As long as you transmit your payroll 2 banking days prior to the paycheck date, direct deposits are made available to the receiving bank as of 5 pm PT on the paycheck date. However, if the paycheck date falls on a non-banking day, direct deposit paychecks will be posted on the next banking day.
Also, how long does it take for direct deposit to be available? All deposits made from your bank account into Current will go through the ACH and take 3-5 business days to settle into your account per their regulations and timing. Most deposits made on a business day before 5PM EST will settle within 3 business days.
Simply so, does Paychex offer direct deposit?
Paychex is a payroll service that makes paying employees easier. Paychex payment services include: Direct deposit. Paychex deposits payroll funds right into employees accounts so they can access their money on payday.
Does direct deposit hit at midnight?
Understanding Direct Deposit Direct deposit allows an employees pay to be available immediately in their accounts at midnight the day prior to payday. With this method, it is not subject to a check clearing wait period. Salaries paid via check can often take a week or more to clear within their account.