It's important for your company to take advantage of every cost efficiency available to promote a healthy bottom line. Even small changes to the way you issue payments could streamline cash management tasks and save your company thousands of dollars annually.
Use Direct Deposit to Pay Your Employees
According to the National Automated Clearing House Association (NACHA), a business with 50 hourly and 50 salaried employees could save $19,000 per year by switching to Direct Deposit.Footnote (Opens Overlay) Chase Commercial OnlineSM offers the Basic Payroll service to help you provide Direct Deposit payments to your employees.Footnote (Opens Overlay)
Help reduce fraud by requiring additional approvals for your transactions.
|Number of employees||Unlimited|
|Product support||Online call center
Online reference guides
Pay Your Vendors Online
Research shows that electronic payments can save companies almost 12 cents per payment versus paying with checks.Footnote (Opens Overlay) With Chase Commercial Online, you have multiple options for sending electronic payments.
|Online Bill Payments||ACH Payments||Wire Transfers|
|Payment method||Electronic or paper||Electronic||Electronic|
|Delivery time||2–5 business days||1–2 business days||1 business day domestic, generally up to 3 business days international|
|Eligible recipients||Anyone with a U.S. mailing address||Anyone with a U.S. bank account||Both U.S. and international recipients with an eligible bank account|
To learn more about Chase Commercial Online,
please contact us or call your Commercial Banker.