Paychex Offers Same-Day ACH for Direct Deposit

Paychex, Inc. now offers same Day ACH functionality for clients using direct deposit. Paychex is a provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services.

With Same Day ACH, employers now have the flexibility to pay employees via direct deposit on the same day they initiate payroll. The announcement coincides with the first day Same Day ACH is made possible in the payments industry by NACHA, the Electronic Payments Association.

Same Day ACH offers employers greater payday accuracy by ensuring employees are paid the correct amount on payday, even if there are last-minute adjustments that need to be made. Previously, emergency payrolls or changes made on payday for employees with direct deposit would have been paid on the following business day or by another payment method, such as a paper check, with the employer, and in some cases, the employee, potentially incurring fees in the process.