I sent this reply yesterday, but it did not seem to go through.
Nora Story
Spectra Technologies, Inc.
817-540-4475, ext. 105
Nora_Story@...
-----Original Message-----
From: Nora Story [mailto:Nora_Story@...]
Sent: Monday, March 04, 2002 10:02 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Direct Deposit
We finally got direct deposit working thanks to the help of another Vantage
user. Our only problem was that our bank did not provide software to
convert the Vantage text file output into the ACH format required by banks.
Most of the other people I heard from using direct deposit were provided
that help by their local bank. We can include multiple Vantage check run
groups in the same ACH file that we send to the bank. The only thing we
have to do is to limit the number of accounts per employee at any given bank
to one checking and one savings. This seems to be a limit by our bank in
how the ACH files go from them to the various other banks. You can get
around this limit if the employee uses more than one bank for their direct
deposits. I know some companies require that everyone use direct deposit,
but we do not. We have about 80% participation. It sure is nice when we
have employees offsite.
Nora Story
Spectra Technologies, Inc.
817-540-4475, ext. 105
Nora_Story@...
Nora Story
Spectra Technologies, Inc.
817-540-4475, ext. 105
Nora_Story@...
-----Original Message-----
From: Nora Story [mailto:Nora_Story@...]
Sent: Monday, March 04, 2002 10:02 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Direct Deposit
We finally got direct deposit working thanks to the help of another Vantage
user. Our only problem was that our bank did not provide software to
convert the Vantage text file output into the ACH format required by banks.
Most of the other people I heard from using direct deposit were provided
that help by their local bank. We can include multiple Vantage check run
groups in the same ACH file that we send to the bank. The only thing we
have to do is to limit the number of accounts per employee at any given bank
to one checking and one savings. This seems to be a limit by our bank in
how the ACH files go from them to the various other banks. You can get
around this limit if the employee uses more than one bank for their direct
deposits. I know some companies require that everyone use direct deposit,
but we do not. We have about 80% participation. It sure is nice when we
have employees offsite.
Nora Story
Spectra Technologies, Inc.
817-540-4475, ext. 105
Nora_Story@...