ACH Processing/Direct Deposit Payroll
Automated Clearing House (ACH) is a nationwide electronic payments and collection system used by hundreds of thousands of businesses and financial institutions. The ACH system saves you time, eliminates inconvenience and provides many additional benefits to both employer and employee.
Employer Benefits
Administrative Cost Savings -- check processing and reconcilement costs are greatly reduced.
Reduced Risk of Check Fraud.
Increased Productivity --studies show employee productivity increases when they no longer have to worry about getting their paycheck deposited.
Minimizes Cost of Check Replacement -- due to lost or stolen checks.
One Point of Contact -- your business deals with only one financial institution (QNB) and the ACH network takes care of distributing payments to your employees' financial institutions wherever they may be.
Employee Benefits
Immediate Credit -- you receive credit and immediate availability, which means you can withdraw funds or start earning interest sooner.
Confidentiality --your pay is processed electronically, so clerks or cashiers do not see your paycheck, as they would with a paper check.
Risk Free Handling -- you never have to worry about losing or misplacing your paycheck
Total Convenience -- when you combine DDP with a QNB Debit Card you will have 24-hour access to your account without ever having to visit the bank.
Extra Benefits as a QNB Customer
You receive the following additional benefits by having your pay directly deposited at QNB:
Interest-bearing checking account FREE of monthly maintenance fee
NO ANNUAL FEE QNB Debit Card
For more information, use our Request a Call Form.
| QNB ACH Processing Deadlines | |
|---|---|
| Debit Transactions | 4:00pm Eastern Time ONE Business Day Prior to intended Effective Date |
| Credit Transactions | 4:00pm Eastern Time TWO Business Days Prior to intended Effective Date |
Wire Cut Off or ACH Processing Deadlines may be modified based on the published holiday schedule or in the event of Bank closure for emergency. Refer to the Bank Holiday Schedule: ACH/Federal Reserve Bank Holiday Schedule
