All about Direct Deposit

An Employee can deposit their pay up to 5 bank accounts depending on the bank that your company has set up under the bank file creation in your payroll process. CPA Standard 005, Royal Bank, and CIBC interfaces can support multiple bank accounts for each employee, while other banks allow only 1 account for direct deposit.

You want to set up direct deposit, or electronic funds transfer, to pay your employees instead of printing cheques.

How to setup Acclaim to seamlessly connect to Bambora (previously Beanstream) for easy direct deposit.