Payroll Direct Deposits to Bank Accounts

Telpay for Business payment software enables you to pay your employees through direct deposit for as little as 15 cents* per employee, regardless of which the payroll software program or payroll service provider you are using.

Simply import the net payroll information and or enter any new employee banking details directly into Telpay for Business. Then transmit your payment file to Telpay as well as funding the Telpay trust account by either using an online banking transfer from your financial institution or have Telpay withdraw the funds from your account. Once Telpay has matched your payment file to the funds, your employees will be paid via direct deposit.

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Telpay directly integrates with the following accounting applications but can access payroll files from numerous other accounting programs:

Telpay also partners with the following payroll service providers:

If your current payroll software or service provider is not one of those listed above, but has the ability to create a direct deposit file in the standard bank format, you will still be able to import your net pay payroll information with ease.

With Telpay for Business you can also pay the following expenses electronically:

• CRA payroll source deductions
• Employee advances
• Expense reimbursements
• And dividends