Direct Deposit

Superior’s Direct Deposit is a proven way to save your business time and money when disbursing payroll to your employees. Direct Deposit allows your company to automatically deposit payroll into your employees’ checking and/or savings accounts at any bank. Streamline your payroll process by beginning a Direct Deposit program – set-up is easy and enrollment for your employees takes only one step.

Superior’s ACH direct deposit program offers the following benefits to you and your organization:

• Eliminates the expense and effort of preparing, mailing, and reconciling paper checks. It is also more secure than mailing checks to your employees.
• Funds are debited on settlement day, providing control and predictability for your payroll
• Your employees will enjoy the ease and simplicity of the direct deposit program – no standing in teller lines to cash or deposit their check

Preauthorized Debits

Preauthorized ACH Debits are the perfect way to save your business time and money when collecting payments from your customers on a regular basis. These debits allow your company to automatically withdraw funds from your customers’ checking accounts. You can expedite the collection of customers’ payments and eliminate the time-consuming and costly invoice preparation and mailing tasks. ACH insures timely receipt of the payments, so you can improve your ability to predict cash flow. Customers are provided with the convenience of not having to write checks and mail payments.

Superior’s Preauthorized ACH direct payment program offers the following benefits to you and your organization:

• Speeds collection of recurring payments and simplifies your receivables management.
• Reduces delinquent payments, administrative and processing costs.
• Eliminates the expense and effort of preparing and delivering check deposits to the bank.
• Makes funds available on settlement day, providing control and predictability for your payment collections process.
• Your customers will enjoy the ease and simplicity of the direct payment program.

Cash Concentration

Utilize ACH to transfer funds from secondary banking relationships into your operating account instead of wiring funds or writing checks to “yourself.” Once your outlying office notifies you of their collected balance, you log into Superior’s Online Banking and initiate an ACH debit for the amount. The next day, you receive your deposit into your operating account.

Superior’s cash concentration service offers the following benefits to you and your organization:

• Speeds collection of monies in secondary banks
• Reduces administrative and processing costs associated with wiring funds
• Eliminates the expense and effort of preparing wires and paper checks
• Makes funds available on settlement day, providing control and predictability for your cash position