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Benefits of Magnolia ACH Origination Direct Deposit:

For Companies:

  • Lower Cost: Savings of up to $1 per employee rather than paper checks
  • No Distribution of Checks
  • Added benefit to employees
  • No Lost Checks
  • No Check Reconcilement
  • Reduces Company Time Spent by Employees in Depositing Checks

For Employees and Consumers:

  • No trip to the Bank
  • No Lost/Stolen Checks
  • Guaranteed Deposits - Vacations, Sick Days
  • Encourages Savings

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