Ask HN: Direct deposit/ACH processor for payroll?

#1

Post by matttah » Fri, Jul 06, 2018, 12:38 AM UTC

We do our payroll in-house and currently send checks to our employees. I've been trying to find a company which will do direct deposits for us, however all the solutions I find seem to only work if you do the entire payroll solution with them, and for now we don't need or want to pay for a full service payroll.

I've seen a few ACH services, but they have stated that you cannot use them for payroll and that it is against their TOS.

Any suggestions on an ACH/direct deposit processor that would work for a small company (under 10 employees).

Thanks!

Re: Ask HN: Direct deposit/ACH processor for payroll?

#2

Post by auslegung » Fri, Jul 06, 2018, 1:21 AM UTC

I would guess that most banks (especially large ones) offer a way to transfer money online. Can you do that manually, for now, through your company's bank account?

Re: Ask HN: Direct deposit/ACH processor for payroll?

#3

Post by scratchnsniff » Fri, Jul 06, 2018, 1:21 AM UTC

Probably not the answer you're looking for, but our small company, of 7 full timers and a handful of part timers, switched to Gusto for payroll about a year ago. I know our founder who had previously managed all this himself has saved himself a ton of time and stress. He's generally a frugal person, so if he was won over it's probably worth a look. Since then I've know a few other agencies who have switched to Gusto as well. From an employees perspective I have to say it's been great. I get emails when I get paid, I can easily grab my paystubs, and access to my W-2 without and issue.

Re: Ask HN: Direct deposit/ACH processor for payroll?

#4

Post by phren0logy » Fri, Jul 06, 2018, 1:54 AM UTC

scratchnsniff wrote: post #3

Probably not the answer you're looking for, but our small company, of 7 full timers and a handful of part timers, switched to Gusto for payroll about a year ago. I know our founder who had previously managed all this himself has saved himself a ton of time and stress. He's generally a frugal person, so if he was won over it's probably worth a look. Since then I've know a few other agencies who have switched to Gusto…

I'm solo and I still find gusto to be worth the money. On the rare occasions I've needed to contact them, they have been great.

Re: Ask HN: Direct deposit/ACH processor for payroll?

#5

Post by matttah » Fri, Jul 06, 2018, 10:48 AM UTC

auslegung wrote: post #2

I would guess that most banks (especially large ones) offer a way to transfer money online. Can you do that manually, for now, through your company's bank account?

We do the people at the same bank get free transfers, it's out of bank ones is ~5$ per transfer. The bank recommended using viewpost which charges at 50 cents/transfer but from their site they say they should not be used for payroll, and require the other side is registered on their network so it isn't just a routing+accounting numbers push ACH transfer.

Re: Ask HN: Direct deposit/ACH processor for payroll?

#6

Post by matttah » Fri, Jul 06, 2018, 10:49 AM UTC

scratchnsniff wrote: post #3

Probably not the answer you're looking for, but our small company, of 7 full timers and a handful of part timers, switched to Gusto for payroll about a year ago. I know our founder who had previously managed all this himself has saved himself a ton of time and stress. He's generally a frugal person, so if he was won over it's probably worth a look. Since then I've know a few other agencies who have switched to Gusto…

I've heard good things about them, for me right now the payroll takes ~30 minutes or so a month with end of quarter payroll taking a little longer to create the 941 forms.