Direct Deposit for Your Employees

Simplify your payroll by offering direct deposit for your employees.

At Cape Cod 5, we are committed to helping you find ways to streamline and improve your business finance processes. Direct deposit of your employees’ payroll is a great way to create efficiencies, save time and provide greater security for both your business and your staff. 

Benefits to your business include:

• Cost savings – it is much less expensive to process electronic transactions than paper checks

• It's green - reduce the need for paper and printed material

• Greater control over your payroll and payroll expenses

• Reduced risk of check fraud and lost or stolen checks

• Timely and more efficient payment

• Simplify your accounting with immediate payments into employee accounts – no delays in check cashing

Benefits to your employees include:

• Convenient process saves time and trips to the bank

• Immediate availability of funds

• Timely depositing of checks, even when the employee is away

• Safe and secure

• Simple and easy to set up

• Allows for funds to be deposited into multiple accounts at once

Getting Started

Information to assist you and your employees in getting started with direct deposit can be found at the links below, including a basic downloadable direct deposit setup form for your staff, a flyer outlining the benefits for your workers as well as information about Cape Cod 5 personal checking accounts – and how simple it is to open one.

Our Treasury Management team is ready to assist with any questions you may have. We know you are busy running your business, and we’re here to support you – while trying to make your job a little easier.

Thank you for choosing Cape Cod 5 as your banking partner and for the important role your business plays in our local economy.