 or email us today and start looking forward to payday as much as your employees.