In addition to offering printed paychecks, JULY also offers ACH / Direct Deposit and access to the Money Network® Payroll Distribution Service through Bank of America Merchant Services. Below is an overview of these options.
With this option employees elect to have their pay deposited directly into their checking account on payday. Direct deposit becomes a valued employee benefit. For those employees who do not have access to checking accounts, we can provide electronic banking services through Bank of America’s Money Network® as described below.
With the Money Network® Payroll Distribution Service provided by Bank of America Merchant Services, employers can provide employees with the benefits of electronic pay and at the same time reduce administrative costs. Our “pay to the penny” solution includes the Money Network® Card and Money Network™ Checks, which enable employers to comply with payroll distribution laws and provide a safe and convenient pay alternative for employees.
This is not your standard "pay card" this service allows employees to write their own paycheck(s) from available funds in their account. For more information download the Money Network® Brochure.