Safe — Secure — Convenient — Faster
Electronic Payroll Plus (EPP) is a quick, inexpensive, and dependable way for you to do business, minus the paper.
This service is an additional feature that can be added to your STC Business OnLine Banking. EPP gives our businesse customers the ability to send and receive payments through the Automated Clearing House (ACH).
- Electronic Deposit of Payroll
No minimum number of employees required to offer direct deposit and not all employees have to participate.
- ACH Receipts
Used for cash concentration purposes. Pulls money from outside bank accounts and deposits funds in a designated STC account. Great for businesses with multiple locations across a larger region.
A type of ACH Receipts that can be used to collect recurring customer payments. (example: a fitness center membership)
- ACH Payments
Initiate ACH payments in order to make vendor or supplier payments.
- Wire Payments to third parties
- EFTPS Tax Payments
Business customers may electronically submit payroll tax payments and other federal tax payments directly to the IRS. Note- you must be set up for electronic tax payments with the IRS in order to submit them through online banking.
- Reduce costs, increase cash flow
- Concentrate money from multiple locations
- Accessible by your CPA or accountant
Employee & Customer Benefits:
- Eliminate trips to the bank
- Avoid missing a payday
- Guarantee on-time payments
- Save time and money
Please contact us for more information about STC Electronic Payroll Plus.