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What Is Direct Deposit?

A description of Direct Deposit for use in Sage Payroll

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Written by Denesh Sookar
Updated over a month ago

Direct deposit is an electronic transfer of money from one bank account to another. It replaces paper cheques, cash, or manual bank transfers. Use direct deposit to pay employees quickly, securely, and automatically each pay cycle. Sage Payroll supports direct deposit through EFT file or VoPay, a trusted payment partner.

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